Crossmark Global Holdings Inc. Sells 39,391 Shares of Williams-Sonoma, Inc. $WSM

Crossmark Global Holdings Inc. decreased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 73.4% during the third quarter, Holdings Channel reports. The fund owned 14,252 shares of the specialty retailer’s stock after selling 39,391 shares during the period. Crossmark Global Holdings Inc.’s holdings in Williams-Sonoma were worth $2,786,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in WSM. Brighton Jones LLC lifted its stake in shares of Williams-Sonoma by 22.4% in the 4th quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock valued at $1,248,000 after purchasing an additional 1,236 shares during the period. Bison Wealth LLC purchased a new stake in Williams-Sonoma in the fourth quarter worth $227,000. Woodline Partners LP purchased a new stake in Williams-Sonoma in the first quarter worth $1,644,000. Atria Investments Inc bought a new position in Williams-Sonoma in the second quarter worth $230,000. Finally, Huntington National Bank raised its holdings in Williams-Sonoma by 7.9% in the second quarter. Huntington National Bank now owns 1,057 shares of the specialty retailer’s stock worth $173,000 after purchasing an additional 77 shares in the last quarter. Institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Royal Bank Of Canada set a $206.00 target price on shares of Williams-Sonoma and gave the company an “outperform” rating in a report on Friday, November 21st. Evercore set a $215.00 price target on shares of Williams-Sonoma in a research note on Tuesday, February 10th. Zelman & Associates raised shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price target for the company in a research report on Thursday, January 29th. Telsey Advisory Group dropped their price objective on shares of Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Weiss Ratings upgraded shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and an average price target of $203.22.

Williams-Sonoma Trading Down 3.5%

Williams-Sonoma stock opened at $186.77 on Friday. Williams-Sonoma, Inc. has a 12 month low of $130.07 and a 12 month high of $222.00. The company has a market capitalization of $22.30 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.79 and a beta of 1.64. The business’s fifty day simple moving average is $204.80 and its two-hundred day simple moving average is $195.68.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 16th were paid a $0.66 dividend. The ex-dividend date was Friday, January 16th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. Williams-Sonoma’s payout ratio is presently 29.04%.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 35,000 shares of the stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the sale, the chief executive officer directly owned 806,537 shares of the company’s stock, valued at approximately $167,267,708.43. This represents a 4.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Karalyn Yearout sold 767 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total transaction of $157,357.72. Following the sale, the executive vice president owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This represents a 5.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Profile

Williams?Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi?brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher?end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.