Checchi Capital Advisers LLC Sells 63 Shares of Williams-Sonoma, Inc. $WSM

Checchi Capital Advisers LLC reduced its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 1.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,215 shares of the specialty retailer’s stock after selling 63 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Williams-Sonoma were worth $525,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Williams-Sonoma by 21.8% during the first quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer’s stock valued at $2,471,152,000 after buying an additional 2,797,562 shares during the period. Nuveen LLC purchased a new position in shares of Williams-Sonoma during the 1st quarter worth $85,075,000. Robeco Institutional Asset Management B.V. grew its position in shares of Williams-Sonoma by 740.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock valued at $96,664,000 after acquiring an additional 521,283 shares during the period. Pacer Advisors Inc. increased its stake in shares of Williams-Sonoma by 1,272.6% in the 1st quarter. Pacer Advisors Inc. now owns 512,846 shares of the specialty retailer’s stock worth $81,081,000 after purchasing an additional 475,484 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Williams-Sonoma by 38,589.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 451,891 shares of the specialty retailer’s stock worth $71,444,000 after purchasing an additional 450,723 shares during the period. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,153 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. This represents a 8.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Randolph King sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. This represents a 15.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,153 shares of company stock valued at $27,946,408 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Williams-Sonoma Price Performance

Shares of WSM opened at $196.38 on Tuesday. The firm has a market cap of $23.92 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 3.22 and a beta of 1.55. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The company has a 50 day simple moving average of $198.06 and a two-hundred day simple moving average of $173.82.

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

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s payout ratio is 29.04%.

Wall Street Analysts Forecast Growth

WSM has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams-Sonoma in a report on Saturday, September 27th. Gordon Haskett raised shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Wednesday, July 23rd. Argus set a $212.00 target price on shares of Williams-Sonoma in a research note on Tuesday, September 2nd. Royal Bank Of Canada upped their price target on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $199.11.

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.