Williams-Sonoma, Inc. $WSM Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its position in Williams-Sonoma, Inc. (NYSE:WSM) by 15.9% in the second quarter, Holdings Channel reports. The firm owned 5,233 shares of the specialty retailer’s stock after selling 987 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Williams-Sonoma were worth $855,000 as of its most recent SEC filing.

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

Insider Activity at Williams-Sonoma

In related news, EVP David Randolph King sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the sale, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the sale, the chief financial officer owned 34,138 shares of the company’s stock, valued at $6,787,999.92. This trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 144,153 shares of company stock valued at $28,287,440. 1.10% of the stock is currently owned by insiders.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $182.50 on Tuesday. Williams-Sonoma, Inc. has a 1-year low of $130.07 and a 1-year high of $219.98. The business’s fifty day moving average price is $189.73 and its two-hundred day moving average price is $183.42. The company has a market capitalization of $21.79 billion, a P/E ratio of 20.08, a PEG ratio of 3.16 and a beta of 1.56.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period last year, the company earned $1.96 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, October 17th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, October 17th. Williams-Sonoma’s payout ratio is 29.04%.

Analyst Ratings Changes

Several research analysts have recently commented on WSM shares. Argus set a $212.00 price target on shares of Williams-Sonoma in a report on Tuesday, September 2nd. TD Cowen lowered their target price on Williams-Sonoma from $225.00 to $210.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Morgan Stanley increased their price target on Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. Evercore ISI reduced their price objective on 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. Finally, Royal Bank Of Canada set a $206.00 price objective on Williams-Sonoma and gave the stock an “outperform” rating in a research note on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of “Moderate Buy” and a consensus target price of $199.00.

About Williams-Sonoma

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.