California State Teachers Retirement System Sells 6,527 Shares of Williams-Sonoma, Inc. $WSM

California State Teachers Retirement System trimmed its holdings in Williams-Sonoma, Inc. (NYSE:WSMFree Report) by 3.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 168,581 shares of the specialty retailer’s stock after selling 6,527 shares during the period. California State Teachers Retirement System’s holdings in Williams-Sonoma were worth $30,737,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in WSM. Caitong International Asset Management Co. Ltd acquired a new position in shares of Williams-Sonoma during the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp raised its stake in Williams-Sonoma by 51.5% in the 4th 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 during the period. MidFirst Bank bought a new stake in Williams-Sonoma in the 4th quarter valued at $30,000. Millstone Evans Group LLC lifted its holdings in Williams-Sonoma by 229.4% during the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 117 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Williams-Sonoma during the 4th quarter valued at $31,000. 99.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WSM shares. Bank of America assumed coverage on shares of Williams-Sonoma in a research note on Friday, June 12th. They set a “buy” rating and a $250.00 target price for the company. Evercore set a $200.00 target price on shares of Williams-Sonoma in a report on Tuesday, April 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $225.00 price target (up from $220.00) on shares of Williams-Sonoma in a research note on Friday, May 22nd. Wells Fargo & Company set a $190.00 price target on shares of Williams-Sonoma and gave the company an “equal weight” rating in a report on Friday, May 22nd. Finally, Piper Sandler began coverage on shares of Williams-Sonoma in a research report on Monday. They set an “overweight” rating and a $253.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Williams-Sonoma has an average rating of “Moderate Buy” and a consensus price target of $215.47.

Get Our Latest Report on WSM

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of Williams-Sonoma stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $172.61, for a total value of $3,452,200.00. Following the completion of the transaction, the chief executive officer directly owned 938,524 shares of the company’s stock, valued at $161,998,627.64. The trade was a 2.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Williams-Sonoma stock in a transaction on Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the transaction, the executive vice president directly owned 21,717 shares of the company’s stock, valued at $4,962,117.33. This represents a 4.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 36,634 shares of company stock worth $6,812,283. Corporate insiders own 1.10% of the company’s stock.

Williams-Sonoma Stock Down 1.9%

Shares of NYSE:WSM opened at $228.89 on Friday. The company’s 50 day moving average price is $221.01 and its two-hundred day moving average price is $203.96. Williams-Sonoma, Inc. has a 12-month low of $165.51 and a 12-month high of $244.65. The firm has a market cap of $26.95 billion, a PE ratio of 25.63, a PEG ratio of 2.56 and a beta of 1.49.

Williams-Sonoma (NYSE:WSMGet Free Report) last released its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, beating 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 company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $1.85 earnings per share. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that Williams-Sonoma, Inc. will post 9.38 EPS for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 17th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 34.04%.

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

Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSMFree Report).

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

Receive News & Ratings for Williams-Sonoma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Williams-Sonoma and related companies with MarketBeat.com's FREE daily email newsletter.