Mutual Advisors LLC Buys New Stake in Williams-Sonoma, Inc. $WSM

Mutual Advisors LLC bought 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 & Exchange Commission. The fund bought 1,289 shares of the specialty retailer’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. Maseco LLP acquired a new position in Williams-Sonoma during the second quarter valued at $26,000. Quarry LP lifted its position in Williams-Sonoma by 99.0% during the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 99 shares during the period. Costello Asset Management INC acquired a new position in Williams-Sonoma during the first quarter valued at $32,000. Wayfinding Financial LLC acquired a new position in Williams-Sonoma during the first quarter valued at $35,000. Finally, Golden State Wealth Management LLC raised its position in shares of Williams-Sonoma by 123.6% in the first quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer’s stock worth $39,000 after acquiring an additional 136 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the sale, the executive vice president owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. This represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $198.84, for a total transaction of $626,942.52. Following the sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. This represents a 8.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 114,153 shares of company stock worth $22,901,008 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WSM. JPMorgan Chase & Co. upped their price objective on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Argus set a $212.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada upped their price objective on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, Citigroup upped their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $198.56.

Williams-Sonoma Stock Up 0.7%

WSM stock opened at $191.09 on Wednesday. The stock has a market capitalization of $23.27 billion, a P/E ratio of 21.02, a P/E/G ratio of 3.07 and a beta of 1.55. The firm has a 50-day simple moving average of $196.30 and a 200-day simple moving average of $175.99. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.21. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

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 paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s dividend payout ratio is currently 29.04%.

About Williams-Sonoma

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.