Gallacher Capital Management LLC Trims Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Gallacher Capital Management LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,571 shares of the specialty retailer’s stock after selling 82 shares during the period. Gallacher Capital Management LLC’s holdings in Williams-Sonoma were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of WSM. FMR LLC raised its position in shares of Williams-Sonoma by 72.7% in the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after buying an additional 3,695,837 shares during the last quarter. State Street Corp raised its position in shares of Williams-Sonoma by 108.8% in the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Williams-Sonoma by 107.5% in the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after buying an additional 1,393,436 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Williams-Sonoma by 118.7% in the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock valued at $326,931,000 after buying an additional 1,145,410 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Williams-Sonoma by 104.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock valued at $171,239,000 after buying an additional 565,745 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $167.22 on Monday. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The company has a 50 day moving average price of $199.93 and a 200 day moving average price of $171.36. The stock has a market capitalization of $20.58 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.89 and a beta of 1.82.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This trade represents a 4.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at $9,014,116.16. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WSM. JPMorgan Chase & Co. upped their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Royal Bank of Canada upped their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Wedbush reaffirmed a “neutral” rating and set a $190.00 price target (up previously from $175.00) on shares of Williams-Sonoma in a research report on Friday, February 28th. TD Cowen upped their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley upped their price target on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Hold” and an average target price of $173.78.

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.