CIBC Asset Management Inc Has $5.16 Million Stake in Williams-Sonoma, Inc. $WSM

CIBC Asset Management Inc boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 80.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,886 shares of the specialty retailer’s stock after purchasing an additional 12,871 shares during the quarter. CIBC Asset Management Inc’s holdings in Williams-Sonoma were worth $5,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Atlantic Union Bankshares Corp raised its stake in Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Diversify Advisory Services LLC raised its stake in Williams-Sonoma by 1.8% in the 4th quarter. Diversify Advisory Services LLC now owns 2,878 shares of the specialty retailer’s stock worth $514,000 after purchasing an additional 51 shares in the last quarter. Sentry Investment Management LLC raised its stake in Williams-Sonoma by 25.1% in the 3rd quarter. Sentry Investment Management LLC now owns 274 shares of the specialty retailer’s stock worth $52,000 after purchasing an additional 55 shares in the last quarter. Fulton Bank N.A. raised its stake in Williams-Sonoma by 0.5% in the 4th quarter. Fulton Bank N.A. now owns 10,438 shares of the specialty retailer’s stock worth $1,864,000 after purchasing an additional 55 shares in the last quarter. Finally, Mutual Advisors LLC raised its stake in Williams-Sonoma by 4.2% in the 4th quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer’s stock worth $247,000 after purchasing an additional 56 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the subject of several analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Williams-Sonoma in a research note on Friday, May 22nd. Evercore set a $200.00 target price on shares of Williams-Sonoma in a research report on Tuesday, April 14th. Robert W. Baird dropped their target price on shares of Williams-Sonoma from $235.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. The Goldman Sachs Group upgraded shares of Williams-Sonoma from a “neutral” rating to a “buy” rating and boosted their target price for the company from $185.00 to $218.00 in a research report on Monday, April 13th. Finally, Royal Bank Of Canada set a $192.00 target price on shares of Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $209.06.

Insider Buying and Selling

In related news, CFO Jeffrey Howie sold 32,684 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $180.64, for a total transaction of $5,904,037.76. Following the completion of the transaction, the chief financial officer directly owned 34,138 shares in the company, valued at $6,166,688.32. This represents a 48.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Karalyn Yearout sold 2,267 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $192.49, for a total transaction of $436,374.83. Following the transaction, the executive vice president owned 23,351 shares of the company’s stock, valued at approximately $4,494,833.99. This represents a 8.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 106,370 shares of company stock worth $19,720,823 in the last three months. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Trading Down 1.5%

Shares of NYSE:WSM opened at $205.03 on Friday. The firm has a 50 day moving average of $188.39 and a 200-day moving average of $192.47. The stock has a market capitalization of $24.14 billion, a PE ratio of 22.96, a PEG ratio of 2.42 and a beta of 1.51. Williams-Sonoma, Inc. has a 12 month low of $152.20 and a 12 month high of $222.00.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 EPS. On average, research analysts predict that Williams-Sonoma, Inc. will post 9.34 EPS for the current fiscal year.

Williams-Sonoma Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, April 17th were given a dividend of $0.76 per share. The ex-dividend date was Friday, April 17th. This represents a $3.04 dividend on an annualized basis and a yield of 1.5%. This is a positive change from Williams-Sonoma’s previous quarterly dividend of $0.66. Williams-Sonoma’s dividend payout ratio is currently 29.56%.

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.