Williams-Sonoma, Inc. $WSM Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,344 shares of the specialty retailer’s stock after purchasing an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Williams-Sonoma were worth $3,339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Williams-Sonoma in the first quarter valued at about $895,000. Sequoia Financial Advisors LLC increased its holdings in Williams-Sonoma by 26.4% in the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer’s stock valued at $7,019,000 after buying an additional 9,266 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Williams-Sonoma by 128.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock valued at $34,410,000 after buying an additional 122,180 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Williams-Sonoma by 10.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer’s stock valued at $2,751,000 after buying an additional 1,673 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Williams-Sonoma by 26.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer’s stock valued at $2,245,000 after buying an additional 2,945 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on WSM. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams-Sonoma in a report on Friday. Argus set a $212.00 target price on shares of Williams-Sonoma in a report on Tuesday, September 2nd. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Evercore ISI dropped their price objective on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Finally, Citigroup raised their price objective 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. Two research 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 given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $198.56.

Insider Activity

In other Williams-Sonoma news, 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 value of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares in the company, valued at approximately $6,787,999.92. This trade 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 valued at $22,901,008 over the last quarter. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Stock Performance

WSM stock opened at $189.27 on Friday. The stock has a market capitalization of $23.05 billion, a P/E ratio of 20.82, a PEG ratio of 3.05 and a beta of 1.55. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The company has a 50 day moving average price of $195.22 and a two-hundred day moving average price of $176.97.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.79 by $0.21. The firm 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%. Williams-Sonoma’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Research analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be paid a $0.66 dividend. 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 payout ratio is presently 29.04%.

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.