Wealthfront Advisers LLC purchased a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,230 shares of the specialty retailer’s stock, valued at approximately $753,000.
A number of other hedge funds have also modified their holdings of WSM. Atlantic Union Bankshares Corp raised its position in shares of Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Mutual Advisors LLC lifted its stake in shares of Williams-Sonoma by 4.2% during the 4th quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer’s stock valued at $247,000 after buying an additional 56 shares in the last quarter. Arjuna Capital boosted its holdings in Williams-Sonoma by 1.6% in the 4th quarter. Arjuna Capital now owns 3,564 shares of the specialty retailer’s stock worth $636,000 after buying an additional 57 shares during the period. Florida Financial Advisors LLC boosted its holdings in Williams-Sonoma by 2.3% in the 4th quarter. Florida Financial Advisors LLC now owns 2,534 shares of the specialty retailer’s stock worth $453,000 after buying an additional 58 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in Williams-Sonoma by 4.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,357 shares of the specialty retailer’s stock worth $242,000 after buying an additional 61 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Bank of America initiated coverage on Williams-Sonoma in a report on Friday, June 12th. They set a “buy” rating and a $250.00 price target on the stock. Evercore set a $240.00 price objective on Williams-Sonoma in a research note on Tuesday, August 4th. KeyCorp raised their target price on shares of Williams-Sonoma from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Piper Sandler started coverage on Williams-Sonoma in a report on Monday, July 27th. They set an “overweight” rating and a $253.00 price target for the company. Finally, Barclays set a $190.00 target price on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $231.88.
Insider Activity at Williams-Sonoma
In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 923,524 shares in the company, valued at approximately $184,704,800. The trade was a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 1,112 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $228.49, for a total transaction of $254,080.88. Following the sale, the executive vice president directly owned 21,717 shares of the company’s stock, valued at $4,962,117.33. The trade was a 4.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 18,156 shares of company stock worth $3,738,699. 1.10% of the stock is currently owned by corporate insiders.
Williams-Sonoma Trading Up 0.7%
Shares of WSM opened at $237.34 on Friday. The firm has a market capitalization of $27.95 billion, a P/E ratio of 26.58, a P/E/G ratio of 2.58 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 fifty day moving average price of $232.33 and a 200-day moving average price of $207.75.
Williams-Sonoma (NYSE:WSM – Get Free Report) last issued its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, topping 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 analyst estimates of $1.80 billion. During the same period last year, the company posted $1.85 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that Williams-Sonoma, Inc. will post 9.38 earnings per share for the current year.
Williams-Sonoma Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were given a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, July 17th. This represents a $3.04 dividend on an annualized basis and a yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is 34.04%.
About Williams-Sonoma
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.
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