Impact Investors Inc Sells 2,420 Shares of Williams-Sonoma, Inc. $WSM

Impact Investors Inc trimmed its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 28.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,145 shares of the specialty retailer’s stock after selling 2,420 shares during the period. Williams-Sonoma accounts for 0.8% of Impact Investors Inc’s portfolio, making the stock its 28th largest holding. Impact Investors Inc’s holdings in Williams-Sonoma were worth $1,120,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of WSM. Norges Bank purchased a new position in shares of Williams-Sonoma in the fourth quarter valued at $316,920,000. Boston Partners bought a new stake in Williams-Sonoma in the third quarter worth $254,778,000. Victory Capital Management Inc. raised its stake in Williams-Sonoma by 86.0% during the fourth quarter. Victory Capital Management Inc. now owns 1,117,119 shares of the specialty retailer’s stock valued at $199,506,000 after purchasing an additional 516,593 shares in the last quarter. Wellington Management Group LLP lifted its position in Williams-Sonoma by 4,142.7% during the third quarter. Wellington Management Group LLP now owns 478,072 shares of the specialty retailer’s stock valued at $93,439,000 after purchasing an additional 466,804 shares during the last quarter. Finally, Man Group plc lifted its position in Williams-Sonoma by 623.0% during the second quarter. Man Group plc now owns 394,310 shares of the specialty retailer’s stock valued at $64,418,000 after purchasing an additional 339,771 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $218.90 on Thursday. The firm has a market capitalization of $25.78 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.44 and a beta of 1.49. The business has a 50 day simple moving average of $205.32 and a two-hundred day simple moving average of $199.68. Williams-Sonoma, Inc. has a 1 year low of $161.76 and a 1 year high of $244.65.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.13. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Williams-Sonoma, Inc. will post 9.39 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, July 17th. Williams-Sonoma’s dividend payout ratio (DPR) is 22.17%.

Insiders Place Their Bets

In other news, EVP Karalyn Yearout sold 1,112 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $228.49, for a total transaction of $254,080.88. Following the completion of the sale, the executive vice president directly owned 21,717 shares of the company’s stock, valued at approximately $4,962,117.33. The trade was a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the completion of the transaction, the chief executive officer directly owned 923,524 shares in the company, valued at $184,704,800. This represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 51,634 shares of company stock valued at $9,812,283 over the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the subject of a number of recent research reports. TD Cowen dropped their price objective on shares of Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Robert W. Baird decreased their target price on shares of Williams-Sonoma from $235.00 to $225.00 and set an “outperform” rating on the stock in a research report on Thursday, March 19th. KeyCorp increased their price target on shares of Williams-Sonoma from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday. Royal Bank Of Canada set a $192.00 price objective on Williams-Sonoma and gave the company an “outperform” rating in a research note on Friday, May 22nd. Finally, Evercore set a $200.00 price target on Williams-Sonoma in a research report on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, Williams-Sonoma currently has an average rating of “Moderate Buy” and a consensus price target of $212.65.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.