Gallacher Capital Management LLC Sells 82 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Gallacher Capital Management LLC reduced its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,571 shares of the specialty retailer’s stock after selling 82 shares during the quarter. Gallacher Capital Management LLC’s holdings in Williams-Sonoma were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WSM. Corient Private Wealth LLC grew its stake in shares of Williams-Sonoma by 6.3% in the fourth quarter. Corient Private Wealth LLC now owns 114,047 shares of the specialty retailer’s stock valued at $20,728,000 after acquiring an additional 6,757 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Williams-Sonoma by 6.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,516 shares of the specialty retailer’s stock worth $836,000 after acquiring an additional 255 shares during the last quarter. one8zero8 LLC bought a new position in shares of Williams-Sonoma in the fourth quarter worth about $370,000. Natixis Advisors LLC lifted its holdings in shares of Williams-Sonoma by 9.6% in the fourth quarter. Natixis Advisors LLC now owns 22,229 shares of the specialty retailer’s stock worth $4,116,000 after acquiring an additional 1,948 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd lifted its holdings in shares of Williams-Sonoma by 200.0% in the fourth quarter. Catalyst Funds Management Pty Ltd now owns 4,200 shares of the specialty retailer’s stock worth $778,000 after acquiring an additional 2,800 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WSM. Barclays raised their price objective on shares of Williams-Sonoma from $123.00 to $131.00 and gave the company an “underweight” rating in a report on Thursday. The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. TD Cowen raised their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Wells Fargo & Company lifted their target price on Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada lifted their target price on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $173.78.

Insiders Place Their Bets

In related news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $194.32, for a total value of $273,602.56. Following the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction on 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 sale, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $167.22 on Monday. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The stock has a market capitalization of $20.58 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.89 and a beta of 1.82. The company’s 50-day simple moving average is $199.93 and its 200-day simple moving average is $171.36.

Williams-Sonoma Profile

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.