Forum Financial Management LP Buys 234 Shares of Williams-Sonoma, Inc. $WSM

Forum Financial Management LP increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,856 shares of the specialty retailer’s stock after acquiring an additional 234 shares during the quarter. Forum Financial Management LP’s holdings in Williams-Sonoma were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC lifted its position 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 during the last quarter. Hemington Wealth Management lifted its position 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 during the last quarter. TFB Advisors LLC lifted its position 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 during the last quarter. Groupe la Francaise lifted its position 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 during the last quarter. Finally, Graypoint LLC lifted its position 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 during the last quarter. Institutional investors own 99.29% of the company’s stock.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 transaction 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 trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 114,153 shares of company stock valued at $22,901,008 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on WSM. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Friday. Royal Bank Of Canada increased their price objective on shares of Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Telsey Advisory Group restated an “outperform” rating and issued a $215.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Wednesday, July 23rd. Two investment 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $198.56.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $189.27 on Monday. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.55. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The firm has a 50-day moving average of $195.22 and a two-hundred day moving average of $177.10.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.21. The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

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