Logan Capital Management Inc. Has $28.25 Million Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Logan Capital Management Inc. boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 98.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,328 shares of the specialty retailer’s stock after acquiring an additional 90,230 shares during the quarter. Williams-Sonoma accounts for 1.2% of Logan Capital Management Inc.’s portfolio, making the stock its 17th largest position. Logan Capital Management Inc.’s holdings in Williams-Sonoma were worth $28,246,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WSM. V Square Quantitative Management LLC bought a new stake in Williams-Sonoma in the 2nd quarter valued at approximately $188,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Williams-Sonoma by 50.3% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,270 shares of the specialty retailer’s stock valued at $641,000 after purchasing an additional 760 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Williams-Sonoma by 163.5% in the second quarter. Blue Trust Inc. now owns 556 shares of the specialty retailer’s stock worth $157,000 after purchasing an additional 345 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Williams-Sonoma by 32.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,089 shares of the specialty retailer’s stock worth $2,284,000 after purchasing an additional 1,975 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new position in Williams-Sonoma in the second quarter valued at $4,867,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WSM has been the topic of several analyst reports. Wedbush boosted their price target on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. TD Cowen increased their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Citigroup dropped their price target on shares of Williams-Sonoma from $140.00 to $134.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Finally, Loop Capital lifted their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $154.41.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business’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 transaction of $5,219,600.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the company’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 completion of the transaction, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $8,228,767.32. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,160 shares of company stock worth $11,590,952 in the last ninety days. 1.50% of the stock is owned by insiders.

Williams-Sonoma Stock Performance

Shares of NYSE WSM traded up $6.43 during trading hours on Friday, hitting $197.81. 274,059 shares of the stock were exchanged, compared to its average volume of 1,957,985. The company’s fifty day simple moving average is $152.30 and its two-hundred day simple moving average is $147.60. The company has a market cap of $24.35 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 2.90 and a beta of 1.81. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $198.70.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, January 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.15%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

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.