Brooklyn Investment Group Acquires New Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Brooklyn Investment Group bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 179 shares of the specialty retailer’s stock, valued at approximately $28,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quest Partners LLC bought a new position in shares of Williams-Sonoma in the second quarter valued at approximately $26,000. Crewe Advisors LLC acquired a new stake in Williams-Sonoma in the second quarter worth approximately $29,000. Hobbs Group Advisors LLC bought a new position in Williams-Sonoma during the 2nd quarter valued at $33,000. Smithfield Trust Co increased its position in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Finally, Cassady Schiller Wealth Management LLC raised 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 worth $26,000 after buying an additional 83 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $148.00 to $156.00 in a research note on Wednesday, September 11th. Barclays increased their target price on shares of Williams-Sonoma from $116.00 to $123.00 and gave the company an “underweight” rating in a research note on Thursday, November 21st. Telsey Advisory Group lifted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Wedbush increased their price objective on Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and a consensus target price of $154.41.

Williams-Sonoma Stock Performance

Shares of WSM opened at $172.02 on Friday. The company has a market capitalization of $21.18 billion, a PE ratio of 20.35, a PEG ratio of 2.61 and a beta of 1.76. The company’s 50 day moving average price is $146.19 and its 200 day moving average price is $145.39. Williams-Sonoma, Inc. has a 52 week low of $92.55 and a 52 week high of $181.42.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, October 18th. Williams-Sonoma’s dividend payout ratio is currently 26.97%.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of Williams-Sonoma stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the sale, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. The trade was a 3.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

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.