Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Pictet Asset Management SA

Pictet Asset Management SA decreased its position in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) by 96.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,868 shares of the specialty retailer’s stock after selling 117,472 shares during the period. Pictet Asset Management SA’s holdings in Williams-Sonoma were worth $574,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Lindenwold Advisors grew its holdings in 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 purchasing an additional 71 shares during the last quarter. Fifth Third Bancorp grew its holdings in 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 purchasing an additional 72 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in 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 purchasing an additional 86 shares during the last quarter. Brighton Jones LLC grew its holdings in Williams-Sonoma by 1.4% in the third quarter. Brighton Jones LLC now owns 6,428 shares of the specialty retailer’s stock valued at $758,000 after purchasing an additional 91 shares during the last quarter. Finally, Western Wealth Management LLC grew its holdings in Williams-Sonoma by 2.1% in the third quarter. Western Wealth Management LLC now owns 4,683 shares of the specialty retailer’s stock valued at $575,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 99.49% of the company’s stock.

Insider Transactions at Williams-Sonoma

In related news, insider Marta Benson sold 10,000 shares of Williams-Sonoma stock in a transaction that occurred on 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 sale, the insider now owns 33,477 shares of the company’s stock, valued at approximately $3,845,837.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Telsey Advisory Group cut their price objective on Williams-Sonoma from $195.00 to $155.00 and set an “outperform” rating on the stock in a report on Friday, November 18th. Cowen cut their target price on Williams-Sonoma from $170.00 to $145.00 and set an “outperform” rating on the stock in a research note on Friday, November 18th. Needham & Company LLC assumed coverage on Williams-Sonoma in a research note on Tuesday, December 13th. They set a “hold” rating on the stock. Morgan Stanley cut Williams-Sonoma from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $150.00 to $100.00 in a research report on Monday, November 28th. Finally, Wedbush cut Williams-Sonoma from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $190.00 to $110.00 in a report on Tuesday, November 8th. Six equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $128.88.

Williams-Sonoma Trading Down 1.6 %

NYSE:WSM opened at $124.92 on Wednesday. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 0.92 and a beta of 1.60. The stock has a 50-day moving average price of $125.75 and a two-hundred day moving average price of $128.53. Williams-Sonoma, Inc. has a 1 year low of $101.58 and a 1 year high of $176.89.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Stockholders of record on Friday, January 20th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, January 19th. Williams-Sonoma’s dividend payout ratio is currently 18.91%.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.