Evexia Wealth LLC Grows Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Evexia Wealth LLC increased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,050 shares of the specialty retailer’s stock after acquiring an additional 1,271 shares during the quarter. Williams-Sonoma makes up about 3.0% of Evexia Wealth LLC’s holdings, making the stock its 14th largest position. Evexia Wealth LLC’s holdings in Williams-Sonoma were worth $8,536,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in WSM. Quest Partners LLC purchased a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in shares of Williams-Sonoma in the second quarter valued at $29,000. EntryPoint Capital LLC lifted its position in shares of Williams-Sonoma by 520.0% during the 1st quarter. EntryPoint Capital LLC now owns 93 shares of the specialty retailer’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Clean Yield Group bought a new position in shares of Williams-Sonoma during the 3rd quarter worth $30,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Williams-Sonoma in the 1st quarter worth about $32,000. Institutional investors own 99.29% of the company’s stock.

Insider Activity

In related news, CEO Laura Alber sold 40,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $156.45, for a total value of $6,258,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,070,956 shares of the company’s stock, valued at $167,551,066.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $156.45, for a total value of $6,258,000.00. Following the completion of the transaction, the chief executive officer now owns 1,070,956 shares in the company, valued at approximately $167,551,066.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Karalyn Smith sold 11,100 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $134.66, for a total transaction of $1,494,726.00. Following the sale, the executive vice president now owns 15,150 shares in the company, valued at approximately $2,040,099. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 91,100 shares of company stock valued at $13,563,526. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective on shares of Williams-Sonoma from $150.00 to $147.00 and set an “outperform” rating for the company in a research note on Friday, August 23rd. TD Cowen raised their price target on Williams-Sonoma from $150.00 to $160.00 and gave the company a “buy” rating in a report on Monday, September 16th. Barclays cut their price objective on Williams-Sonoma from $232.00 to $116.00 and set an “underweight” rating for the company in a report on Friday, August 23rd. Jefferies Financial Group raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and raised their target price for the company from $148.00 to $156.00 in a research note on Wednesday, September 11th. Finally, Evercore ISI lowered their price target on Williams-Sonoma from $155.00 to $135.00 and set an “in-line” rating on the stock in a research report on Wednesday, August 7th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma currently has an average rating of “Hold” and an average target price of $140.83.

Williams-Sonoma Price Performance

WSM traded up $2.61 during trading on Friday, hitting $144.35. 1,395,325 shares of the stock traded hands, compared to its average volume of 1,396,570. The firm has a market capitalization of $18.57 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.74. Williams-Sonoma, Inc. has a 12-month low of $71.56 and a 12-month high of $174.26. The firm has a 50-day moving average of $141.59 and a 200 day moving average of $146.64.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Thursday, August 22nd. The specialty retailer reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.13. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.81 billion. Williams-Sonoma had a return on equity of 51.57% and a net margin of 14.29%. Williams-Sonoma’s revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 EPS. As a group, equities analysts predict that Williams-Sonoma, Inc. will post 7.99 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 18th will be given a $0.57 dividend. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.58%. Williams-Sonoma’s dividend payout ratio is 28.01%.

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.