Envestnet Asset Management Inc. Has $75.67 Million Stake in Williams-Sonoma, Inc. $WSM

Envestnet Asset Management Inc. lifted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 5.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,163 shares of the specialty retailer’s stock after acquiring an additional 18,752 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.32% of Williams-Sonoma worth $75,671,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. True Wealth Design LLC increased its stake in shares of Williams-Sonoma by 111.8% in the third quarter. True Wealth Design LLC now owns 144 shares of the specialty retailer’s stock valued at $28,000 after buying an additional 76 shares in the last quarter. Vermillion & White Wealth Management Group LLC grew its holdings in Williams-Sonoma by 130.8% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer’s stock worth $29,000 after acquiring an additional 102 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in Williams-Sonoma by 57.2% during the 3rd quarter. Parkside Financial Bank & Trust now owns 228 shares of the specialty retailer’s stock worth $45,000 after acquiring an additional 83 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Williams-Sonoma in the 3rd quarter valued at about $48,000. Finally, SJS Investment Consulting Inc. raised its stake in shares of Williams-Sonoma by 1,236.8% in the third quarter. SJS Investment Consulting Inc. now owns 254 shares of the specialty retailer’s stock worth $50,000 after acquiring an additional 235 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on WSM. Telsey Advisory Group decreased their price target on shares of Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Citigroup reduced their price objective on Williams-Sonoma from $202.00 to $188.00 and set a “neutral” rating on the stock in a report on Thursday, November 20th. Zelman & Associates raised Williams-Sonoma from an “underperform” rating to a “neutral” rating and set a $205.00 target price for the company in a research note on Thursday, January 29th. Wells Fargo & Company boosted their target price 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. Finally, Evercore raised their price target on Williams-Sonoma from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $201.83.

Williams-Sonoma Stock Up 3.9%

Shares of Williams-Sonoma stock opened at $220.81 on Monday. The business has a fifty day simple moving average of $195.81 and a 200 day simple moving average of $194.16. The stock has a market cap of $26.36 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 3.31 and a beta of 1.64. Williams-Sonoma, Inc. has a 12 month low of $130.07 and a 12 month high of $221.81.

Williams-Sonoma (NYSE:WSM) last posted its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.09. The company 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 53.10% and a net margin of 14.30%.The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 EPS. Analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, January 16th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, January 16th. Williams-Sonoma’s dividend payout ratio is presently 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 767 shares of Williams-Sonoma stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total transaction of $157,357.72. Following the transaction, the executive vice president directly owned 13,236 shares of the company’s stock, valued at $2,715,497.76. This trade represents a 5.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the business’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the completion of the transaction, the chief executive officer directly owned 806,537 shares of the company’s stock, valued at $167,267,708.43. This trade represents a 4.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 65,767 shares of company stock worth $12,802,440. Company insiders own 1.10% of the company’s stock.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.