Williams-Sonoma, Inc. (NYSE:WSM) is Lakewood Asset Management LLC’s 6th Largest Position

Lakewood Asset Management LLC lowered its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,367 shares of the specialty retailer’s stock after selling 151 shares during the period. Williams-Sonoma makes up approximately 3.0% of Lakewood Asset Management LLC’s portfolio, making the stock its 6th biggest holding. Lakewood Asset Management LLC’s holdings in Williams-Sonoma were worth $4,327,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Smithfield Trust Co raised its position 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 worth $25,000 after buying an additional 80 shares during the period. Quest Partners LLC acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at about $26,000. Cassady Schiller Wealth Management LLC lifted its stake in shares of Williams-Sonoma by 100.0% in the 3rd 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 in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Williams-Sonoma during the 3rd quarter worth about $28,000. Finally, Clean Yield Group acquired a new stake in Williams-Sonoma during the 3rd quarter worth approximately $30,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on WSM. TD Cowen lifted their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. upped their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Citigroup lowered their price target on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Loop Capital increased their target price on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $160.03.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,160 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Williams-Sonoma Price Performance

Shares of WSM stock opened at $198.27 on Thursday. The firm has a fifty day moving average of $176.53 and a two-hundred day moving average of $154.58. The firm has a market cap of $24.41 billion, a P/E ratio of 23.45, a P/E/G ratio of 3.00 and a beta of 1.79. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $200.56.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

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.