Portside Wealth Group LLC Raises Stake in Williams-Sonoma, Inc. $WSM

Portside Wealth Group LLC increased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 19.7% in the second quarter, Holdings Channel.com reports. The fund owned 2,696 shares of the specialty retailer’s stock after acquiring an additional 443 shares during the quarter. Portside Wealth Group LLC’s holdings in Williams-Sonoma were worth $440,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Maseco LLP bought a new position in Williams-Sonoma in the 2nd quarter valued at $26,000. Quarry LP increased its holdings in shares of Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 99 shares during the period. Costello Asset Management INC bought a new position in shares of Williams-Sonoma in the first quarter worth $32,000. Richardson Financial Services Inc. purchased a new stake in shares of Williams-Sonoma in the second quarter worth $48,000. Finally, Cromwell Holdings LLC boosted its stake in Williams-Sonoma by 7,675.0% during the second quarter. Cromwell Holdings LLC now owns 311 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 307 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the transaction, the executive vice president owned 98,560 shares in the company, valued at approximately $20,066,816. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction dated Wednesday, September 24th. The stock was 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. The trade was a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently commented on WSM shares. The Goldman Sachs Group boosted their price objective on Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. JPMorgan Chase & Co. lifted their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Wells Fargo & Company boosted their price target on shares of Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Royal Bank Of Canada increased their price target on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $199.94.

Williams-Sonoma Stock Performance

Shares of WSM stock opened at $174.62 on Thursday. Williams-Sonoma, Inc. has a fifty-two week low of $130.07 and a fifty-two week high of $219.98. The stock has a 50 day moving average price of $192.90 and a two-hundred day moving average price of $182.51. The company has a market capitalization of $21.27 billion, a P/E ratio of 19.21, a PEG ratio of 3.16 and a beta of 1.56.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, November 19th. The specialty retailer reported $1.96 EPS for the quarter, beating the consensus estimate of $1.87 by $0.09. The firm had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.86 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

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

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.