Williams-Sonoma, Inc. $WSM Position Increased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Williams-Sonoma by 272.3% during the second quarter, raising its ownership to 9,240 shares, valued at $1.51 million.
• Wall Street analysts have varying outlooks for Williams-Sonoma, with price targets ranging from $200.00 to $213.00, reflecting a general consensus of a "Moderate Buy" rating and an average price target of $198.56.
• The firm declared a quarterly dividend of $0.66 per share, with an annualized dividend yield of 1.4%, highlighting its commitment to return value to shareholders.

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 272.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,240 shares of the specialty retailer's stock after buying an additional 6,758 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Williams-Sonoma were worth $1,510,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its holdings in Williams-Sonoma by 2.1% during the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after buying an additional 61 shares in the last quarter. Hemington Wealth Management boosted its stake in Williams-Sonoma by 15.3% in the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after purchasing an additional 64 shares during the period. TFB Advisors LLC boosted its stake in Williams-Sonoma by 5.5% in the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after purchasing an additional 67 shares during the period. Groupe la Francaise boosted its stake in Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock worth $96,000 after purchasing an additional 67 shares during the period. Finally, Graypoint LLC boosted its stake in Williams-Sonoma by 1.5% in the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after purchasing an additional 69 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WSM. Citigroup raised their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Williams-Sonoma in a research note on Wednesday, October 8th. Evercore ISI decreased their price objective on shares of Williams-Sonoma from $210.00 to $200.00 and set an "in-line" rating for the company in a research note on Tuesday. Royal Bank Of Canada raised their price objective on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group lifted their target price on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Two research 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 stock. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of "Moderate Buy" and a consensus price target of $198.56.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP David Randolph King sold 17,500 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the transaction, the executive vice president owned 98,560 shares in the company, valued at approximately $20,066,816. This trade represents a 15.08% decrease in their position. 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 firm's stock in a transaction 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 transaction, the executive vice president owned 14,003 shares in the company, valued at $2,783,656.37. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,153 shares of company stock worth $22,901,008 over the last quarter. Company insiders own 1.10% of the company's stock.

Williams-Sonoma Stock Down 1.0%

Shares of NYSE:WSM opened at $185.65 on Friday. The firm has a fifty day moving average of $196.82 and a two-hundred day moving average of $175.22. The firm has a market capitalization of $22.61 billion, a P/E ratio of 20.42, a price-to-earnings-growth ratio of 3.03 and a beta of 1.55. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.21. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. Williams-Sonoma's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. 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.

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