Perbak Capital Partners LLP Buys 3,413 Shares of Williams-Sonoma, Inc. $WSM

Perbak Capital Partners LLP grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 102.5% during the third quarter, HoldingsChannel.com reports. The fund owned 6,743 shares of the specialty retailer’s stock after buying an additional 3,413 shares during the quarter. Perbak Capital Partners LLP’s holdings in Williams-Sonoma were worth $1,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Williams-Sonoma by 2.2% in the 2nd quarter. State Street Corp now owns 5,991,697 shares of the specialty retailer’s stock worth $978,864,000 after buying an additional 127,597 shares during the last quarter. First Trust Advisors LP increased its position in Williams-Sonoma by 30.7% during the third quarter. First Trust Advisors LP now owns 2,269,461 shares of the specialty retailer’s stock valued at $443,566,000 after acquiring an additional 532,995 shares during the last quarter. Invesco Ltd. increased its position in Williams-Sonoma by 30.6% during the second quarter. Invesco Ltd. now owns 1,741,639 shares of the specialty retailer’s stock valued at $284,532,000 after acquiring an additional 407,929 shares during the last quarter. Boston Partners bought a new position in Williams-Sonoma in the third quarter valued at about $254,778,000. Finally, Norges Bank bought a new position in Williams-Sonoma in the second quarter valued at about $212,107,000. 99.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WSM has been the subject of a number of recent research reports. UBS Group boosted their price target on Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday. Citigroup increased their price objective on shares of Williams-Sonoma from $188.00 to $208.00 and gave the stock a “neutral” rating in a research note on Friday, March 6th. TD Cowen reissued a “buy” rating and issued a $245.00 price objective (up from $210.00) on shares of Williams-Sonoma in a report on Tuesday, January 20th. Evercore set a $215.00 target price on shares of Williams-Sonoma in a research report on Tuesday, February 10th. Finally, Zelman & Associates raised shares of Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 target price for the company in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.78.

Williams-Sonoma Trading Up 0.5%

NYSE WSM opened at $180.24 on Friday. Williams-Sonoma, Inc. has a 12 month low of $130.07 and a 12 month high of $222.00. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.68 and a beta of 1.64. The company’s 50 day moving average is $204.98 and its two-hundred day moving average is $195.19.

Williams-Sonoma Announces Dividend

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

Insider Buying and Selling at Williams-Sonoma

In related news, CEO Laura Alber sold 35,000 shares of Williams-Sonoma stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the transaction, the chief executive officer owned 806,537 shares in the company, valued at approximately $167,267,708.43. The trade was a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Karalyn Yearout sold 767 shares of the business’s stock in a transaction dated Wednesday, January 14th. The shares were 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 owned 13,236 shares in the company, valued at $2,715,497.76. The trade was a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

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.