Providence Wealth Advisors LLC Invests $165,000 in Williams-Sonoma, Inc. $WSM

Providence Wealth Advisors LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,010 shares of the specialty retailer’s stock, valued at approximately $165,000.

Several other hedge funds have also recently made changes to their positions in the company. Cynosure Group LLC lifted its position in Williams-Sonoma by 41.9% during the 2nd quarter. Cynosure Group LLC now owns 2,628 shares of the specialty retailer’s stock worth $429,000 after acquiring an additional 776 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Williams-Sonoma by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,090,811 shares of the specialty retailer’s stock worth $178,206,000 after purchasing an additional 13,852 shares during the period. American Century Companies Inc. lifted its holdings in shares of Williams-Sonoma by 31.4% during the second quarter. American Century Companies Inc. now owns 444,165 shares of the specialty retailer’s stock worth $72,563,000 after purchasing an additional 106,040 shares during the period. Mufg Securities Americas Inc. boosted its position in Williams-Sonoma by 25.1% in the second quarter. Mufg Securities Americas Inc. now owns 2,725 shares of the specialty retailer’s stock valued at $445,000 after buying an additional 546 shares during the last quarter. Finally, Journey Strategic Wealth LLC acquired a new position in Williams-Sonoma in the 2nd quarter worth approximately $202,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the 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 directly owned 98,560 shares of the company’s stock, valued at $20,066,816. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the completion of the sale, the chief executive officer owned 876,927 shares in the company, valued at approximately $175,534,477.59. This trade represents a 9.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 114,153 shares of company stock worth $22,901,008. Corporate insiders own 1.10% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $178.00 on Friday. The firm has a 50-day simple moving average of $191.90 and a two-hundred day simple moving average of $182.78. Williams-Sonoma, Inc. has a fifty-two week low of $130.07 and a fifty-two week high of $219.98. The company has a market cap of $21.68 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.09. The firm 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.96 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WSM shares. Weiss Ratings cut shares of Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, November 17th. UBS Group set a $175.00 price objective on shares of Williams-Sonoma and gave the stock a “neutral” rating in a research note on Thursday. Evercore ISI decreased their target price on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. TD Cowen lowered their price target on shares of Williams-Sonoma from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company increased their price target on Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.00.

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.