Elevated Capital Advisors LLC Sells 621 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Elevated Capital Advisors LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,548 shares of the specialty retailer’s stock after selling 621 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Williams-Sonoma were worth $1,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Smithfield Trust Co boosted its holdings in Williams-Sonoma by 100.0% in the third 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 last quarter. Quest Partners LLC purchased a new position in shares of Williams-Sonoma in the 2nd quarter valued at about $26,000. Cassady Schiller Wealth Management LLC raised its stake in shares of Williams-Sonoma by 100.0% during 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 during the period. Brooklyn Investment Group acquired a new position in shares of Williams-Sonoma during the 3rd quarter worth about $28,000. Finally, Clean Yield Group purchased a new stake in Williams-Sonoma during the 3rd quarter worth approximately $30,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Evercore ISI lifted their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research note on Thursday, November 21st. Wedbush increased their price objective on shares of Williams-Sonoma from $135.00 to $175.00 and gave the company a “neutral” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. boosted their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Jefferies Financial Group lifted their price target on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. 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. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and a consensus target price of $160.03.

Williams-Sonoma Stock Performance

Shares of WSM stock traded down $1.62 during trading hours on Monday, hitting $195.35. 1,034,641 shares of the company were exchanged, compared to its average volume of 1,359,188. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 2.98 and a beta of 1.79. Williams-Sonoma, Inc. has a one year low of $95.76 and a one year high of $200.56. The business’s 50-day simple moving average is $172.80 and its two-hundred day simple moving average is $153.55.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s payout ratio is 26.98%.

Insider Transactions at Williams-Sonoma

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

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.