Cadence Bank Purchases 2,870 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Cadence Bank increased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 100.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,740 shares of the specialty retailer’s stock after buying an additional 2,870 shares during the quarter. Cadence Bank’s holdings in Williams-Sonoma were worth $889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. purchased a new position in Williams-Sonoma in the 3rd quarter worth approximately $115,000. Brooklyn Investment Group purchased a new position in Williams-Sonoma in the 3rd quarter worth approximately $28,000. Quantbot Technologies LP increased its stake in Williams-Sonoma by 471.1% in the 3rd quarter. Quantbot Technologies LP now owns 40,331 shares of the specialty retailer’s stock worth $6,248,000 after purchasing an additional 33,269 shares during the period. D.A. Davidson & CO. increased its stake in Williams-Sonoma by 63.9% in the 3rd quarter. D.A. Davidson & CO. now owns 5,648 shares of the specialty retailer’s stock worth $875,000 after purchasing an additional 2,201 shares during the period. Finally, FMR LLC increased its stake in Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after purchasing an additional 3,695,837 shares during the period. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 990,956 shares of the company’s stock, valued at $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WSM. Loop Capital lifted their price target on Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a research note on Thursday, November 21st. Barclays boosted 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. Robert W. Baird reduced their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Citigroup reduced 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, Jefferies Financial Group raised Williams-Sonoma from a “hold” rating to a “buy” rating and boosted their target price for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma currently has an average rating of “Hold” and a consensus price target of $154.41.

Williams-Sonoma Trading Down 1.5 %

Williams-Sonoma stock opened at $171.37 on Thursday. The business’s fifty day simple moving average is $145.30 and its two-hundred day simple moving average is $145.20. Williams-Sonoma, Inc. has a 12 month low of $90.87 and a 12 month high of $181.42. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.65 and a beta of 1.76.

Williams-Sonoma Dividend Announcement

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

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.