Elyxium Wealth LLC Makes New $2.62 Million Investment in Williams-Sonoma, Inc. $WSM

Elyxium Wealth LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,042 shares of the specialty retailer’s stock, valued at approximately $2,621,000. Williams-Sonoma makes up approximately 1.0% of Elyxium Wealth LLC’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maseco LLP acquired a new stake in Williams-Sonoma during the second quarter worth approximately $26,000. Quarry LP raised its holdings in Williams-Sonoma by 99.0% during the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 99 shares in the last quarter. Costello Asset Management INC acquired a new stake in Williams-Sonoma during the first quarter worth approximately $32,000. Wayfinding Financial LLC acquired a new position in shares of Williams-Sonoma in the 1st quarter valued at $35,000. Finally, Richardson Financial Services Inc. acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at $48,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $192.48 on Tuesday. The firm has a market capitalization of $23.44 billion, a P/E ratio of 21.18, a PEG ratio of 3.16 and a beta of 1.55. The company’s fifty day moving average is $194.64 and its two-hundred day moving average is $179.43. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98.

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

Williams-Sonoma Dividend Announcement

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 issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s dividend payout ratio is 29.04%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. KeyCorp lifted their target price on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, August 25th. JPMorgan Chase & Co. lifted their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams-Sonoma in a report on Wednesday, October 8th. Finally, Evercore ISI dropped their price objective on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $198.56.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,153 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the sale, the chief financial officer owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. This trade represents a 8.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the transaction, the executive vice president owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 114,153 shares of company stock valued at $22,901,008. Corporate 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.