Williams-Sonoma, Inc. $WSM Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 23.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 830 shares of the specialty retailer’s stock after selling 260 shares during the period. Spire Wealth Management’s holdings in Williams-Sonoma were worth $136,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Williams-Sonoma by 21.8% in the 1st quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer’s stock valued at $2,471,152,000 after purchasing an additional 2,797,562 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Williams-Sonoma by 34.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,436,839 shares of the specialty retailer’s stock valued at $227,164,000 after purchasing an additional 365,718 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Williams-Sonoma by 31.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,076,959 shares of the specialty retailer’s stock valued at $170,267,000 after purchasing an additional 254,550 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Williams-Sonoma by 8.0% in the 2nd quarter. Nordea Investment Management AB now owns 816,176 shares of the specialty retailer’s stock valued at $133,029,000 after purchasing an additional 60,163 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Williams-Sonoma by 740.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock valued at $96,664,000 after purchasing an additional 521,283 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Laura Alber sold 90,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the transaction, the chief executive officer owned 876,927 shares of the company’s stock, valued at approximately $175,534,477.59. This represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Jeffrey Howie sold 3,153 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on WSM shares. Evercore ISI cut their target price on Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 14th. Morgan Stanley boosted their price target on Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Citigroup boosted their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and a consensus price target of $198.56.

Williams-Sonoma Price Performance

Shares of NYSE WSM opened at $194.03 on Wednesday. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The business’s fifty day moving average price is $194.56 and its two-hundred day moving average price is $179.82. The firm has a market capitalization of $23.63 billion, a PE ratio of 21.35, a P/E/G ratio of 3.16 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM) last issued its earnings results 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 return on equity of 54.47% and a net margin of 14.54%.The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $1.74 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders 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 annualized dividend and a dividend yield of 1.4%. Williams-Sonoma’s dividend payout ratio is presently 29.04%.

Williams-Sonoma 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.