Norden Group LLC Decreases Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Norden Group LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,349 shares of the specialty retailer’s stock after selling 115 shares during the quarter. Norden Group LLC’s holdings in Williams-Sonoma were worth $1,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smithfield Trust Co increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC increased its stake in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Williams-Sonoma during the third quarter worth approximately $28,000. HM Payson & Co. lifted its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock worth $31,000 after buying an additional 100 shares during the last quarter. Finally, Sittner & Nelson LLC lifted its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock worth $31,000 after buying an additional 100 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WSM. The Goldman Sachs Group increased their target price on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Royal Bank of Canada lifted their target price on Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. TD Cowen upped their target price on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Telsey Advisory Group lifted their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Gordon Haskett raised Williams-Sonoma to a “hold” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Williams-Sonoma presently has a consensus rating of “Hold” and an average price target of $173.28.

Insider Activity

In other Williams-Sonoma 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction that occurred on 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 owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Up 1.0 %

NYSE WSM opened at $194.23 on Monday. The stock has a market capitalization of $23.91 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.89 and a beta of 1.79. Williams-Sonoma, Inc. has a 52-week low of $115.79 and a 52-week high of $219.98. The firm has a 50-day moving average price of $201.46 and a 200 day moving average price of $168.39.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, January 17th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 26.98%.

Williams-Sonoma Company 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.