Williams-Sonoma (NYSE:WSM) Sets New 1-Year High – Still a Buy?

Williams-Sonoma, Inc. (NYSE:WSM – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday. The stock traded as high as $274.45 and last traded at $267.4490, with a volume of 40,020 shares changing hands. The stock had previously closed at $270.08.

Analyst Ratings Changes

A number of equities analysts have recently commented on WSM shares. Credit Suisse Group set a $261.00 target price on shares of Williams-Sonoma in a research report on Monday, August 24th. Evercore set a $255.00 price target on Williams-Sonoma in a report on Tuesday, October 20th. Wells Fargo & Company increased their price objective on Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada restated an “outperform” rating and set a $259.00 price objective (down from $260.00) on shares of Williams-Sonoma in a report on Thursday, October 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $286.00 target price (up from $259.00) on shares of Williams-Sonoma in a research report on Tuesday, October 20th. Ten investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $247.89.

Get Our Latest Report on WSM

Williams-Sonoma Trading Down 3.0%

The business’s 50-day moving average price is $237.85 and its 200-day moving average price is $215.54. The stock has a market cap of $30.86 billion, a PE ratio of 26.71, a P/E/G ratio of 2.75 and a beta of 1.49.

Williams-Sonoma (NYSE:WSM – Get Free Report) last announced its earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.02. Williams-Sonoma had a net margin of 14.73% and a return on equity of 53.48%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the firm earned $2.00 earnings per share. Williams-Sonoma’s revenue was up 6.7% compared to the same quarter last year. As a group, analysts predict that Williams-Sonoma, Inc. will post 9.50 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 16th will be issued a $0.76 dividend. 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 1.2%. Williams-Sonoma’s dividend payout ratio is currently 31.12%.

Insider Transactions at Williams-Sonoma

In related news, Director Anne A. Finucane sold 794 shares of Williams-Sonoma stock in a transaction dated Friday, October 16th. The stock was sold at an average price of $252.14, for a total transaction of $200,199.16. Following the completion of the sale, the director owned 9,404 shares of the company’s stock, valued at $2,371,124.56. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 522 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 19,673 shares in the company, valued at approximately $4,708,929.28. This represents a 2.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,883 shares of company stock valued at $8,867,518 over the last three months. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Williams-Sonoma

A number of institutional investors have recently bought and sold shares of the business. Lido Advisors LLC lifted its holdings in shares of Williams-Sonoma by 25.9% in the third quarter. Lido Advisors LLC now owns 8,415 shares of the specialty retailer’s stock worth $1,918,000 after acquiring an additional 1,732 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Williams-Sonoma by 53.0% in the 3rd quarter. Keybank National Association OH now owns 8,585 shares of the specialty retailer’s stock valued at $1,957,000 after purchasing an additional 2,974 shares in the last quarter. United Capital Management of KS Inc. grew its holdings in shares of Williams-Sonoma by 1.3% during the 3rd quarter. United Capital Management of KS Inc. now owns 50,890 shares of the specialty retailer’s stock valued at $11,600,000 after purchasing an additional 673 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of Williams-Sonoma during the 3rd quarter valued at approximately $12,067,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Williams-Sonoma by 11.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,722 shares of the specialty retailer’s stock valued at $1,336,000 after purchasing an additional 592 shares during the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

About Williams-Sonoma

(Get Free Report)

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

Its products include cookware, tableware, appliances, furniture, bedding, lighting, rugs, home accessories, gifts and personalized merchandise. Williams-Sonoma reaches customers through e-commerce websites, retail stores, catalogs and trade and contract sales, serving both individual consumers and professional customers such as interior designers and hospitality businesses.

Founded in 1956 by Chuck Williams, the company began as a retailer specializing in high-quality French cookware before expanding into a broader home-focused portfolio.

Further Reading

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