Williams-Sonoma, Inc. $WSM Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 54.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,245 shares of the specialty retailer’s stock after buying an additional 8,592 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Williams-Sonoma were worth $3,961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. Vanguard Group Inc. boosted its position in shares of Williams-Sonoma by 21.8% during the first quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer’s stock worth $2,471,152,000 after buying an additional 2,797,562 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Williams-Sonoma by 34.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,436,839 shares of the specialty retailer’s stock worth $227,164,000 after acquiring an additional 365,718 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Williams-Sonoma by 31.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,076,959 shares of the specialty retailer’s stock valued at $170,267,000 after acquiring an additional 254,550 shares during the period. Nordea Investment Management AB boosted its holdings in Williams-Sonoma by 8.0% during the 2nd quarter. Nordea Investment Management AB now owns 816,176 shares of the specialty retailer’s stock valued at $133,029,000 after acquiring an additional 60,163 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in Williams-Sonoma by 740.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock valued at $96,664,000 after acquiring an additional 521,283 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 90,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Randolph King sold 17,500 shares of the stock in a transaction that occurred 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 directly owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 114,153 shares of company stock worth $22,901,008 over the last three months. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on WSM. Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a report on Wednesday, July 23rd. Argus set a $212.00 target price on Williams-Sonoma in a report on Tuesday, September 2nd. Morgan Stanley upped their price target on Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company increased their price target on Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $198.56.

Williams-Sonoma Stock Up 2.6%

WSM stock opened at $198.99 on Thursday. The business has a 50 day moving average price of $194.68 and a 200 day moving average price of $179.95. The stock has a market cap of $24.23 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 3.16 and a beta of 1.56. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business 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 EPS. The company’s revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

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.