Janney Montgomery Scott LLC Has $2.71 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Janney Montgomery Scott LLC grew its holdings in Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 17.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,976 shares of the specialty retailer’s stock after buying an additional 3,348 shares during the period. Janney Montgomery Scott LLC’s holdings in Williams-Sonoma were worth $2,708,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Lindenwold Advisors lifted its position in shares of Williams-Sonoma by 1.4% in the second quarter. Lindenwold Advisors now owns 5,008 shares of the specialty retailer’s stock valued at $556,000 after buying an additional 71 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Williams-Sonoma by 14.4% in the second quarter. Fifth Third Bancorp now owns 572 shares of the specialty retailer’s stock valued at $63,000 after buying an additional 72 shares during the last quarter. Truist Financial Corp lifted its position in shares of Williams-Sonoma by 0.7% in the second quarter. Truist Financial Corp now owns 12,278 shares of the specialty retailer’s stock valued at $1,362,000 after buying an additional 82 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its position in shares of Williams-Sonoma by 3.7% in the third quarter. YorkBridge Wealth Partners LLC now owns 2,392 shares of the specialty retailer’s stock valued at $282,000 after buying an additional 86 shares during the last quarter. Finally, Janiczek Wealth Management LLC lifted its position in shares of Williams-Sonoma by 16.8% in the third quarter. Janiczek Wealth Management LLC now owns 666 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 96 shares during the last quarter. 99.49% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, insider Marta Benson sold 10,000 shares of Williams-Sonoma stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $114.88, for a total value of $1,148,800.00. Following the transaction, the insider now owns 33,477 shares in the company, valued at $3,845,837.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $128.60 on Friday. Williams-Sonoma, Inc. has a 52 week low of $101.58 and a 52 week high of $176.89. The stock has a market capitalization of $8.56 billion, a P/E ratio of 7.79, a PEG ratio of 0.74 and a beta of 1.55. The stock’s fifty day moving average is $119.89 and its 200 day moving average is $129.95.

Williams-Sonoma (NYSE:WSMGet Rating) last released its earnings results on Thursday, November 17th. The specialty retailer reported $3.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.78 by ($0.06). Williams-Sonoma had a net margin of 13.48% and a return on equity of 83.08%. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts forecast that Williams-Sonoma, Inc. will post 16.48 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Friday, January 20th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date is Thursday, January 19th. Williams-Sonoma’s dividend payout ratio is presently 18.91%.

Analysts Set New Price Targets

Several analysts recently issued reports on WSM shares. Morgan Stanley downgraded Williams-Sonoma from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $150.00 to $100.00 in a research note on Monday, November 28th. Citigroup lowered their price objective on Williams-Sonoma from $156.00 to $135.00 in a research report on Monday, October 31st. Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $190.00 to $110.00 in a research report on Tuesday, November 8th. StockNews.com cut Williams-Sonoma from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Finally, Barclays cut Williams-Sonoma from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $192.00 to $114.00 in a research report on Monday, November 21st. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $133.06.

About Williams-Sonoma

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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.

Further Reading

Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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