Trust Asset Management LLC Acquires Shares of 1,405 Williams-Sonoma, Inc. $WSM

Trust Asset Management LLC acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,405 shares of the specialty retailer’s stock, valued at approximately $230,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Williams-Sonoma by 21.8% during the 1st quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer’s stock valued at $2,471,152,000 after purchasing an additional 2,797,562 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Williams-Sonoma by 34.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,436,839 shares of the specialty retailer’s stock valued at $227,164,000 after purchasing an additional 365,718 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Williams-Sonoma by 31.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,076,959 shares of the specialty retailer’s stock valued at $170,267,000 after purchasing an additional 254,550 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Williams-Sonoma by 740.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock valued at $96,664,000 after purchasing an additional 521,283 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Williams-Sonoma during the 1st quarter valued at about $85,075,000. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Trading Down 3.5%

WSM opened at $189.19 on Wednesday. The company has a market cap of $23.04 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 3.16 and a beta of 1.55. The company’s 50 day moving average is $198.10 and its 200 day moving average is $173.93. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98.

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

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total transaction of $695,765.00. Following the transaction, the executive vice president owned 14,003 shares of the company’s stock, valued at $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the transaction, the executive vice president directly owned 98,560 shares in the company, valued at $20,066,816. This represents a 15.08% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,153 shares of company stock worth $27,946,408. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on WSM. Citigroup lifted their price target on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a “neutral” rating in a research note on Friday, August 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams-Sonoma in a research note on Saturday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Argus set a $212.00 price target on shares of Williams-Sonoma in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $199.11.

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.