Western Wealth Management LLC Purchases Shares of 5,642 Williams-Sonoma, Inc. $WSM

Western Wealth Management LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,642 shares of the specialty retailer’s stock, valued at approximately $1,029,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Williams-Sonoma in the 4th quarter worth $25,000. Atlantic Union Bankshares Corp grew its position in Williams-Sonoma by 51.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 50 shares during the period. MidFirst Bank purchased a new stake in Williams-Sonoma during the fourth quarter valued at about $30,000. Millstone Evans Group LLC grew its position in Williams-Sonoma by 229.4% during the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 117 shares during the period. Finally, DV Equities LLC acquired a new stake in Williams-Sonoma during the fourth quarter worth about $31,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Price Performance

Shares of NYSE WSM opened at $228.89 on Monday. Williams-Sonoma, Inc. has a 1-year low of $165.51 and a 1-year high of $244.65. The business has a 50-day moving average of $221.01 and a 200-day moving average of $203.94. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 2.51 and a beta of 1.50.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The company’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. Research analysts expect that Williams-Sonoma, Inc. will post 9.38 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s payout ratio is presently 34.04%.

Insiders Place Their Bets

In related news, EVP Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock in a transaction on Monday, June 15th. The shares were sold at an average price of $228.49, for a total transaction of $254,080.88. Following the sale, the executive vice president owned 21,717 shares of the company’s stock, valued at $4,962,117.33. The trade was a 4.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $172.61, for a total transaction of $3,452,200.00. Following the sale, the chief executive officer directly owned 938,524 shares in the company, valued at $161,998,627.64. This trade represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 36,634 shares of company stock worth $6,812,283. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of research reports. Citigroup cut their price objective on Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. Morgan Stanley set a $210.00 target price on Williams-Sonoma and gave the stock an “equal weight” rating in a report on Friday, May 22nd. Bank of America began coverage on shares of Williams-Sonoma in a research report on Friday, June 12th. They set a “buy” rating and a $250.00 target price for the company. Royal Bank Of Canada set a $192.00 price target on shares of Williams-Sonoma and gave the company an “outperform” rating in a report on Friday, May 22nd. Finally, Barclays set a $190.00 price target on shares of Williams-Sonoma and gave the company an “equal weight” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Williams-Sonoma currently has an average rating of “Moderate Buy” and an average target price of $215.47.

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.