Bank of Stockton Increases Position in Williams-Sonoma, Inc. $WSM

Bank of Stockton raised its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,035 shares of the specialty retailer’s stock after buying an additional 245 shares during the period. Bank of Stockton’s holdings in Williams-Sonoma were worth $2,456,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WSM. Brighton Jones LLC boosted its position in shares of Williams-Sonoma by 22.4% during the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock valued at $1,248,000 after buying an additional 1,236 shares during the period. Bison Wealth LLC purchased a new position in shares of Williams-Sonoma during the fourth quarter valued at approximately $227,000. Toronto Dominion Bank boosted its holdings in shares of Williams-Sonoma by 4.0% in the fourth quarter. Toronto Dominion Bank now owns 16,526 shares of the specialty retailer’s stock valued at $3,060,000 after purchasing an additional 629 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Williams-Sonoma by 68.3% in the fourth quarter. Mackenzie Financial Corp now owns 10,985 shares of the specialty retailer’s stock valued at $2,034,000 after purchasing an additional 4,457 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Williams-Sonoma in the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WSM. Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 price target on shares of Williams-Sonoma in a report on Thursday, August 28th. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target for the company in a report on Wednesday, July 23rd. Evercore ISI boosted their price target on Williams-Sonoma from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. Morgan Stanley boosted their price target on Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Finally, Royal Bank Of Canada boosted their price target on Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $199.11.

Insider Transactions at Williams-Sonoma

In other news, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total transaction of $626,942.52. Following the sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. This trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 144,653 shares of company stock valued at $27,926,483. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Trading Down 0.8%

WSM stock opened at $196.76 on Tuesday. The company has a market cap of $23.96 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.19 and a beta of 1.52. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The firm has a 50-day moving average of $193.62 and a two-hundred day moving average of $171.95.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the firm earned $1.74 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Williams-Sonoma Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.