Western Wealth Management LLC Purchases Shares of 5,744 Williams-Sonoma, Inc. $WSM

Western Wealth Management LLC purchased a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the second quarter, Holdings Channel.com reports. The firm purchased 5,744 shares of the specialty retailer’s stock, valued at approximately $1,339,000.

Several other large investors have also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd raised its stake in Williams-Sonoma by 1,844.3% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 47,733 shares of the specialty retailer’s stock valued at $8,703,000 after acquiring an additional 45,278 shares during the period. Little House Capital LLC purchased a new position in shares of Williams-Sonoma during the 1st quarter valued at about $801,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Williams-Sonoma by 5,019.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 89,388 shares of the specialty retailer’s stock valued at $15,964,000 after purchasing an additional 87,642 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Williams-Sonoma during the fourth quarter valued at about $1,173,000. Finally, BNP Paribas Financial Markets increased its stake in Williams-Sonoma by 23.8% in the 4th quarter. BNP Paribas Financial Markets now owns 294,598 shares of the specialty retailer’s stock worth $52,612,000 after purchasing an additional 56,578 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, August 14th. TD Cowen reissued a “buy” rating on shares of Williams-Sonoma in a research report on Monday, August 10th. The Goldman Sachs Group restated a “buy” rating and issued a $261.00 price objective (up from $230.00) on shares of Williams-Sonoma in a report on Tuesday, August 11th. Bank of America reaffirmed a “buy” rating and set a $261.00 target price (up from $250.00) on shares of Williams-Sonoma in a research note on Monday. Finally, Morgan Stanley set a $210.00 price target on shares of Williams-Sonoma and gave the company an “equal weight” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has an average rating of “Moderate Buy” and a consensus target price of $234.11.

Insider Transactions at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 522 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $246.39, for a total transaction of $128,615.58. Following the completion of the sale, the executive vice president directly owned 20,195 shares in the company, valued at approximately $4,975,846.05. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,156 shares of company stock worth $738,699 in the last three months. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $234.74 on Wednesday. The company has a market cap of $27.64 billion, a P/E ratio of 26.29, a PEG ratio of 2.61 and a beta of 1.50. The stock’s fifty day moving average price is $232.78 and its 200-day moving average price is $208.00. Williams-Sonoma, Inc. has a 1 year low of $165.51 and a 1 year high of $254.89.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 34.04%.

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.