Van ECK Associates Corp reduced its position in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 9.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,906 shares of the specialty retailer’s stock after selling 3,702 shares during the quarter. Van ECK Associates Corp’s holdings in Williams-Sonoma were worth $7,903,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Nissay Asset Management Corp Japan lifted its position in shares of Williams-Sonoma by 2.6% during the second quarter. Nissay Asset Management Corp Japan now owns 16,275 shares of the specialty retailer’s stock worth $3,794,000 after purchasing an additional 408 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Williams-Sonoma by 12.1% in the second quarter. Hsbc Holdings PLC now owns 302,105 shares of the specialty retailer’s stock valued at $70,540,000 after purchasing an additional 32,644 shares in the last quarter. Wellington Management Group LLP increased its stake in Williams-Sonoma by 313.2% during the 2nd quarter. Wellington Management Group LLP now owns 49,821 shares of the specialty retailer’s stock worth $11,613,000 after buying an additional 37,764 shares during the period. Archer Investment Corp purchased a new stake in Williams-Sonoma during the 2nd quarter worth approximately $47,000. Finally, Kingsview Wealth Management LLC acquired a new stake in Williams-Sonoma during the 2nd quarter worth approximately $321,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of the firm’s 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 owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 3,156 shares of company stock valued at $738,699 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.
Williams-Sonoma Price Performance
Williams-Sonoma (NYSE:WSM – Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The specialty retailer reported $2.10 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%.The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the business posted $2.00 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, equities research analysts expect that Williams-Sonoma, Inc. will post 9.46 earnings per share for the current year.
Williams-Sonoma Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were paid a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, July 17th. Williams-Sonoma’s dividend payout ratio is currently 31.12%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. TD Cowen reissued a “buy” rating on shares of Williams-Sonoma in a research report on Monday, August 10th. Morgan Stanley increased their price objective on Williams-Sonoma from $210.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, August 27th. Jefferies Financial Group set a $275.00 target price on Williams-Sonoma in a report on Wednesday, August 26th. UBS Group reissued a “neutral” rating and set a $247.00 target price (up from $190.00) on shares of Williams-Sonoma in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded Williams-Sonoma from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday. Nine analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $244.44.
Read Our Latest Stock Report on Williams-Sonoma
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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