Diversify Advisory Services LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,078 shares of the specialty retailer’s stock, valued at approximately $1,659,000.
Other large investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Williams-Sonoma in the fourth quarter worth $25,000. Atlantic Union Bankshares Corp raised its position in Williams-Sonoma by 51.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 50 shares during the period. MidFirst Bank acquired a new position in Williams-Sonoma during the fourth quarter valued at $30,000. Ballast Advisors LLC purchased a new stake in Williams-Sonoma in the 1st quarter worth about $30,000. Finally, Millstone Evans Group LLC lifted its stake in Williams-Sonoma by 229.4% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock worth $31,000 after acquiring an additional 117 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on WSM shares. Royal Bank Of Canada lifted their target price on Williams-Sonoma from $192.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Wells Fargo & Company raised their price target on shares of Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 11th. Evercore set a $240.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, August 4th. Morgan Stanley set a $210.00 target price on shares of Williams-Sonoma and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Finally, TD Cowen restated a “buy” rating on shares of Williams-Sonoma in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $231.88.
Williams-Sonoma Stock Up 0.4%
WSM stock opened at $242.34 on Thursday. The company has a market capitalization of $28.54 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.65 and a beta of 1.50. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $254.89. The firm has a 50 day moving average of $231.71 and a two-hundred day moving average of $207.33.
Williams-Sonoma (NYSE:WSM – Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the firm earned $1.85 EPS. Williams-Sonoma’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Williams-Sonoma, Inc. will post 9.38 EPS for the current fiscal year.
Williams-Sonoma Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 17th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 34.04%.
Insider Buying and Selling
In other news, CEO Laura Alber sold 15,000 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $200.00, for a total value of $3,000,000.00. Following the transaction, the chief executive officer owned 923,524 shares of the company’s stock, valued at $184,704,800. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 1,112 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $228.49, for a total transaction of $254,080.88. Following the completion of the sale, the executive vice president owned 21,717 shares of the company’s stock, valued at $4,962,117.33. The trade was a 4.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,156 shares of company stock worth $3,738,699 over the last three months. 1.10% of the stock is owned by company insiders.
Williams-Sonoma Company Profile
Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.
The company operates a portfolio of consumer brands that target distinct segments of the home market.
Read More
- Five stocks we like better than Williams-Sonoma
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM – Free Report).
Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.
