Callan Family Office LLC Acquires New Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Callan Family Office LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,598 shares of the specialty retailer’s stock, valued at approximately $296,000.

Several other institutional investors also recently bought and sold shares of WSM. FMR LLC increased its holdings in Williams-Sonoma by 72.7% during the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after buying an additional 3,695,837 shares during the period. State Street Corp increased its holdings in Williams-Sonoma by 108.8% during the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares during the period. Geode Capital Management LLC increased its holdings in Williams-Sonoma by 107.5% during the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after buying an additional 1,393,436 shares during the period. Pacer Advisors Inc. increased its holdings in Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares during the period. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Williams-Sonoma by 324.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock valued at $160,537,000 after buying an additional 792,068 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Price Performance

NYSE WSM opened at $185.73 on Tuesday. The company has a market capitalization of $22.86 billion, a PE ratio of 21.97, a P/E/G ratio of 2.89 and a beta of 1.82. The company has a fifty day moving average of $201.31 and a 200 day moving average of $170.38. Williams-Sonoma, Inc. has a 1 year low of $117.13 and a 1 year high of $219.98.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, January 17th were given a $0.57 dividend. The ex-dividend date was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.23%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.98%.

Analysts Set New Price Targets

Several brokerages recently issued reports on WSM. Jefferies Financial Group lifted their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Telsey Advisory Group lifted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Finally, Loop Capital lifted their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $173.28.

Insiders Place Their Bets

In related news, CFO Jeffrey Howie sold 1,408 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. This represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Williams-Sonoma Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.