OFI Invest Asset Management Has $107,000 Position in Williams-Sonoma, Inc. $WSM

OFI Invest Asset Management grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 69.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 652 shares of the specialty retailer’s stock after purchasing an additional 268 shares during the quarter. OFI Invest Asset Management’s holdings in Williams-Sonoma were worth $107,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in WSM. Parallel Advisors LLC boosted its holdings in Williams-Sonoma by 2.1% during the second 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 boosted its holdings in Williams-Sonoma by 15.3% during the first 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 boosted its holdings in Williams-Sonoma by 5.5% during the first 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 boosted its holdings in Williams-Sonoma by 13.0% during the first 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 boosted its holdings in Williams-Sonoma by 1.5% during the first 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. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Price Performance

WSM stock opened at $181.42 on Monday. The company has a 50 day moving average price of $198.04 and a 200 day moving average price of $174.39. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The stock has a market capitalization of $22.10 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data 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. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company posted $1.74 EPS. Williams-Sonoma’s revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

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

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the sale, the executive vice president owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction 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 sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at $6,787,999.92. This represents a 8.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,153 shares of company stock worth $27,946,408. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on WSM shares. KeyCorp lifted their target price on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, August 25th. UBS Group set a $200.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 28th. Royal Bank Of Canada lifted their target price on shares of Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Argus set a $212.00 target price on shares of Williams-Sonoma in a research note on Tuesday, September 2nd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams-Sonoma in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $199.11.

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.