EFG International AG purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 59,907 shares of the specialty retailer’s stock, valued at approximately $13,961,000.
Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Williams-Sonoma by 22.4% during the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock worth $1,248,000 after acquiring an additional 1,236 shares during the period. Bison Wealth LLC bought a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $227,000. Woodline Partners LP acquired a new stake in Williams-Sonoma during the 1st quarter worth approximately $1,644,000. Guggenheim Capital LLC boosted its stake in Williams-Sonoma by 9.0% in the 2nd quarter. Guggenheim Capital LLC now owns 4,153 shares of the specialty retailer’s stock valued at $678,000 after purchasing an additional 342 shares during the period. Finally, Brown Advisory Inc. boosted its stake in Williams-Sonoma by 5.9% in the 2nd quarter. Brown Advisory Inc. now owns 4,631 shares of the specialty retailer’s stock valued at $757,000 after purchasing an additional 260 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
WSM has been the topic of several recent research reports. Wells Fargo & Company increased their price objective on Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 11th. Telsey Advisory Group boosted their target price on shares of Williams-Sonoma from $225.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Piper Sandler started coverage on shares of Williams-Sonoma in a research note on Monday, July 27th. They issued an “overweight” rating and a $253.00 price target on the stock. Bank of America reaffirmed a “buy” rating and set a $261.00 price target (up from $250.00) on shares of Williams-Sonoma in a research report on Monday. Finally, Barclays set a $190.00 price objective on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $234.11.
Williams-Sonoma Stock Down 1.3%
Shares of WSM stock opened at $234.74 on Wednesday. Williams-Sonoma, Inc. has a twelve month low of $165.51 and a twelve month high of $254.89. The company has a market cap of $27.64 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.61 and a beta of 1.50. The business has a fifty day simple moving average of $232.78 and a 200 day simple moving average of $208.00.
Williams-Sonoma Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $3.04 annualized dividend and a yield of 1.3%. Williams-Sonoma’s payout ratio is presently 34.04%.
Insider Activity at Williams-Sonoma
In other news, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the transaction, the executive vice president owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,156 shares of company stock valued at $738,699 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
Williams-Sonoma Company Profile
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.
Recommended Stories
- Five stocks we like better than Williams-Sonoma
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.
