Williams-Sonoma, Inc. $WSM Shares Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC raised its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,884 shares of the specialty retailer’s stock after buying an additional 3,955 shares during the quarter. Advisors Capital Management LLC owned about 0.20% of Williams-Sonoma worth $39,190,000 at the end of the most recent reporting period.

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

Williams-Sonoma Price Performance

NYSE:WSM opened at $186.48 on Friday. The business’s 50-day moving average is $194.74 and its two-hundred day moving average is $181.65. The firm has a market capitalization of $22.71 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56. Williams-Sonoma, Inc. has a 12 month low of $128.81 and a 12 month high of $219.98.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating 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 return on equity of 54.47% and a net margin of 14.54%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WSM. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams-Sonoma in a research note on Wednesday, October 8th. KeyCorp boosted their price target on Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, August 25th. Telsey Advisory Group reissued an “outperform” rating and set a $215.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 28th. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective on the stock in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada upped their target price on Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $199.39.

Insider Activity

In related news, CEO Laura Alber sold 90,000 shares of the firm’s stock in a transaction on 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 directly owned 876,927 shares of the company’s stock, valued at approximately $175,534,477.59. This trade represents a 9.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction on Monday, September 8th. The stock was 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 in the company, valued at $20,066,816. This trade represents a 15.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 114,153 shares of company stock worth $22,901,008. Company 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.