Elyxium Wealth LLC Buys Shares of 16,042 Williams-Sonoma, Inc. $WSM

Elyxium Wealth LLC bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, Holdings Channel.com reports. The firm bought 16,042 shares of the specialty retailer’s stock, valued at approximately $2,621,000. Williams-Sonoma makes up about 1.0% of Elyxium Wealth LLC’s holdings, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Parallel Advisors LLC raised its stake in shares of Williams-Sonoma by 2.1% during the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer’s stock valued at $493,000 after purchasing an additional 61 shares in the last quarter. Hemington Wealth Management raised its stake in shares of Williams-Sonoma by 15.3% during the first quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 64 shares in the last quarter. TFB Advisors LLC raised its stake in shares of Williams-Sonoma by 5.5% during the first quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 67 shares in the last quarter. Groupe la Francaise raised its stake in shares of Williams-Sonoma by 13.0% during the first quarter. Groupe la Francaise now owns 583 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 67 shares in the last quarter. Finally, Graypoint LLC raised its stake in shares of Williams-Sonoma by 1.5% during the first quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer’s stock valued at $757,000 after purchasing an additional 69 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on WSM. UBS Group set a $200.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 28th. Evercore ISI dropped their price target on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research report on Wednesday, July 23rd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.56.

Williams-Sonoma Trading Down 1.0%

Shares of WSM opened at $192.48 on Tuesday. The business’s 50-day moving average price is $194.64 and its 200 day moving average price is $179.43. The stock has a market capitalization of $23.44 billion, a P/E ratio of 21.18, a P/E/G ratio of 3.16 and a beta of 1.55. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the business posted $1.74 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, research analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

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

Insiders Place Their Bets

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction dated 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 transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the transaction, the chief executive officer directly owned 876,927 shares in the company, valued at approximately $175,534,477.59. This trade represents a 9.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 114,153 shares of company stock worth $22,901,008. Insiders own 1.10% of the company’s stock.

Williams-Sonoma 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.