Peapack Gladstone Financial Corp Has $3.36 Million Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Peapack Gladstone Financial Corp grew its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 89.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,707 shares of the specialty retailer’s stock after acquiring an additional 10,278 shares during the period. Peapack Gladstone Financial Corp’s holdings in Williams-Sonoma were worth $3,363,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in WSM. Synovus Financial Corp increased its holdings in Williams-Sonoma by 132.2% in the third quarter. Synovus Financial Corp now owns 6,893 shares of the specialty retailer’s stock worth $1,068,000 after purchasing an additional 3,924 shares in the last quarter. Tidal Investments LLC grew its position in shares of Williams-Sonoma by 137.4% during the 3rd quarter. Tidal Investments LLC now owns 4,382 shares of the specialty retailer’s stock worth $679,000 after buying an additional 2,536 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of Williams-Sonoma by 457.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 10,344 shares of the specialty retailer’s stock valued at $1,602,000 after acquiring an additional 8,490 shares in the last quarter. World Investment Advisors LLC acquired a new position in shares of Williams-Sonoma during the 3rd quarter valued at $23,123,000. Finally, Sanctuary Advisors LLC boosted its stake in Williams-Sonoma by 97.0% during the third quarter. Sanctuary Advisors LLC now owns 42,789 shares of the specialty retailer’s stock worth $7,359,000 after acquiring an additional 21,066 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the transaction, the chief executive officer now owns 990,956 shares in the company, valued at approximately $129,309,848.44. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,160 shares of company stock worth $11,590,952. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

WSM has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Telsey Advisory Group upped their price target on Williams-Sonoma from $165.00 to $190.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. TD Cowen upped their target price on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Robert W. Baird cut their target price on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Friday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and a consensus target price of $154.41.

Williams-Sonoma Trading Up 2.2 %

Shares of Williams-Sonoma stock opened at $195.63 on Friday. The business’s fifty day simple moving average is $153.19 and its 200 day simple moving average is $147.96. Williams-Sonoma, Inc. has a 12 month low of $95.76 and a 12 month high of $198.70. The firm has a market capitalization of $24.08 billion, a P/E ratio of 23.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.81.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, January 17th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Friday, January 17th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 26.97%.

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.