Gallacher Capital Management LLC Has $354,000 Stake in Williams-Sonoma, Inc. $WSM

Gallacher Capital Management LLC reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 70.1% in the 3rd quarter, Holdings Channel reports. The firm owned 1,813 shares of the specialty retailer’s stock after selling 4,255 shares during the quarter. Gallacher Capital Management LLC’s holdings in Williams-Sonoma were worth $354,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Williams-Sonoma by 2.2% during the second quarter. State Street Corp now owns 5,991,697 shares of the specialty retailer’s stock worth $978,864,000 after acquiring an additional 127,597 shares during the last quarter. Invesco Ltd. increased its position in Williams-Sonoma by 30.6% during the 2nd quarter. Invesco Ltd. now owns 1,741,639 shares of the specialty retailer’s stock valued at $284,532,000 after purchasing an additional 407,929 shares during the period. First Trust Advisors LP raised its holdings in Williams-Sonoma by 30.0% during the 2nd quarter. First Trust Advisors LP now owns 1,736,466 shares of the specialty retailer’s stock worth $283,686,000 after purchasing an additional 401,138 shares during the last quarter. Norges Bank acquired a new position in shares of Williams-Sonoma in the 2nd quarter worth approximately $212,107,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Williams-Sonoma by 44.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,256,734 shares of the specialty retailer’s stock worth $205,317,000 after purchasing an additional 389,548 shares during the period. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Down 1.6%

WSM stock opened at $212.31 on Friday. The firm has a market capitalization of $25.35 billion, a PE ratio of 23.36, a P/E/G ratio of 3.23 and a beta of 1.64. Williams-Sonoma, Inc. has a twelve month low of $130.07 and a twelve month high of $221.81. The stock’s 50 day moving average is $195.00 and its 200-day moving average is $193.65.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.09. Williams-Sonoma had a net margin of 14.30% and a return on equity of 53.10%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $1.96 EPS. The business’s revenue was up 4.6% compared to the same quarter last year. On average, equities research analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 16th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, January 16th. This represents a $2.64 annualized dividend and a dividend yield of 1.2%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Analyst Upgrades and Downgrades

WSM has been the topic of a number of research analyst reports. Zelman & Associates raised shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price target on the stock in a research report on Thursday, January 29th. Royal Bank Of Canada set a $206.00 target price on Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, November 21st. Wells Fargo & Company lifted their target price on Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. TD Cowen restated a “buy” rating and set a $245.00 price target (up from $210.00) on shares of Williams-Sonoma in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Williams-Sonoma in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of “Hold” and an average target price of $201.83.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 767 shares of the stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $205.16, for a total transaction of $157,357.72. Following the completion of the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 35,000 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $207.39, for a total value of $7,258,650.00. Following the transaction, the chief executive officer owned 806,537 shares of the company’s stock, valued at $167,267,708.43. The trade was a 4.16% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 65,767 shares of company stock valued at $12,802,440. 1.10% of the stock is currently owned by company insiders.

About Williams-Sonoma

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.