Belpointe Asset Management LLC Makes New Investment in Williams-Sonoma, Inc. $WSM

Belpointe Asset Management LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,301 shares of the specialty retailer’s stock, valued at approximately $213,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Maseco LLP bought a new stake in Williams-Sonoma during the 2nd quarter worth approximately $26,000. Quarry LP grew its holdings in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 99 shares during the last quarter. Costello Asset Management INC bought a new stake in Williams-Sonoma during the 1st quarter worth approximately $32,000. Wayfinding Financial LLC bought a new stake in Williams-Sonoma during the 1st quarter worth approximately $35,000. Finally, Golden State Wealth Management LLC grew its holdings in Williams-Sonoma by 123.6% during the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 136 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Williams-Sonoma Stock Down 4.2%

Shares of NYSE WSM opened at $181.42 on Friday. The firm has a market cap of $22.10 billion, a PE ratio of 19.96, a P/E/G ratio of 2.93 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. The company’s fifty day simple moving average is $198.04 and its 200 day simple moving average is $174.32.

Williams-Sonoma (NYSE:WSM) last issued its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.21. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates 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 was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

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

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the company’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 represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total transaction of $626,942.52. Following the transaction, the chief financial officer owned 34,138 shares in the company, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 144,153 shares of company stock worth $27,946,408. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WSM. The Goldman Sachs Group boosted their target price on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, August 25th. Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a research note on Wednesday, July 23rd. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams-Sonoma in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.11.

About Williams-Sonoma

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.