Portside Wealth Group LLC Acquires 443 Shares of Williams-Sonoma, Inc. $WSM

Portside Wealth Group LLC boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 19.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,696 shares of the specialty retailer’s stock after purchasing an additional 443 shares during the quarter. Portside Wealth Group LLC’s holdings in Williams-Sonoma were worth $440,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of WSM. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Williams-Sonoma by 128.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock valued at $34,410,000 after purchasing an additional 122,180 shares during the last quarter. Arkadios Wealth Advisors acquired a new position in shares of Williams-Sonoma during the first quarter worth $309,000. Cetera Investment Advisers increased its holdings in shares of Williams-Sonoma by 13.9% during the first quarter. Cetera Investment Advisers now owns 15,080 shares of the specialty retailer’s stock worth $2,384,000 after buying an additional 1,846 shares in the last quarter. Ethic Inc. lifted its stake in shares of Williams-Sonoma by 153.7% in the 2nd quarter. Ethic Inc. now owns 12,279 shares of the specialty retailer’s stock valued at $2,016,000 after acquiring an additional 7,439 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its holdings in shares of Williams-Sonoma by 54.9% during the 2nd quarter. Soltis Investment Advisors LLC now owns 24,245 shares of the specialty retailer’s stock valued at $3,961,000 after acquiring an additional 8,592 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP David Randolph King sold 17,500 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the sale, the executive vice president owned 98,560 shares in the company, valued at $20,066,816. This represents a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the sale, the executive vice president directly owned 14,003 shares of the company’s stock, valued at $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 114,153 shares of company stock valued at $22,901,008. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on WSM shares. KeyCorp upped their target price on Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, August 25th. Telsey Advisory Group boosted their price target on Williams-Sonoma from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 14th. Gordon Haskett raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, July 23rd. Citigroup raised their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $199.94.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $174.62 on Thursday. The stock’s 50-day moving average is $192.90 and its 200 day moving average is $182.51. Williams-Sonoma, Inc. has a one year low of $130.07 and a one year high of $219.98. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 3.16 and a beta of 1.56.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.09. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. Williams-Sonoma’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s payout ratio is currently 29.04%.

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.