Romano Brothers AND Company Sells 1,100 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Romano Brothers AND Company trimmed its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,160 shares of the specialty retailer’s stock after selling 1,100 shares during the period. Romano Brothers AND Company’s holdings in Williams-Sonoma were worth $5,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Smithfield Trust Co grew its stake in shares of Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares during the period. Quest Partners LLC purchased a new stake in Williams-Sonoma during the second quarter valued at about $26,000. Cassady Schiller Wealth Management LLC boosted its position in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 83 shares during the period. Brooklyn Investment Group purchased a new position in shares of Williams-Sonoma in the third quarter worth about $28,000. Finally, Clean Yield Group bought a new stake in shares of Williams-Sonoma in the third quarter valued at approximately $30,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Wedbush raised their price target on Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. TD Cowen boosted their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Royal Bank of Canada raised their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company upped their target price 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. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $160.03.

Williams-Sonoma Trading Up 1.8 %

Shares of Williams-Sonoma stock opened at $202.73 on Friday. The firm has a market capitalization of $24.96 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.00 and a beta of 1.79. Williams-Sonoma, Inc. has a 12 month low of $95.76 and a 12 month high of $204.68. The business’s 50-day moving average price is $179.29 and its 200-day moving average price is $155.45.

Williams-Sonoma Dividend Announcement

The firm 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 1.12%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is presently 26.97%.

Insider Buying and Selling at Williams-Sonoma

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 stock was 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 owns 990,956 shares in the company, valued at approximately $129,309,848.44. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value 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. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Company 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.