Kingswood Wealth Advisors LLC Sells 4,160 Shares of Williams-Sonoma, Inc. $WSM

Kingswood Wealth Advisors LLC cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 74.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,439 shares of the specialty retailer’s stock after selling 4,160 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Williams-Sonoma were worth $235,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Maseco LLP bought a new position in Williams-Sonoma during the 2nd quarter valued at $26,000. Quarry LP lifted its stake in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 99 shares in the last quarter. Costello Asset Management INC bought a new position in Williams-Sonoma during the 1st quarter valued at $32,000. Wayfinding Financial LLC bought a new position in Williams-Sonoma during the 1st quarter valued at $35,000. Finally, Golden State Wealth Management LLC lifted its stake in Williams-Sonoma by 123.6% during the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer’s stock valued at $39,000 after acquiring an additional 136 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $181.42 on Friday. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The stock’s 50-day simple moving average is $198.04 and its 200 day simple moving average is $174.32. The stock has a market capitalization of $22.10 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.93 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the business posted $1.74 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be paid a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, October 17th. Williams-Sonoma’s payout ratio is currently 29.04%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WSM shares. Weiss Ratings restated a “buy (b-)” rating on shares of Williams-Sonoma in a research note on Wednesday. Citigroup lifted their target price on Williams-Sonoma from $162.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Wednesday, July 23rd. The Goldman Sachs Group lifted their target price on Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, KeyCorp lifted their target price on Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $199.11.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the completion of the transaction, the chief executive officer owned 876,927 shares of the company’s stock, valued at $175,534,477.59. The trade was a 9.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total value of $695,765.00. Following the transaction, the executive vice president directly owned 14,003 shares of the company’s stock, valued at $2,783,656.37. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,153 shares of company stock valued at $27,946,408. 1.10% of the stock is currently owned by insiders.

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.