Williams-Sonoma, Inc. $WSM Holdings Cut by Glenmede Investment Management LP

Glenmede Investment Management LP reduced its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,807 shares of the specialty retailer’s stock after selling 23,576 shares during the period. Glenmede Investment Management LP owned 0.19% of Williams-Sonoma worth $45,698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Groupe la Francaise boosted its position in Williams-Sonoma by 8.2% during the 2nd quarter. Groupe la Francaise now owns 631 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 48 shares during the period. Sentry Investment Management LLC increased its position in Williams-Sonoma by 25.1% in the third quarter. Sentry Investment Management LLC now owns 274 shares of the specialty retailer’s stock worth $52,000 after buying an additional 55 shares during the period. Elyxium Wealth LLC increased its position in Williams-Sonoma by 0.4% in the third quarter. Elyxium Wealth LLC now owns 16,099 shares of the specialty retailer’s stock worth $3,146,000 after buying an additional 57 shares during the period. Eukles Asset Management lifted its stake in Williams-Sonoma by 0.5% in the third quarter. Eukles Asset Management now owns 12,575 shares of the specialty retailer’s stock valued at $2,458,000 after buying an additional 60 shares during the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Williams-Sonoma by 5.0% during the third quarter. Stratos Wealth Partners LTD. now owns 1,293 shares of the specialty retailer’s stock valued at $253,000 after acquiring an additional 61 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Yearout sold 767 shares of the company’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 completion of the sale, the executive vice president directly owned 13,236 shares in the company, valued at $2,715,497.76. This represents a 5.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the stock in a transaction 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 directly owned 806,537 shares of the company’s stock, valued at approximately $167,267,708.43. The trade was a 4.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Williams-Sonoma Stock Up 0.5%

Shares of NYSE WSM opened at $180.24 on Friday. The stock has a market cap of $21.52 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.68 and a beta of 1.64. The firm’s 50-day simple moving average is $204.98 and its 200 day simple moving average is $195.19. Williams-Sonoma, Inc. has a fifty-two week low of $130.07 and a fifty-two week high of $222.00.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 16th were paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, January 16th. Williams-Sonoma’s dividend payout ratio is currently 29.04%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WSM. TD Cowen restated a “buy” rating and set a $245.00 price target (up from $210.00) on shares of Williams-Sonoma in a research report on Tuesday, January 20th. Telsey Advisory Group reissued an “outperform” rating and set a $220.00 target price on shares of Williams-Sonoma in a research note on Thursday. Evercore set a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, February 10th. Zelman & Associates upgraded 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 note on Thursday, January 29th. Finally, Citigroup lifted their price target on Williams-Sonoma from $188.00 to $208.00 and gave the company a “neutral” rating in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Moderate Buy” and an average price target of $203.78.

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.