Precedent Wealth Partners LLC Purchases 2,133 Shares of Williams-Sonoma, Inc. $WSM

Key Points

• Precedent Wealth Partners LLC increased its holdings in Williams-Sonoma, Inc. by 14.3%, acquiring an additional 2,133 shares during the second quarter, bringing their total ownership to 17,061 shares valued at $2.79 million.
• Williams-Sonoma's stock opened at $199.29, with a 12-month trading range between $125.33 and $219.98, reflecting a market capitalization of $24.27 billion.
• The company recently reported Q2 earnings of $2.00 EPS, surpassing analyst estimates and revealing a revenue increase of 2.7% year-over-year, along with a quarterly dividend of $0.66.

Precedent Wealth Partners LLC lifted its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 14.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,061 shares of the specialty retailer's stock after buying an additional 2,133 shares during the period. Precedent Wealth Partners LLC's holdings in Williams-Sonoma were worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in WSM. Brighton Jones LLC lifted its stake in shares of Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer's stock worth $1,248,000 after buying an additional 1,236 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Williams-Sonoma in the fourth quarter worth approximately $227,000. Merit Financial Group LLC raised its holdings in shares of Williams-Sonoma by 7.2% during the first quarter. Merit Financial Group LLC now owns 7,656 shares of the specialty retailer's stock valued at $1,210,000 after purchasing an additional 517 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $32,000. Finally, Curat Global LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $1,423,000. Institutional investors own 99.29% of the company's stock.

Williams-Sonoma Trading Up 1.6%

Shares of WSM stock opened at $199.29 on Friday. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The stock has a market cap of $24.27 billion, a P/E ratio of 21.92, a P/E/G ratio of 3.16 and a beta of 1.55. The company has a 50 day simple moving average of $197.90 and a two-hundred day simple moving average of $173.48.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, beating 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 business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the prior year, the company earned $1.74 earnings per share. The firm'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, equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a $0.66 dividend. 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 1.3%. Williams-Sonoma's dividend payout ratio is 29.04%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WSM. Argus set a $212.00 price objective on shares of Williams-Sonoma in a report on Tuesday, September 2nd. KeyCorp boosted their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, August 25th. Weiss Ratings reissued a "buy (b-)" rating on shares of Williams-Sonoma in a report on Saturday, September 27th. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $199.11.

Insider Activity

In other news, CEO Laura Alber sold 90,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares of the company's stock, valued at approximately $20,066,816. This trade represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,153 shares of company stock valued at $27,946,408. 1.10% of the stock is currently owned by company insiders.

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.

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