Gallacher Capital Management LLC Raises Position in Williams-Sonoma, Inc. $WSM

Key Points

• Gallacher Capital Management LLC increased its holdings in Williams-Sonoma by 311.7% in Q2, now owning 6,068 shares valued at approximately $991,000.
• Analysts have varied ratings on Williams-Sonoma, with a consensus price target of $199.11 and ratings ranging from "Strong Buy" to "Sell."
• In the last quarter, insiders sold 51,500 shares of Williams-Sonoma stock, totaling around $9.28 million, indicating notable insider activity.

Gallacher Capital Management LLC grew its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 311.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,068 shares of the specialty retailer's stock after purchasing an additional 4,594 shares during the quarter. Gallacher Capital Management LLC's holdings in Williams-Sonoma were worth $991,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in shares of Williams-Sonoma by 2.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after buying an additional 61 shares during the period. Hemington Wealth Management raised its position in shares of Williams-Sonoma by 15.3% in the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after buying an additional 64 shares during the period. TFB Advisors LLC raised its position in shares of Williams-Sonoma by 5.5% in the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after buying an additional 67 shares during the period. Groupe la Francaise raised its position in shares of Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock worth $96,000 after buying an additional 67 shares during the period. Finally, Graypoint LLC raised its position in shares of Williams-Sonoma by 1.5% in the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after buying an additional 69 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WSM has been the topic of several research reports. UBS Group set a $200.00 target price on Williams-Sonoma in a research report on Thursday, August 28th. The Goldman Sachs Group increased their price target on Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Gordon Haskett raised Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research report on Wednesday, July 23rd. Royal Bank Of Canada raised their price objective on Williams-Sonoma from $212.00 to $213.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Morgan Stanley raised their target price on Williams-Sonoma from $185.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of "Moderate Buy" and a consensus price target of $199.11.

Insider Activity

In related news, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $168.18, for a total value of $5,045,400.00. Following the completion of the transaction, the chief executive officer directly owned 966,927 shares in the company, valued at approximately $162,617,782.86. This trade represents a 3.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the transaction, the chief financial officer owned 34,388 shares of the company's stock, valued at $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock worth $9,284,240 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $197.30 on Monday. The business has a 50-day moving average of $190.55 and a 200-day moving average of $171.50. The company has a market capitalization of $24.03 billion, a PE ratio of 21.70, a P/E/G ratio of 3.17 and a beta of 1.52. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.21. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company's revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, July 18th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, July 18th. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. Williams-Sonoma's dividend payout ratio (DPR) is currently 29.04%.

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.

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