Williams-Sonoma, Inc. (NYSE:WSM) CFO Sells $273,602.56 in Stock

Williams-Sonoma, Inc. (NYSE:WSM) CFO Jeffrey Howie sold 1,408 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was 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 in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey Howie also recently made the following trade(s):

• On Monday, December 2nd, Jeffrey Howie sold 3,160 shares of Williams-Sonoma stock. The shares were sold at an average price of $177.39, for a total value of $560,552.40.

Williams-Sonoma Stock Up 1.0 %

WSM traded up $1.95 on Friday, reaching $194.23. 1,815,921 shares of the company traded hands, compared to its average volume of 1,303,547. The company has a market cap of $23.91 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.89 and a beta of 1.79. The firm has a fifty day simple moving average of $201.24 and a two-hundred day simple moving average of $167.62. Williams-Sonoma, Inc. has a one year low of $115.79 and a one year high of $219.98.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, January 17th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. Williams-Sonoma’s payout ratio is 26.98%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its stake in shares of Williams-Sonoma by 186.0% during the third quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock valued at $1,167,000 after buying an additional 4,901 shares during the period. OneDigital Investment Advisors LLC increased its position in Williams-Sonoma by 97.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock valued at $955,000 after purchasing an additional 3,038 shares during the period. Stifel Financial Corp increased its position in Williams-Sonoma by 94.8% during the 3rd quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer’s stock valued at $3,026,000 after purchasing an additional 9,509 shares during the period. Intech Investment Management LLC raised its holdings in shares of Williams-Sonoma by 27.2% in the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock valued at $5,966,000 after purchasing an additional 8,237 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of Williams-Sonoma by 67.4% in the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock worth $4,641,000 after purchasing an additional 12,061 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSM has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley raised their target price on shares of Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Citigroup decreased their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group lifted their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research note on Thursday, January 30th. Finally, Loop Capital upped their target price on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $173.28.

About Williams-Sonoma

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.