Williams-Sonoma (NYSE:WSM) Stock: Insider Karalyn Yearout Sells 522 Shares

Williams-Sonoma, Inc. (NYSE:WSM – Get Free Report) EVP Karalyn Yearout sold 522 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $239.36, for a total value of $124,945.92. Following the completion of the transaction, the executive vice president directly owned 19,673 shares in the company, valued at $4,708,929.28. This trade represents a 2.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Karalyn Yearout also recently made the following trade(s):

  • On Friday, August 7th, Karalyn Yearout sold 522 shares of Williams-Sonoma stock. The stock was sold at an average price of $246.39, for a total value of $128,615.58.
  • On Tuesday, August 4th, Karalyn Yearout sold 1,000 shares of Williams-Sonoma stock. The stock was sold at an average price of $250.00, for a total value of $250,000.00.

Williams-Sonoma Price Performance

Shares of NYSE:WSM traded up $0.78 on Tuesday, hitting $239.64. 1,108,410 shares of the company’s stock were exchanged, compared to its average volume of 1,149,918. The stock has a market capitalization of $28.22 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.62 and a beta of 1.48. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $254.89. The business’s 50 day simple moving average is $234.31 and its two-hundred day simple moving average is $215.33.

Williams-Sonoma (NYSE:WSM – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.02. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Williams-Sonoma had a net margin of 14.73% and a return on equity of 53.48%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. Equities analysts forecast that Williams-Sonoma, Inc. will post 9.51 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 16th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is 31.12%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Williams-Sonoma during the 2nd quarter valued at about $2,656,062,000. Aristotle Capital Management LLC lifted its holdings in shares of Williams-Sonoma by 22.0% in the 1st quarter. Aristotle Capital Management LLC now owns 11,140,471 shares of the specialty retailer’s stock valued at $2,031,242,000 after buying an additional 2,009,032 shares during the period. State Street Corp lifted its holdings in shares of Williams-Sonoma by 1.9% in the 2nd quarter. State Street Corp now owns 5,906,785 shares of the specialty retailer’s stock valued at $1,376,872,000 after buying an additional 112,683 shares during the period. First Trust Advisors LP boosted its stake in shares of Williams-Sonoma by 9.2% in the first quarter. First Trust Advisors LP now owns 2,664,580 shares of the specialty retailer’s stock worth $485,833,000 after buying an additional 224,128 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Williams-Sonoma by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,479,064 shares of the specialty retailer’s stock worth $269,640,000 after buying an additional 20,886 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WSM has been the subject of several research analyst reports. Telsey Advisory Group set a $260.00 price target on shares of Williams-Sonoma and gave the company an “outperform” rating in a research note on Thursday, August 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $261.00 price objective (up from $230.00) on shares of Williams-Sonoma in a research note on Tuesday, August 11th. Weiss Ratings upgraded Williams-Sonoma from a “hold (c+)” rating to a “buy (b)” rating in a report on Monday, August 31st. Royal Bank Of Canada restated an “outperform” rating and set a $260.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 27th. Finally, Morgan Stanley lifted their target price on Williams-Sonoma from $210.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, August 27th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Williams-Sonoma has a consensus rating of “Moderate Buy” and a consensus target price of $245.56.

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About Williams-Sonoma

(Get Free Report)

Williams-Sonoma, Inc is an omnichannel specialty retailer focused on home furnishings, décor, kitchenware and related lifestyle products. The company operates a portfolio of brands that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home and Mark & Graham.

Its products include cookware, cutlery, appliances, tabletop goods, furniture, bedding, bath products, lighting, rugs, textiles, decorative accessories, gifts and personalized items.

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