Clark Capital Management Group Inc. Raises Stock Position in Williams-Sonoma, Inc. $WSM

Clark Capital Management Group Inc. boosted its position in shares of Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 0.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 342,183 shares of the specialty retailer’s stock after purchasing an additional 2,319 shares during the period. Clark Capital Management Group Inc.’s holdings in Williams-Sonoma were worth $61,111,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp grew its stake 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 acquiring an additional 50 shares in the last quarter. Diversify Advisory Services LLC grew its stake in Williams-Sonoma by 1.8% during the fourth quarter. Diversify Advisory Services LLC now owns 2,878 shares of the specialty retailer’s stock valued at $514,000 after acquiring an additional 51 shares in the last quarter. Fulton Bank N.A. grew its stake in Williams-Sonoma by 0.5% during the fourth quarter. Fulton Bank N.A. now owns 10,438 shares of the specialty retailer’s stock valued at $1,864,000 after acquiring an additional 55 shares in the last quarter. Mutual Advisors LLC grew its stake in Williams-Sonoma by 4.2% during the fourth quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer’s stock valued at $247,000 after acquiring an additional 56 shares in the last quarter. Finally, Arjuna Capital grew its stake in Williams-Sonoma by 1.6% during the fourth quarter. Arjuna Capital now owns 3,564 shares of the specialty retailer’s stock valued at $636,000 after acquiring an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 32,684 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $180.64, for a total value of $5,904,037.76. Following the completion of the sale, the chief financial officer owned 34,138 shares of the company’s stock, valued at approximately $6,166,688.32. This represents a 48.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $172.61, for a total transaction of $3,452,200.00. Following the completion of the sale, the chief executive officer directly owned 938,524 shares of the company’s stock, valued at $161,998,627.64. This trade represents a 2.09% 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. Insiders sold a total of 88,004 shares of company stock valued at $16,420,107 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. The Goldman Sachs Group raised shares of Williams-Sonoma from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $185.00 to $218.00 in a research note on Monday, April 13th. Robert W. Baird reduced their price objective on shares of Williams-Sonoma from $235.00 to $225.00 and set an “outperform” rating for the company in a research note on Thursday, March 19th. UBS Group boosted their price objective on shares of Williams-Sonoma from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. Finally, Argus set a $230.00 price target on shares of Williams-Sonoma in a research note on Friday, May 29th. One 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. Based on data from MarketBeat, Williams-Sonoma has an average rating of “Moderate Buy” and an average price target of $211.47.

Check Out Our Latest Research Report on Williams-Sonoma

Williams-Sonoma Price Performance

WSM stock opened at $227.61 on Wednesday. Williams-Sonoma, Inc. has a one year low of $154.11 and a one year high of $230.95. The stock has a market cap of $26.80 billion, a PE ratio of 25.49, a P/E/G ratio of 2.42 and a beta of 1.51. The firm has a 50 day simple moving average of $193.58 and a two-hundred day simple moving average of $194.48.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company earned $1.85 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts expect that Williams-Sonoma, Inc. will post 9.49 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders 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 yield of 1.3%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s payout ratio is currently 29.56%.

Williams-Sonoma Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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