Kingsview Wealth Management LLC Trims Holdings in Williams-Sonoma, Inc. $WSM

by · The Cerbat Gem

Kingsview Wealth Management LLC trimmed its holdings in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 28.1% in the 2nd quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Citizens Financial Group Inc. RI increased its stake in shares of Williams-Sonoma by 14.0% during the second quarter. Citizens Financial Group Inc. RI now owns 1,649 shares of the specialty retailer’s stock valued at $269,000 after purchasing an additional 202 shares in the last quarter. Cetera Investment Advisers increased its position in Williams-Sonoma by 157.9% during the 2nd quarter. Cetera Investment Advisers now owns 38,891 shares of the specialty retailer’s stock valued at $6,354,000 after buying an additional 23,811 shares in the last quarter. Creative Planning increased its position in Williams-Sonoma by 9.9% during the 2nd quarter. Creative Planning now owns 33,030 shares of the specialty retailer’s stock valued at $5,396,000 after buying an additional 2,966 shares in the last quarter. SG Americas Securities LLC raised its stake in Williams-Sonoma by 1,705.3% during the second quarter. SG Americas Securities LLC now owns 118,371 shares of the specialty retailer’s stock valued at $19,338,000 after buying an additional 111,814 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Williams-Sonoma by 7.1% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,152 shares of the specialty retailer’s stock worth $4,926,000 after acquiring an additional 2,001 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WSM shares. Weiss Ratings downgraded Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. KeyCorp raised their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, August 25th. UBS Group set a $175.00 target price on shares of Williams-Sonoma and gave the stock a “neutral” rating in a report on Thursday. Wells Fargo & Company increased their price target on shares of Williams-Sonoma from $190.00 to $205.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $199.00.

Check Out Our Latest Report on WSM

Williams-Sonoma Price Performance

WSM stock opened at $178.00 on Friday. 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, Inc. has a 1 year low of $130.07 and a 1 year high of $219.98. The stock’s fifty day moving average price is $191.90 and its 200-day moving average price is $182.58.

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

Williams-Sonoma Announces Dividend

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

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total value of $695,765.00. Following the transaction, the executive vice president directly owned 14,003 shares in the company, valued at approximately $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Randolph King sold 17,500 shares of the business’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 sale, the executive vice president directly owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Profile

(Free Report)

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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