Tabor Asset Management LP Decreases Holdings in Williams-Sonoma, Inc. $WSM

Tabor Asset Management LP cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,577 shares of the specialty retailer’s stock after selling 10,007 shares during the period. Williams-Sonoma accounts for approximately 3.4% of Tabor Asset Management LP’s investment portfolio, making the stock its 12th biggest holding. Tabor Asset Management LP’s holdings in Williams-Sonoma were worth $5,585,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WSM. True Wealth Design LLC raised its stake in Williams-Sonoma by 111.8% in the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 76 shares during the last quarter. Vermillion & White Wealth Management Group LLC raised its position in shares of Williams-Sonoma by 130.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 102 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in Williams-Sonoma by 66.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 88 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Williams-Sonoma by 57.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 228 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 83 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in Williams-Sonoma during the 3rd quarter worth approximately $48,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Up 1.0%

Williams-Sonoma stock opened at $188.41 on Tuesday. The firm has a market cap of $22.49 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.79 and a beta of 1.64. Williams-Sonoma, Inc. has a 52 week low of $130.07 and a 52 week high of $222.00. The business’s 50-day moving average price is $204.82 and its 200 day moving average price is $195.60.

Williams-Sonoma Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Evercore set a $215.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, February 10th. TD Cowen reissued a “buy” rating and issued a $245.00 target price (up from $210.00) on shares of Williams-Sonoma in a research report on Tuesday, January 20th. Citigroup raised their target price on Williams-Sonoma from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Friday. Zelman & Associates upgraded Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 price target on the stock in a research note on Thursday, January 29th. Finally, UBS Group set a $175.00 price objective on Williams-Sonoma and gave the company a “neutral” rating in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Williams-Sonoma has an average rating of “Moderate Buy” and a consensus price target of $203.22.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Yearout sold 767 shares of the firm’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $205.16, for a total value of $157,357.72. Following the sale, the executive vice president directly owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This trade 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 hyperlink. Also, CEO Laura Alber sold 35,000 shares of the stock in a transaction that occurred on Thursday, January 15th. The shares were 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 in the company, valued at $167,267,708.43. This trade represents a 4.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Williams-Sonoma Company 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.