Parsons Capital Management Inc. RI Sells 142 Shares of Williams-Sonoma, Inc. $WSM

Parsons Capital Management Inc. RI cut its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,557 shares of the specialty retailer’s stock after selling 142 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Williams-Sonoma were worth $2,705,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of WSM. Parallel Advisors LLC boosted its position in shares of 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 buying an additional 61 shares during the period. Hemington Wealth Management boosted its position in shares of 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 buying an additional 64 shares during the period. TFB Advisors LLC boosted its position in shares of 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 buying an additional 67 shares during the period. Groupe la Francaise boosted its position in shares of 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 buying an additional 67 shares during the period. Finally, Graypoint LLC boosted its position in shares of 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 buying an additional 69 shares during the period. 99.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on WSM shares. JPMorgan Chase & Co. boosted their target price on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a research report on Thursday, August 28th. UBS Group set a $200.00 target price on Williams-Sonoma in a research report on Thursday, August 28th. Gordon Haskett upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company lifted their price target on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.11.

Williams-Sonoma Trading Down 0.2%

Shares of WSM stock opened at $195.08 on Thursday. The business’s fifty day simple moving average is $197.25 and its 200-day simple moving average is $173.15. The company has a market cap of $23.76 billion, a PE ratio of 21.46, a PEG ratio of 3.15 and a beta of 1.55. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98.

Williams-Sonoma (NYSE:WSM) last issued its quarterly 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. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. Williams-Sonoma’s payout ratio is 29.04%.

Insider Activity at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 24th. The shares were 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 $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were 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 in the company, valued at $6,787,999.92. This trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,153 shares of company stock valued at $27,946,408 over the last three months. 1.10% of the stock is owned by corporate insiders.

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.