7,490 Shares in Williams-Sonoma, Inc. $WSM Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,490 shares of the specialty retailer’s stock, valued at approximately $1,746,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Williams-Sonoma during the 4th quarter worth about $25,000. Atlantic Union Bankshares Corp boosted its stake in Williams-Sonoma by 51.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after buying an additional 50 shares during the period. MidFirst Bank purchased a new position in Williams-Sonoma during the fourth quarter worth about $30,000. Ballast Advisors LLC acquired a new stake in shares of Williams-Sonoma during the first quarter valued at about $30,000. Finally, Millstone Evans Group LLC increased its position in shares of Williams-Sonoma by 229.4% during the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock valued at $31,000 after acquiring an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the sale, the chief executive officer owned 923,524 shares of the company’s stock, valued at $184,704,800. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 522 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $246.39, for a total transaction of $128,615.58. Following the sale, the executive vice president owned 20,195 shares in the company, valued at $4,975,846.05. The trade was a 2.52% 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. In the last 90 days, insiders have sold 18,156 shares of company stock worth $3,738,699. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on WSM shares. TD Cowen restated a “buy” rating on shares of Williams-Sonoma in a report on Monday, August 10th. Royal Bank Of Canada boosted their target price on Williams-Sonoma from $192.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday. Wells Fargo & Company upped their price target on Williams-Sonoma from $190.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 11th. Piper Sandler assumed coverage on Williams-Sonoma in a research report on Monday, July 27th. They set an “overweight” rating and a $253.00 price target for the company. Finally, KeyCorp lifted their price objective on Williams-Sonoma from $230.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. One research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $231.88.

Williams-Sonoma Stock Down 0.1%

Williams-Sonoma stock opened at $241.33 on Monday. Williams-Sonoma, Inc. has a 52-week low of $165.51 and a 52-week high of $254.89. The firm has a market cap of $28.42 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 2.65 and a beta of 1.50. The company’s 50 day moving average is $229.71 and its two-hundred day moving average is $206.60.

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

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 17th will be issued a dividend of $0.76 per share. 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 34.04%.

About Williams-Sonoma

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.