3,441 Shares in Williams-Sonoma, Inc. $WSM Bought by Brookstone Capital Management

Brookstone Capital Management purchased a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,441 shares of the specialty retailer’s stock, valued at approximately $627,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. SG Americas Securities LLC raised its stake in Williams-Sonoma by 60.0% during the 1st quarter. SG Americas Securities LLC now owns 34,223 shares of the specialty retailer’s stock valued at $6,240,000 after acquiring an additional 12,840 shares during the last quarter. Center For Asset Management LLC raised its stake in Williams-Sonoma by 4.1% in the 1st quarter. Center For Asset Management LLC now owns 3,589 shares of the specialty retailer’s stock valued at $655,000 after purchasing an additional 143 shares during the last quarter. Evexia Wealth LLC lifted its stake in shares of Williams-Sonoma by 10.5% during the 1st quarter. Evexia Wealth LLC now owns 47,722 shares of the specialty retailer’s stock worth $9,235,000 after purchasing an additional 4,520 shares during the period. E. Ohman J or Asset Management AB increased its position in Williams-Sonoma by 9.0% during the first quarter. E. Ohman J or Asset Management AB now owns 6,036 shares of the specialty retailer’s stock worth $1,101,000 after purchasing an additional 500 shares during the last quarter. Finally, Westmount Partners LLC raised its holdings in shares of Williams-Sonoma by 4.3% in the 1st quarter. Westmount Partners LLC now owns 6,598 shares of the specialty retailer’s stock worth $1,203,000 after purchasing an additional 269 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Activity

In other Williams-Sonoma news, EVP Karalyn Yearout sold 2,267 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $192.49, for a total transaction of $436,374.83. Following the completion of the sale, the executive vice president owned 23,351 shares of the company’s stock, valued at $4,494,833.99. This represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Howie sold 1,419 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $188.45, for a total transaction of $267,410.55. Following the sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,433,306.10. This represents a 3.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 55,320 shares of company stock worth $10,516,069. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on WSM shares. The Goldman Sachs Group upgraded Williams-Sonoma from a “neutral” rating to a “buy” rating and upped their price target for the stock from $185.00 to $218.00 in a report on Monday, April 13th. Morgan Stanley set a $210.00 target price on Williams-Sonoma and gave the company an “equal weight” rating in a report on Friday, May 22nd. Wells Fargo & Company set a $190.00 target price on Williams-Sonoma and gave the company an “equal weight” rating in a research report on Friday, May 22nd. TD Cowen decreased their price objective on shares of Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, March 19th. Finally, Evercore set a $200.00 price target on shares of Williams-Sonoma in a report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.47.

Williams-Sonoma Trading Down 0.4%

Shares of NYSE WSM opened at $239.02 on Friday. The business has a 50-day moving average price of $200.25 and a two-hundred day moving average price of $197.22. Williams-Sonoma, Inc. has a one year low of $161.63 and a one year high of $244.65. The firm has a market capitalization of $28.14 billion, a PE ratio of 26.77, a PEG ratio of 2.62 and a beta of 1.51.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts anticipate that Williams-Sonoma, Inc. will post 9.39 EPS for the current year.

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 17th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 22.17%.

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.