Prime Capital Investment Advisors LLC Cuts Position in Williams-Sonoma, Inc. $WSM

Prime Capital Investment Advisors LLC trimmed its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 22.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,228 shares of the specialty retailer’s stock after selling 644 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Williams-Sonoma were worth $364,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Belpointe Asset Management LLC purchased a new stake in Williams-Sonoma during the second quarter valued at about $213,000. Clarius Group LLC boosted its position in Williams-Sonoma by 7.8% during the second quarter. Clarius Group LLC now owns 2,089 shares of the specialty retailer’s stock valued at $341,000 after buying an additional 151 shares during the period. Impact Investors Inc boosted its position in Williams-Sonoma by 1.1% during the second quarter. Impact Investors Inc now owns 8,892 shares of the specialty retailer’s stock valued at $1,453,000 after buying an additional 101 shares during the period. QRG Capital Management Inc. boosted its position in Williams-Sonoma by 5.1% during the second quarter. QRG Capital Management Inc. now owns 9,447 shares of the specialty retailer’s stock valued at $1,543,000 after buying an additional 462 shares during the period. Finally, Precedent Wealth Partners LLC boosted its position in Williams-Sonoma by 14.3% during the second quarter. Precedent Wealth Partners LLC now owns 17,061 shares of the specialty retailer’s stock valued at $2,787,000 after buying an additional 2,133 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the transaction, the executive vice president owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the transaction, the chief executive officer directly owned 876,927 shares of the company’s stock, valued at $175,534,477.59. This represents a 9.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,153 shares of company stock worth $27,946,408 over the last three months. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. KeyCorp upped their price target on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, August 25th. UBS Group set a $200.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 28th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a research report on Wednesday, July 23rd. Argus set a $212.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, September 2nd. Finally, Morgan Stanley upped their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $199.11.

Williams-Sonoma Trading Down 4.2%

Shares of NYSE:WSM opened at $181.42 on Friday. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.55. The company has a 50-day moving average price of $198.04 and a 200-day moving average price of $174.32.

Williams-Sonoma (NYSE:WSM) last released 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. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the firm earned $1.74 earnings per share. Williams-Sonoma’s revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Williams-Sonoma 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.