Valtrion Capital Management LLC Invests $987,000 in Williams-Sonoma, Inc. $WSM

Valtrion Capital Management LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,233 shares of the specialty retailer’s stock, valued at approximately $987,000. Williams-Sonoma comprises about 0.7% of Valtrion Capital Management LLC’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WSM. Brighton Jones LLC raised its position in Williams-Sonoma by 22.4% in the 4th quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock worth $1,248,000 after buying an additional 1,236 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of Williams-Sonoma during the 4th quarter valued at about $227,000. Woodline Partners LP bought a new stake in shares of Williams-Sonoma in the first quarter worth approximately $1,644,000. Guggenheim Capital LLC grew its stake in shares of Williams-Sonoma by 9.0% in the second quarter. Guggenheim Capital LLC now owns 4,153 shares of the specialty retailer’s stock worth $678,000 after acquiring an additional 342 shares during the period. Finally, Brown Advisory Inc. lifted its position in Williams-Sonoma by 5.9% during the second quarter. Brown Advisory Inc. now owns 4,631 shares of the specialty retailer’s stock valued at $757,000 after purchasing an additional 260 shares during the period. 99.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 1,112 shares of the firm’s 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 completion of the transaction, the executive vice president directly owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,156 shares of company stock worth $738,699 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

Williams-Sonoma Price Performance

WSM stock opened at $234.74 on Wednesday. Williams-Sonoma, Inc. has a 1-year low of $165.51 and a 1-year high of $254.89. The company has a market capitalization of $27.64 billion, a price-to-earnings ratio of 26.29, a PEG ratio of 2.61 and a beta of 1.50. The business has a 50 day simple moving average of $232.78 and a two-hundred day simple moving average of $208.00.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders 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 of this dividend was Friday, July 17th. Williams-Sonoma’s payout ratio is 34.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WSM shares. Barclays set a $190.00 target price on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Wells Fargo & Company boosted their price target on Williams-Sonoma from $190.00 to $240.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 11th. Telsey Advisory Group upped their price target on shares of Williams-Sonoma from $225.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Weiss Ratings cut shares of Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, August 14th. Finally, Piper Sandler initiated coverage on shares of Williams-Sonoma in a report on Monday, July 27th. They issued an “overweight” rating and a $253.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Williams-Sonoma currently has an average rating of “Moderate Buy” and a consensus target price of $234.11.

Williams-Sonoma Company 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.