Centric Wealth Management Has $3.68 Million Stock Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Centric Wealth Management reduced its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,729 shares of the specialty retailer’s stock after selling 108 shares during the quarter. Williams-Sonoma accounts for about 0.9% of Centric Wealth Management’s holdings, making the stock its 26th biggest position. Centric Wealth Management’s holdings in Williams-Sonoma were worth $3,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quent Capital LLC boosted its stake in Williams-Sonoma by 19.7% during the 1st quarter. Quent Capital LLC now owns 358 shares of the specialty retailer’s stock valued at $114,000 after purchasing an additional 59 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Williams-Sonoma during the first quarter worth $416,000. California State Teachers Retirement System raised its position in Williams-Sonoma by 25.3% in the 1st quarter. California State Teachers Retirement System now owns 81,943 shares of the specialty retailer’s stock valued at $26,019,000 after buying an additional 16,558 shares during the last quarter. Cetera Investment Advisers lifted its stake in Williams-Sonoma by 403.1% during the 1st quarter. Cetera Investment Advisers now owns 12,045 shares of the specialty retailer’s stock valued at $3,825,000 after acquiring an additional 9,651 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in Williams-Sonoma by 81.2% during the 1st quarter. Cetera Advisors LLC now owns 3,348 shares of the specialty retailer’s stock worth $1,063,000 after acquiring an additional 1,500 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Royal Bank of Canada increased their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Evercore ISI lifted their target price on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Loop Capital upped their target price on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, November 21st. TD Cowen increased their price target on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company boosted their price objective on Williams-Sonoma from $140.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $154.41.

Williams-Sonoma Stock Performance

Shares of WSM opened at $171.39 on Friday. The stock has a market capitalization of $21.10 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.61 and a beta of 1.76. Williams-Sonoma, Inc. has a 52-week low of $90.87 and a 52-week high of $181.42. The stock’s 50-day simple moving average is $145.73 and its 200 day simple moving average is $145.38.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

Insider Transactions 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 stock was sold at an average price of $130.49, for a total transaction of $5,219,600.00. Following the completion of the transaction, the chief executive officer now owns 990,956 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. 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.