Newbridge Financial Services Group Inc. Buys Shares of 203 Williams-Sonoma, Inc. (NYSE:WSM)

Newbridge Financial Services Group Inc. bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 203 shares of the specialty retailer’s stock, valued at approximately $38,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Smithfield Trust Co boosted its position 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 buying an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC boosted its position in Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Williams-Sonoma in the third quarter valued at approximately $28,000. HM Payson & Co. boosted its position in Williams-Sonoma by 100.0% in the third quarter. HM Payson & Co. now owns 200 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Finally, Sittner & Nelson LLC boosted its position in Williams-Sonoma by 100.0% in the third quarter. Sittner & Nelson LLC now owns 200 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 1.3 %

WSM opened at $206.55 on Wednesday. Williams-Sonoma, Inc. has a 1-year low of $108.19 and a 1-year high of $219.98. The company has a market cap of $25.43 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 2.91 and a beta of 1.79. The company has a fifty day moving average price of $197.03 and a two-hundred day moving average price of $162.42.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WSM shares. Morgan Stanley lifted their price target on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Citigroup cut their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Barclays lifted their price target on shares of Williams-Sonoma from $116.00 to $123.00 and gave the stock an “underweight” rating in a report on Thursday, November 21st. Finally, Loop Capital lifted their price target on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.34.

Insider Buying and Selling at Williams-Sonoma

In other news, CEO Laura Alber sold 40,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 of the company’s stock, valued at $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,160 shares of company stock valued at $15,129,352. Corporate 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.