EFG Asset Management North America Corp. Has $1.57 Million Stock Position in Williams-Sonoma, Inc. $WSM

EFG Asset Management North America Corp. grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 59.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,632 shares of the specialty retailer’s stock after acquiring an additional 3,585 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Williams-Sonoma were worth $1,573,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC boosted its holdings in Williams-Sonoma by 22.4% in the 4th quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock valued at $1,248,000 after purchasing an additional 1,236 shares during the period. Bison Wealth LLC acquired a new stake in shares of Williams-Sonoma in the fourth quarter valued at approximately $227,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Williams-Sonoma in the first quarter valued at approximately $895,000. OneDigital Investment Advisors LLC grew its position in Williams-Sonoma by 27.3% during the first quarter. OneDigital Investment Advisors LLC now owns 2,621 shares of the specialty retailer’s stock worth $414,000 after buying an additional 562 shares in the last quarter. Finally, World Investment Advisors grew its position in Williams-Sonoma by 53.5% during the first quarter. World Investment Advisors now owns 2,296 shares of the specialty retailer’s stock worth $363,000 after buying an additional 800 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

Williams-Sonoma Stock Up 2.6%

Williams-Sonoma stock opened at $198.99 on Thursday. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98. The business’s 50-day moving average price is $194.68 and its two-hundred day moving average price is $179.95. The stock has a market cap of $24.23 billion, a PE ratio of 21.89, a P/E/G ratio of 3.16 and a beta of 1.56.

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

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be given a $0.66 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. UBS Group set a $200.00 price objective on Williams-Sonoma in a report on Thursday, August 28th. Evercore ISI decreased their price target on Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Argus set a $212.00 price target on Williams-Sonoma in a research note on Tuesday, September 2nd. Morgan Stanley upped their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Finally, Citigroup raised their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $198.56.

Insider Activity at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 3,500 shares of the firm’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the sale, the executive vice president owned 14,003 shares of the company’s stock, valued at $2,783,656.37. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 90,000 shares of the business’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 sale, the chief executive officer owned 876,927 shares in the company, valued at $175,534,477.59. This represents a 9.31% decrease in their position. 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 worth $22,901,008. Corporate insiders own 1.10% of the company’s stock.

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.