Cresset Asset Management LLC Invests $674,000 in Williams-Sonoma, Inc. $WSM

Cresset Asset Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,447 shares of the specialty retailer’s stock, valued at approximately $674,000.

A number of other institutional investors have also modified their holdings of the company. True Wealth Design LLC increased its position in Williams-Sonoma by 111.8% during the 3rd quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 76 shares in the last quarter. Vermillion & White Wealth Management Group LLC lifted its position in Williams-Sonoma by 130.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock valued at $29,000 after buying an additional 102 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its stake in Williams-Sonoma by 66.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the specialty retailer’s stock worth $43,000 after buying an additional 88 shares during the period. Parkside Financial Bank & Trust grew its stake in Williams-Sonoma by 57.2% during the third quarter. Parkside Financial Bank & Trust now owns 228 shares of the specialty retailer’s stock worth $45,000 after buying an additional 83 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Williams-Sonoma in the third quarter worth $48,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on WSM. UBS Group raised their target price on shares of Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday. TD Cowen reiterated a “buy” rating and issued a $245.00 price target (up from $210.00) on shares of Williams-Sonoma in a report on Tuesday, January 20th. Royal Bank Of Canada set a $206.00 price objective on Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, November 21st. Telsey Advisory Group reduced their price objective on 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, Citigroup upped their target price on Williams-Sonoma from $188.00 to $208.00 and gave the stock a “neutral” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and an average target price of $203.78.

Williams-Sonoma Trading Down 1.4%

WSM opened at $185.70 on Thursday. Williams-Sonoma, Inc. has a twelve month low of $130.07 and a twelve month high of $222.00. The firm has a market cap of $22.17 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 2.82 and a beta of 1.64. The company has a fifty day simple moving average of $205.11 and a 200 day simple moving average of $195.43.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 16th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, January 16th. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Insider Activity

In other news, EVP Karalyn Yearout sold 767 shares of Williams-Sonoma stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $205.16, for a total transaction 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. The trade was a 5.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 806,537 shares in the company, valued at approximately $167,267,708.43. This trade represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

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.