Atomi Financial Group Inc. Raises Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Atomi Financial Group Inc. raised its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,540 shares of the specialty retailer’s stock after acquiring an additional 104 shares during the quarter. Atomi Financial Group Inc.’s holdings in Williams-Sonoma were worth $285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WSM. Toronto Dominion Bank acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth $1,652,000. MBB Public Markets I LLC grew its stake in Williams-Sonoma by 33.0% during the 2nd quarter. MBB Public Markets I LLC now owns 4,289 shares of the specialty retailer’s stock valued at $1,211,000 after purchasing an additional 1,065 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Williams-Sonoma by 0.9% in the second quarter. The Manufacturers Life Insurance Company now owns 53,835 shares of the specialty retailer’s stock worth $15,201,000 after buying an additional 460 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Williams-Sonoma in the second quarter valued at about $927,000. Finally, Kathmere Capital Management LLC bought a new position in Williams-Sonoma during the second quarter worth $340,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 1.0 %

NYSE WSM opened at $213.91 on Monday. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $214.42. The company has a market capitalization of $26.33 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 3.21 and a beta of 1.79. The stock’s 50 day moving average is $187.30 and its two-hundred day moving average is $157.86.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is 26.97%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WSM. Barclays raised their target price on Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Morgan Stanley upped their target price on Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Telsey Advisory Group lifted their price target on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Citigroup lowered their target price on Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Finally, Evercore ISI boosted their price target on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $163.16.

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was 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 in the company, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $8,228,767.32. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 88,160 shares of company stock worth $15,129,352 over the last three months. Company insiders own 1.50% of the company’s stock.

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.