TrueMark Investments LLC Purchases New Position in Williams-Sonoma, Inc. $WSM

TrueMark Investments LLC purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the 2nd quarter, HoldingsChannel reports. The firm purchased 16,182 shares of the specialty retailer’s stock, valued at approximately $2,644,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of Williams-Sonoma by 2.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer’s stock valued at $493,000 after purchasing an additional 61 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Williams-Sonoma by 15.3% in the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer’s stock valued at $76,000 after purchasing an additional 64 shares in the last quarter. TFB Advisors LLC increased its stake in shares of Williams-Sonoma by 5.5% in the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer’s stock valued at $203,000 after purchasing an additional 67 shares in the last quarter. Groupe la Francaise increased its stake in shares of Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer’s stock valued at $96,000 after purchasing an additional 67 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of Williams-Sonoma by 1.5% in the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer’s stock valued at $757,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the transaction, the executive vice president directly owned 14,003 shares in the company, valued at approximately $2,783,656.37. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares in the company, valued at $6,787,999.92. This represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 114,153 shares of company stock valued at $22,901,008. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research note on Wednesday, July 23rd. Wells Fargo & Company boosted their price objective on Williams-Sonoma from $170.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Monday, August 25th. The Goldman Sachs Group boosted their price objective on Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research note on Thursday, August 28th. Finally, Evercore ISI cut their price objective on Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Two investment 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 assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.56.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $185.65 on Friday. The stock has a market cap of $22.61 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.99 and a beta of 1.55. The stock’s 50 day simple moving average is $196.82 and its 200-day simple moving average is $175.29. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98.

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 the consensus estimate of $1.79 by $0.21. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, research analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The business 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 dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 17th. Williams-Sonoma’s payout ratio is currently 29.04%.

Williams-Sonoma Company 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.