Elevation Point Wealth Partners LLC Makes New Investment in Williams-Sonoma, Inc. $WSM

Elevation Point Wealth Partners LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,892 shares of the specialty retailer’s stock, valued at approximately $907,000.

A number of other hedge funds and other institutional investors have also modified their holdings of WSM. IMG Wealth Management Inc. bought a new position in Williams-Sonoma in the 2nd quarter valued at $31,000. Caitong International Asset Management Co. Ltd acquired a new stake in Williams-Sonoma in the fourth quarter worth about $25,000. Atlantic Union Bankshares Corp lifted its position in Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $35,000. Finally, Ballast Advisors LLC bought a new stake in shares of Williams-Sonoma during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 0.2%

WSM stock opened at $238.05 on Tuesday. The firm has a market capitalization of $28.03 billion, a PE ratio of 26.66, a PEG ratio of 2.61 and a beta of 1.50. Williams-Sonoma, Inc. has a 1-year low of $165.51 and a 1-year high of $254.89. The business’s 50 day simple moving average is $232.64 and its 200 day simple moving average is $207.87.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, July 17th. Williams-Sonoma’s payout ratio is currently 34.04%.

Insider Activity

In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the transaction, the executive vice president directly owned 21,717 shares of the company’s stock, valued at $4,962,117.33. This represents a 4.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the completion of the sale, the chief executive officer directly owned 923,524 shares of the company’s stock, valued at $184,704,800. This represents a 1.60% decrease in their position. 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. Insiders sold 18,156 shares of company stock worth $3,738,699 over the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WSM. Argus set a $230.00 price objective on shares of Williams-Sonoma in a research note on Friday, May 29th. KeyCorp boosted their target price on Williams-Sonoma from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 7th. Bank of America reaffirmed a “buy” rating and issued a $261.00 target price (up from $250.00) on shares of Williams-Sonoma in a research note on Monday. TD Cowen reissued a “buy” rating on shares of Williams-Sonoma in a research report on Monday, August 10th. Finally, Weiss Ratings downgraded Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.11.

About Williams-Sonoma

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.