Private Wealth Asset Management LLC Grows Stock Holdings in Williams-Sonoma, Inc. $WSM

Private Wealth Asset Management LLC grew its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 4.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,965 shares of the specialty retailer’s stock after acquiring an additional 75 shares during the period. Private Wealth Asset Management LLC’s holdings in Williams-Sonoma were worth $321,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Parallel Advisors LLC boosted its holdings in Williams-Sonoma by 2.1% in the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer’s stock worth $493,000 after acquiring an additional 61 shares in the last quarter. Hemington Wealth Management raised its position in shares of Williams-Sonoma by 15.3% in the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer’s stock worth $76,000 after purchasing an additional 64 shares during the last quarter. TFB Advisors LLC boosted its stake in Williams-Sonoma by 5.5% in the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer’s stock worth $203,000 after purchasing an additional 67 shares in the last quarter. Groupe la Francaise boosted its stake in Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer’s stock worth $96,000 after purchasing an additional 67 shares in the last quarter. Finally, Graypoint LLC grew its position in Williams-Sonoma by 1.5% during the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer’s stock valued at $757,000 after purchasing an additional 69 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP David Randolph King sold 17,500 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the sale, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Laura Alber sold 90,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the sale, the chief executive officer owned 876,927 shares of the company’s stock, valued at $175,534,477.59. This trade represents a 9.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,153 shares of company stock valued at $22,901,008. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Price Performance

Shares of WSM opened at $190.19 on Thursday. The firm has a market capitalization of $23.16 billion, a P/E ratio of 20.92, a PEG ratio of 3.09 and a beta of 1.55. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The business has a fifty day moving average of $197.34 and a 200 day moving average of $174.83.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.21. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.Williams-Sonoma’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. Analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Analyst Ratings Changes

Several research analysts have issued reports on WSM shares. Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $170.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, August 25th. KeyCorp increased their target price on Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, August 25th. The Goldman Sachs Group upped their price target on Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. UBS Group set a $200.00 price objective on Williams-Sonoma in a research report on Thursday, August 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.56.

Williams-Sonoma Company 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.