Atria Investments Inc Makes New Investment in Williams-Sonoma, Inc. $WSM

Atria Investments Inc purchased a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,405 shares of the specialty retailer’s stock, valued at approximately $230,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock worth $1,248,000 after purchasing an additional 1,236 shares during the last quarter. Bison Wealth LLC purchased a new stake in Williams-Sonoma during the 4th quarter valued at $227,000. CWM LLC lifted its holdings in shares of Williams-Sonoma by 98.7% during the 1st quarter. CWM LLC now owns 5,543 shares of the specialty retailer’s stock valued at $876,000 after buying an additional 2,754 shares during the period. Edgestream Partners L.P. boosted its stake in shares of Williams-Sonoma by 530.3% in the 1st quarter. Edgestream Partners L.P. now owns 9,764 shares of the specialty retailer’s stock worth $1,544,000 after buying an additional 8,215 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Williams-Sonoma by 2.0% in the 1st quarter. Signaturefd LLC now owns 4,689 shares of the specialty retailer’s stock worth $741,000 after buying an additional 91 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WSM has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Argus set a $212.00 price target on Williams-Sonoma in a research note on Tuesday, September 2nd. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of Williams-Sonoma from $190.00 to $205.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, UBS Group set a $200.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Moderate Buy” and an average target price of $199.39.

Williams-Sonoma Trading Down 2.8%

Williams-Sonoma stock opened at $186.48 on Friday. Williams-Sonoma, Inc. has a 12-month low of $128.81 and a 12-month high of $219.98. The firm has a market capitalization of $22.71 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 3.16 and a beta of 1.56. The firm has a 50 day moving average of $194.74 and a 200 day moving average of $181.65.

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

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares of the company’s stock, valued at $6,787,999.92. This represents a 8.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma 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 sale, the executive vice president directly owned 14,003 shares in the company, valued at $2,783,656.37. This trade represents a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 114,153 shares of company stock valued at $22,901,008 over the last three months. Insiders own 1.10% of the company’s stock.

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.