Boothbay Fund Management LLC Sells 28,659 Shares of Williams-Sonoma, Inc. $WSM

Boothbay Fund Management LLC lowered its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 50.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,445 shares of the specialty retailer’s stock after selling 28,659 shares during the period. Boothbay Fund Management LLC’s holdings in Williams-Sonoma were worth $5,560,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of WSM. True Wealth Design LLC increased its position in shares of Williams-Sonoma by 111.8% in the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 76 shares during 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 purchasing an additional 102 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew 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 buying an additional 88 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of 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 buying an additional 83 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Williams-Sonoma in the 3rd quarter worth $48,000. Institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 35,000 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the completion of the sale, the chief executive officer directly owned 806,537 shares in the company, valued at $167,267,708.43. This represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Karalyn Yearout sold 767 shares of Williams-Sonoma 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 transaction, the executive vice president directly owned 13,236 shares in the company, valued at $2,715,497.76. This trade represents a 5.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Stock Up 0.5%

Shares of NYSE:WSM opened at $180.24 on Monday. The stock has a market cap of $21.52 billion, a PE ratio of 19.83, a PEG ratio of 2.69 and a beta of 1.64. The company’s fifty day moving average is $204.98 and its 200 day moving average is $195.19. Williams-Sonoma, Inc. has a 52 week low of $130.07 and a 52 week high of $222.00.

Williams-Sonoma Announces Dividend

The business also recently announced 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 payout ratio is 29.04%.

Analyst Upgrades and Downgrades

WSM has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. UBS Group raised their price target on Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. TD Cowen reaffirmed a “buy” rating and set a $245.00 price target (up from $210.00) on shares of Williams-Sonoma in a research note on Tuesday, January 20th. Evercore set a $215.00 price objective on Williams-Sonoma in a report on Tuesday, February 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $220.00 price objective on shares of Williams-Sonoma in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Williams-Sonoma presently has a consensus 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.