Glenmede Trust Co. NA Sells 42,028 Shares of Williams-Sonoma, Inc. $WSM

Glenmede Trust Co. NA cut its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 18.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 188,906 shares of the specialty retailer’s stock after selling 42,028 shares during the period. Glenmede Trust Co. NA’s holdings in Williams-Sonoma were worth $34,443,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of WSM. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Williams-Sonoma during the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp increased its holdings in Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. MidFirst Bank acquired a new position in Williams-Sonoma in the 4th quarter worth about $30,000. Millstone Evans Group LLC increased its holdings in Williams-Sonoma by 229.4% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 117 shares in the last quarter. Finally, DV Equities LLC bought a new position in Williams-Sonoma in the fourth quarter valued at about $31,000. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Karalyn Yearout sold 1,112 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the transaction, the executive vice president owned 21,717 shares in the company, valued at approximately $4,962,117.33. The trade was a 4.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the completion of the sale, the chief executive officer directly owned 923,524 shares in the company, valued at approximately $184,704,800. This represents a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 36,634 shares of company stock valued at $6,812,283 in the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WSM. Citigroup cut their price target on Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Evercore set a $200.00 price objective on Williams-Sonoma in a research note on Tuesday, April 14th. Telsey Advisory Group reiterated an “outperform” rating and issued a $225.00 price objective (up from $220.00) on shares of Williams-Sonoma in a report on Friday, May 22nd. Royal Bank Of Canada set a $192.00 target price on shares of Williams-Sonoma and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Finally, Morgan Stanley set a $210.00 target price on shares of Williams-Sonoma and gave the stock an “equal weight” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.47.

Williams-Sonoma Trading Down 1.9%

Shares of WSM opened at $228.89 on Friday. The stock’s 50-day moving average price is $221.01 and its two-hundred day moving average price is $203.96. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $244.65. The company has a market capitalization of $26.95 billion, a PE ratio of 25.63, a PEG ratio of 2.56 and a beta of 1.49.

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, beating 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 company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Williams-Sonoma, Inc. will post 9.38 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, July 17th will be issued a $0.76 dividend. The ex-dividend date is Friday, July 17th. This represents a $3.04 annualized dividend and a yield of 1.3%. Williams-Sonoma’s dividend payout ratio is presently 34.04%.

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.