Williams-Sonoma (NYSE:WSM) EVP Karalyn Yearout Sells 1,000 Shares of Stock

Williams-Sonoma, Inc. (NYSE:WSM) EVP Karalyn Yearout sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the sale, the executive vice president owned 20,717 shares in the company, valued at $5,179,250. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Karalyn Yearout also recently made the following trade(s):

• On Monday, June 15th, Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock. The stock was sold at an average price of $228.49, for a total transaction of $254,080.88.
• On Monday, June 8th, Karalyn Yearout sold 522 shares of Williams-Sonoma stock. The stock was sold at an average price of $203.07, for a total transaction of $106,002.54.

Williams-Sonoma Stock Down 0.7%

Shares of WSM stock opened at $246.57 on Friday. Williams-Sonoma, Inc. has a 12-month low of $165.51 and a 12-month high of $252.99. The company has a market capitalization of $29.03 billion, a P/E ratio of 27.61, a P/E/G ratio of 2.72 and a beta of 1.50. The firm has a 50-day moving average price of $224.69 and a 200 day moving average price of $204.98.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.85 earnings per share. As a group, research analysts expect that Williams-Sonoma, Inc. will post 9.38 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, July 17th. Williams-Sonoma’s payout ratio is presently 34.04%.

Wall Street Analyst Weigh In

WSM has been the subject of several research analyst reports. 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 research report on Friday, May 22nd. Bank of America assumed coverage on Williams-Sonoma in a report on Friday, June 12th. They set a “buy” rating and a $250.00 target price on the stock. Morgan Stanley set a $210.00 target price on Williams-Sonoma and gave the company an “equal weight” rating in a research note on Friday, May 22nd. Piper Sandler initiated coverage on shares of Williams-Sonoma in a research report on Monday, July 27th. They set an “overweight” rating and a $253.00 price target on the stock. Finally, Wells Fargo & Company set a $190.00 price objective 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Moderate Buy” and an average price target of $217.82.

Institutional Investors Weigh In On Williams-Sonoma

Hedge funds and other institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp lifted its stake 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. Diversify Advisory Services LLC grew its position in shares of Williams-Sonoma by 1.8% during the fourth quarter. Diversify Advisory Services LLC now owns 2,878 shares of the specialty retailer’s stock valued at $514,000 after purchasing an additional 51 shares in the last quarter. Mutual Advisors LLC grew its position in shares of Williams-Sonoma by 4.2% during the fourth quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer’s stock valued at $247,000 after purchasing an additional 56 shares in the last quarter. Arjuna Capital increased its holdings in shares of Williams-Sonoma by 1.6% in the fourth quarter. Arjuna Capital now owns 3,564 shares of the specialty retailer’s stock worth $636,000 after purchasing an additional 57 shares during the last quarter. Finally, Florida Financial Advisors LLC increased its holdings in shares of Williams-Sonoma by 2.3% in the fourth quarter. Florida Financial Advisors LLC now owns 2,534 shares of the specialty retailer’s stock worth $453,000 after purchasing an additional 58 shares during the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

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.