Kingsview Wealth Management LLC Sells 1,225 Shares of Williams-Sonoma, Inc. $WSM

Kingsview Wealth Management LLC decreased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 28.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,141 shares of the specialty retailer’s stock after selling 1,225 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Williams-Sonoma were worth $513,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in shares of Williams-Sonoma by 22.4% during the 4th quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock worth $1,248,000 after acquiring an additional 1,236 shares during the last quarter. Bison Wealth LLC purchased a new stake in Williams-Sonoma during the fourth quarter valued at about $227,000. Private Advisor Group LLC lifted its stake in Williams-Sonoma by 3.3% during the first quarter. Private Advisor Group LLC now owns 7,583 shares of the specialty retailer’s stock worth $1,199,000 after purchasing an additional 241 shares during the last quarter. Choreo LLC boosted its holdings in shares of Williams-Sonoma by 16.9% in the 1st quarter. Choreo LLC now owns 3,755 shares of the specialty retailer’s stock worth $594,000 after purchasing an additional 543 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Williams-Sonoma in the 1st quarter worth about $426,000. 99.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on WSM. Weiss Ratings cut Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Telsey Advisory Group reduced their price target on shares of Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Royal Bank Of Canada set a $206.00 target price on shares of Williams-Sonoma and gave the company an “outperform” rating in a report on Friday. Finally, KeyCorp lifted their target price on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $199.00.

Williams-Sonoma Price Performance

NYSE WSM opened at $178.00 on Friday. Williams-Sonoma, Inc. has a 1 year low of $130.07 and a 1 year high of $219.98. The stock has a market capitalization of $21.68 billion, a PE ratio of 19.58, a PEG ratio of 3.16 and a beta of 1.56. The business’s 50-day moving average is $191.90 and its 200 day moving average is $182.58.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.86 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.Williams-Sonoma’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.96 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, October 17th were paid a $0.66 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Insider Activity at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total value of $695,765.00. Following the completion of the transaction, the executive vice president directly owned 14,003 shares of the company’s stock, valued at $2,783,656.37. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction that occurred 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 sale, the chief executive officer directly owned 876,927 shares in the company, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is currently owned by insiders.

Williams-Sonoma Company 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.