Elevation Point Wealth Partners LLC Invests $705,000 in Williams-Sonoma, Inc. $WSM

Elevation Point Wealth Partners LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,867 shares of the specialty retailer’s stock, valued at approximately $705,000.

Several other large investors also recently added to or reduced their stakes in the business. Keybank National Association OH raised its holdings in Williams-Sonoma by 8.8% in the 1st quarter. Keybank National Association OH now owns 4,242 shares of the specialty retailer’s stock worth $773,000 after purchasing an additional 342 shares during the period. IFM Investors Pty Ltd increased its position in Williams-Sonoma by 4.6% in the first quarter. IFM Investors Pty Ltd now owns 27,707 shares of the specialty retailer’s stock worth $5,052,000 after buying an additional 1,208 shares in the last quarter. Drucker Wealth 3.0 LLC raised its stake in shares of Williams-Sonoma by 13.9% in the first quarter. Drucker Wealth 3.0 LLC now owns 5,176 shares of the specialty retailer’s stock worth $944,000 after buying an additional 630 shares during the period. Apollon Wealth Management LLC lifted its position in shares of Williams-Sonoma by 16.6% during the 1st quarter. Apollon Wealth Management LLC now owns 1,505 shares of the specialty retailer’s stock valued at $274,000 after buying an additional 214 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Williams-Sonoma by 156.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 322,583 shares of the specialty retailer’s stock valued at $58,817,000 after acquiring an additional 196,642 shares during the period. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Stock Down 0.6%

WSM opened at $222.57 on Wednesday. The company has a market capitalization of $26.21 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 2.45 and a beta of 1.49. The firm has a 50-day simple moving average of $204.78 and a two-hundred day simple moving average of $199.48. Williams-Sonoma, Inc. has a 52 week low of $161.76 and a 52 week high of $244.65.

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

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, July 17th. Williams-Sonoma’s dividend payout ratio is currently 34.04%.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock in a transaction on Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the transaction, the executive vice president directly owned 21,717 shares of the company’s stock, valued at $4,962,117.33. This trade represents a 4.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $172.61, for a total transaction of $3,452,200.00. Following the sale, the chief executive officer owned 938,524 shares in the company, valued at $161,998,627.64. This represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 51,634 shares of company stock valued at $9,812,283. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WSM has been the topic of a number of recent analyst reports. Barclays set a $190.00 target price on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. Morgan Stanley set a $210.00 price objective on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a research note on Friday, May 22nd. UBS Group raised their price objective on shares of Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings downgraded shares of Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. Finally, Citigroup cut their price target on Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Williams-Sonoma currently has an average rating of “Moderate Buy” and an average price target of $212.65.

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.