Logan Capital Management Inc. Reduces Holdings in Williams-Sonoma, Inc. $WSM

Logan Capital Management Inc. lowered its position in Williams-Sonoma, Inc. (NYSE:WSM) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 155,284 shares of the specialty retailer’s stock after selling 12,308 shares during the quarter. Williams-Sonoma comprises about 1.2% of Logan Capital Management Inc.’s portfolio, making the stock its 15th largest position. Logan Capital Management Inc. owned 0.13% of Williams-Sonoma worth $25,369,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Williams-Sonoma by 34.1% during the first 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 buying an additional 365,718 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Williams-Sonoma by 31.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,076,959 shares of the specialty retailer’s stock valued at $170,267,000 after buying an additional 254,550 shares during the period. Nordea Investment Management AB grew its stake in shares of Williams-Sonoma by 8.0% during the second quarter. Nordea Investment Management AB now owns 816,176 shares of the specialty retailer’s stock valued at $133,029,000 after buying an additional 60,163 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Williams-Sonoma by 740.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock worth $96,664,000 after buying an additional 521,283 shares during the period. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Up 2.0%

WSM opened at $192.91 on Tuesday. The company has a market capitalization of $23.49 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 3.05 and a beta of 1.55. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98. The business’s fifty day simple moving average is $195.04 and its 200-day simple moving average is $177.34.

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

Williams-Sonoma Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a dividend of $0.66 per share. The ex-dividend date 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 currently 29.04%.

Analysts Set New Price Targets

A number of research firms recently issued reports on WSM. JPMorgan Chase & Co. boosted their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Argus set a $212.00 target price on Williams-Sonoma in a research report on Tuesday, September 2nd. Citigroup boosted their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a research note on Friday, August 22nd. Wells Fargo & Company raised their price target on shares of Williams-Sonoma from $170.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, August 25th. Finally, KeyCorp lifted their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, August 25th. 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $198.56.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares of the company’s stock, valued at $6,787,999.92. The trade was a 8.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the completion of the transaction, the executive vice president directly owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 114,153 shares of company stock valued at $22,901,008. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Company 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.