Elevation Point Wealth Partners LLC Invests $907,000 in Williams-Sonoma, Inc. $WSM

Elevation Point Wealth Partners LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,892 shares of the specialty retailer’s stock, valued at approximately $907,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Y Intercept Hong Kong Ltd lifted its holdings in shares of Williams-Sonoma by 1,844.3% in the first quarter. Y Intercept Hong Kong Ltd now owns 47,733 shares of the specialty retailer’s stock valued at $8,703,000 after buying an additional 45,278 shares during the period. Little House Capital LLC bought a new stake in Williams-Sonoma during the first quarter worth approximately $801,000. Northwestern Mutual Wealth Management Co. grew its position in Williams-Sonoma by 5,019.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 89,388 shares of the specialty retailer’s stock worth $15,964,000 after buying an additional 87,642 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Williams-Sonoma in the fourth quarter valued at $1,173,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Williams-Sonoma by 23.8% in the 4th quarter. BNP Paribas Financial Markets now owns 294,598 shares of the specialty retailer’s stock worth $52,612,000 after acquiring an additional 56,578 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $228.49, for a total transaction of $254,080.88. Following the transaction, the executive vice president owned 21,717 shares in the company, valued at $4,962,117.33. This represents a 4.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 firm’s stock in a transaction on 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 transaction, the chief executive officer owned 923,524 shares in the company, valued at $184,704,800. This represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. 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 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. KeyCorp lifted their price target on Williams-Sonoma from $230.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 7th. Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 11th. Evercore set a $240.00 price target on shares of Williams-Sonoma in a research report on Tuesday, August 4th. Piper Sandler started coverage on shares of Williams-Sonoma in a research note on Monday, July 27th. They issued an “overweight” rating and a $253.00 price objective for the company. Finally, Credit Suisse Group set a $261.00 target price on Williams-Sonoma in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $234.11.

Williams-Sonoma Trading Up 0.2%

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

Williams-Sonoma Dividend Announcement

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

Williams-Sonoma 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.