Williams-Sonoma, Inc. $WSM Shares Sold by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC lowered its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 22.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,468 shares of the specialty retailer’s stock after selling 428 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Williams-Sonoma were worth $240,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Williams-Sonoma by 21.8% during the 1st quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer’s stock worth $2,471,152,000 after purchasing an additional 2,797,562 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Williams-Sonoma by 34.1% in the first 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 buying an additional 365,718 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Williams-Sonoma by 31.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,076,959 shares of the specialty retailer’s stock worth $170,267,000 after buying an additional 254,550 shares during the period. Nordea Investment Management AB increased its position in shares of Williams-Sonoma by 8.0% during the second quarter. Nordea Investment Management AB now owns 816,176 shares of the specialty retailer’s stock valued at $133,029,000 after acquiring an additional 60,163 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Williams-Sonoma by 740.4% during the second quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock valued at $96,664,000 after acquiring an additional 521,283 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Karalyn Yearout sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total value of $695,765.00. Following the sale, the executive vice president owned 14,003 shares of the company’s stock, valued at $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares of the company’s stock, valued at $6,787,999.92. This represents a 8.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Stock Down 0.2%

Shares of WSM stock opened at $181.03 on Wednesday. Williams-Sonoma, Inc. has a 52 week low of $130.07 and a 52 week high of $219.98. The stock has a market capitalization of $22.05 billion, a PE ratio of 19.92, a P/E/G ratio of 3.16 and a beta of 1.56. The firm has a 50 day moving average of $193.46 and a two-hundred day moving average of $182.57.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share 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 analyst estimates of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. Analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.5%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Analyst Ratings Changes

Several brokerages have recently commented on WSM. Evercore ISI decreased their price objective on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Telsey Advisory Group boosted their target price on Williams-Sonoma from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, November 14th. Morgan Stanley upped their price target on Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. The Goldman Sachs Group lifted their price objective on Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a research note on Thursday, August 28th. Finally, JPMorgan Chase & Co. boosted their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $199.94.

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.