Palumbo Wealth Management LLC Takes Position in Williams-Sonoma, Inc. $WSM

Palumbo Wealth Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 23,603 shares of the specialty retailer’s stock, valued at approximately $4,608,000. Williams-Sonoma comprises about 1.2% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 23rd biggest position.

Several other large investors also recently bought and sold shares of WSM. Groupe la Francaise increased its stake in Williams-Sonoma by 8.2% during the 2nd quarter. Groupe la Francaise now owns 631 shares of the specialty retailer’s stock valued at $103,000 after purchasing an additional 48 shares in the last quarter. Sentry Investment Management LLC grew its holdings in shares of Williams-Sonoma by 25.1% during the third quarter. Sentry Investment Management LLC now owns 274 shares of the specialty retailer’s stock valued at $52,000 after buying an additional 55 shares during the last quarter. Elyxium Wealth LLC grew its holdings in shares of Williams-Sonoma by 0.4% during the third quarter. Elyxium Wealth LLC now owns 16,099 shares of the specialty retailer’s stock valued at $3,146,000 after buying an additional 57 shares during the last quarter. Eukles Asset Management increased its position in shares of Williams-Sonoma by 0.5% in the 3rd quarter. Eukles Asset Management now owns 12,575 shares of the specialty retailer’s stock valued at $2,458,000 after acquiring an additional 60 shares during the period. Finally, Stratos Wealth Partners LTD. raised its stake in Williams-Sonoma by 5.0% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,293 shares of the specialty retailer’s stock worth $253,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Down 5.9%

Williams-Sonoma stock opened at $202.21 on Tuesday. The business’s 50-day moving average price is $202.50 and its 200 day moving average price is $195.78. The firm has a market cap of $24.14 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 3.22 and a beta of 1.64. Williams-Sonoma, Inc. has a 52 week low of $130.07 and a 52 week high of $222.00.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, January 16th were issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, January 16th. Williams-Sonoma’s payout ratio is 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 35,000 shares of Williams-Sonoma stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total value of $7,258,650.00. Following the completion of the transaction, the chief executive officer owned 806,537 shares of the company’s stock, valued at approximately $167,267,708.43. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karalyn Yearout sold 767 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $205.16, for a total transaction of $157,357.72. Following the completion of the transaction, the executive vice president owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This trade represents a 5.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 47,928 shares of company stock valued at $9,618,000. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

WSM has been the topic of several research analyst reports. UBS Group set a $175.00 price target on Williams-Sonoma and gave the company a “neutral” rating in a research note on Thursday, November 20th. Royal Bank Of Canada set a $206.00 target price on Williams-Sonoma and gave the stock an “outperform” rating in a report on Friday, November 21st. Weiss Ratings upgraded Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. TD Cowen reissued a “buy” rating and set a $245.00 price target (up from $210.00) on shares of Williams-Sonoma in a research report on Tuesday, January 20th. Finally, Evercore set a $215.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $202.11.

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.