MainStreet Investment Advisors LLC Cuts Holdings in Williams-Sonoma, Inc. $WSM

MainStreet Investment Advisors LLC lowered its position in Williams-Sonoma, Inc. (NYSE:WSM) by 22.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,468 shares of the specialty retailer’s stock after selling 428 shares during the period. MainStreet Investment Advisors LLC’s holdings in Williams-Sonoma were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Maseco LLP purchased a new position in shares of Williams-Sonoma in the 2nd quarter valued at about $26,000. Quarry LP increased its position in shares of Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Williams-Sonoma during the 1st quarter worth approximately $32,000. Richardson Financial Services Inc. acquired a new position in shares of Williams-Sonoma during the 2nd quarter worth approximately $48,000. Finally, Cromwell Holdings LLC lifted its position in shares of Williams-Sonoma by 7,675.0% during the 2nd quarter. Cromwell Holdings LLC now owns 311 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 307 shares in the last quarter. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Laura Alber sold 90,000 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the completion of the sale, the chief executive officer directly owned 876,927 shares in the company, valued at approximately $175,534,477.59. This trade represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the transaction, the executive vice president directly owned 14,003 shares in the company, valued at $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 114,153 shares of company stock valued at $22,901,008 over the last 90 days. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Price Performance

WSM opened at $181.03 on Wednesday. The firm has a market capitalization of $22.05 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56. The company’s 50 day simple moving average is $193.46 and its two-hundred day simple moving average is $182.57. Williams-Sonoma, Inc. has a 1-year low of $130.07 and a 1-year high of $219.98.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the business earned $1.74 earnings per share. 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. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.5%. Williams-Sonoma’s dividend payout ratio (DPR) is 29.04%.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Evercore ISI reduced their price target on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a research report on Tuesday, October 14th. Royal Bank Of Canada lifted their price objective on Williams-Sonoma from $212.00 to $213.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Morgan Stanley boosted their price objective on Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Finally, Weiss Ratings downgraded Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $199.94.

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.