Western Wealth Management LLC purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,744 shares of the specialty retailer’s stock, valued at approximately $1,339,000.
Several other large investors have also bought and sold shares of WSM. BlackRock Inc. bought a new position in Williams-Sonoma during the second quarter worth about $2,656,062,000. Aristotle Capital Management LLC grew its holdings in Williams-Sonoma by 22.0% during the first quarter. Aristotle Capital Management LLC now owns 11,140,471 shares of the specialty retailer’s stock valued at $2,031,242,000 after purchasing an additional 2,009,032 shares during the period. Norges Bank bought a new stake in Williams-Sonoma in the fourth quarter valued at approximately $316,920,000. Boston Partners acquired a new stake in Williams-Sonoma in the third quarter worth $254,778,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Williams-Sonoma during the second quarter worth $188,603,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on WSM shares. Wells Fargo & Company boosted their target price on Williams-Sonoma from $190.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 11th. TD Cowen restated a “buy” rating on shares of Williams-Sonoma in a report on Monday, August 10th. Argus set a $230.00 price objective on Williams-Sonoma in a report on Friday, May 29th. Royal Bank Of Canada increased their price objective on shares of Williams-Sonoma from $192.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Piper Sandler began coverage on Williams-Sonoma in a report on Monday, July 27th. They set an “overweight” rating and a $253.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued 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. The company has a market capitalization of $27.64 billion, a PE ratio of 26.29, a price-to-earnings-growth ratio of 2.61 and a beta of 1.50. The firm has a 50 day moving average price of $232.78 and a two-hundred day moving average price of $208.00. Williams-Sonoma, Inc. has a 12-month low of $165.51 and a 12-month high of $254.89.
Williams-Sonoma Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, July 17th were paid a $0.76 dividend. The ex-dividend date was Friday, July 17th. This represents a $3.04 annualized dividend and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 34.04%.
Insider Activity
In other news, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction on Monday, June 15th. The stock was 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 directly owned 21,717 shares in the company, valued at approximately $4,962,117.33. This represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,156 shares of company stock worth $738,699 in 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.
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