Brighton Jones LLC Buys 78 Shares of Williams-Sonoma, Inc. $WSM

Brighton Jones LLC grew its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 1.3% during the second quarter, Holdings Channel.com reports. The fund owned 6,184 shares of the specialty retailer’s stock after purchasing an additional 78 shares during the quarter. Brighton Jones LLC’s holdings in Williams-Sonoma were worth $1,010,000 at the end of the most recent quarter.

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

Williams-Sonoma Trading Up 2.0%

NYSE WSM opened at $192.91 on Tuesday. The company has a fifty day simple moving average of $195.04 and a two-hundred day simple moving average of $177.34. The stock has a market cap of $23.49 billion, a P/E ratio of 21.22, a P/E/G ratio of 3.05 and a beta of 1.55. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98.

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

Williams-Sonoma Announces Dividend

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

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,153 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares of the company’s stock, valued at $6,787,999.92. This trade represents a 8.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Randolph King sold 17,500 shares of the firm’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the transaction, the executive vice president directly owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. This trade represents a 15.08% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

WSM has been the topic of a number of recent research reports. Telsey Advisory Group reiterated an “outperform” rating and set a $215.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Wells Fargo & Company increased their target price on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, August 25th. Morgan Stanley increased their target price on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Finally, Evercore ISI decreased their target price on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.56.

About Williams-Sonoma

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.