Williams-Sonoma (WSM)

• Market cap: $22.6B
• 1 day: 2.28%
• 5 days: -5.16%
• 1 month: 4.94%
• 3 months: 23.43%
• 6 months: 20.87%
• Year to date: 80.68%
• 1 year: 82.33%
• 5 years: 404.48%
• 10 years: 389.68%
• Sector: Consumer Discretionary
• Industry: Home Furniture, Furnishings & Equipment Stores

About: With a retail and direct-to-consumer presence, Williams-Sonoma is a player in the $300 billion domestic home category and $450 billion international home market, focused on expanding its exposure in the B2B ($80 billion total addressable market), marketplace, and franchise areas. Namesake Williams-Sonoma (160 stores) offers high-end cooking essentials, while Pottery Barn (186) provides casual home accessories. West Elm (122) is an emerging concept for young professionals, and Rejuvenation (11) offers lighting and house parts. Brand extensions include Pottery Barn Kids and PBteen (46) as well as Mark & Graham and Greenrow. Williams-Sonoma also has a business-to-business team that supports projects that range from residential to large-scale commercial.

Employees: 19,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

1,302% more repeat investments, than reductions

Existing positions increased: 645 | Existing positions reduced: 46

6% more capital invested

Capital invested by funds: $17.6B [Q2] → $18.7B (+$1.13B) [Q3]

6% more funds holding in top 10

Funds holding in top 10: 17 [Q2] → 18 (+1) [Q3]

5% more first-time investments, than exits

New positions opened: 110 | Existing positions closed: 105

1% more funds holding

Funds holding: 802 [Q2] → 807 (+5) [Q3]

2.11% less ownership

Funds ownership: 97.84% [Q2] → 95.72% (-2.11%) [Q3]

19% less call options, than puts

Call options by funds: $253M | Put options by funds: $313M

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $123 33% downside
• Avg. target: $173 6% downside
• High target: $226 23% upside

11 analyst ratings

• positive: 4 36%
• neutral: 6 55%
• negative: 1 9%

Jefferies Jonathan Matuszewski 60% 1-year accuracy 3 / 5 met price target	23% upside $226	Buy Maintained	18 Dec 2024
Wells Fargo Zachary Fadem 69% 1-year accuracy 24 / 35 met price target	10% downside $165	Equal-Weight Maintained	21 Nov 2024
Wedbush Seth Basham 72% 1-year accuracy 101 / 141 met price target	5% downside $175	Neutral Maintained	21 Nov 2024
TD Cowen Max Rakhlenko 78% 1-year accuracy 14 / 18 met price target	6% upside $195	Buy Maintained	21 Nov 2024
Evercore ISI Group Oliver Wintermantel 67% 1-year accuracy 6 / 9 met price target	2% downside $180	In-Line Maintained	21 Nov 2024