Williams-Sonoma, Inc. $WSM Shares Purchased by Private Trust Co. NA

Private Trust Co. NA boosted its position in Williams-Sonoma, Inc. (NYSE:WSM) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,343 shares of the specialty retailer’s stock after acquiring an additional 198 shares during the quarter. Private Trust Co. NA’s holdings in Williams-Sonoma were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Williams-Sonoma in the first quarter valued at $895,000. Sequoia Financial Advisors LLC boosted its holdings in Williams-Sonoma by 26.4% in the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer’s stock valued at $7,019,000 after acquiring an additional 9,266 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Williams-Sonoma by 128.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock valued at $34,410,000 after acquiring an additional 122,180 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Williams-Sonoma by 10.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer’s stock valued at $2,751,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Williams-Sonoma by 26.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer’s stock valued at $2,245,000 after acquiring an additional 2,945 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $185.65 on Monday. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The firm has a market cap of $22.61 billion, a price-to-earnings ratio of 20.42, a PEG 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 $175.55.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the previous year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, research analysts predict that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be 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 of this dividend is Friday, October 17th. Williams-Sonoma’s payout ratio is presently 29.04%.

Analyst Ratings Changes

WSM has been the topic of several research reports. Wells Fargo & Company raised their price objective on Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, August 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. Argus set a $212.00 price objective on Williams-Sonoma in a research report on Tuesday, September 2nd. Morgan Stanley raised their price objective on Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.56.

Insiders Place Their Bets

In other news, 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 sale, the executive vice president directly owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 114,153 shares of company stock valued at $22,901,008 in the last three months. 1.10% of the stock is owned by insiders.

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.