Consolidated Planning Corp Increases Stock Position in Williams-Sonoma, Inc. $WSM

Consolidated Planning Corp grew its position in Williams-Sonoma, Inc. (NYSE:WSM) by 15.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,764 shares of the specialty retailer’s stock after purchasing an additional 1,670 shares during the period. Consolidated Planning Corp’s holdings in Williams-Sonoma were worth $2,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Williams-Sonoma in the first quarter valued at about $895,000. Sequoia Financial Advisors LLC increased its holdings in Williams-Sonoma by 26.4% during the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer’s stock worth $7,019,000 after buying an additional 9,266 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Williams-Sonoma by 128.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock worth $34,410,000 after buying an additional 122,180 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Williams-Sonoma by 10.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer’s stock worth $2,751,000 after buying an additional 1,673 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Williams-Sonoma by 26.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer’s stock worth $2,245,000 after buying an additional 2,945 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Analysts Set New Price Targets

WSM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective 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. Citigroup raised their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 28th. Argus set a $212.00 price objective on shares of Williams-Sonoma in a report on Tuesday, September 2nd. Finally, KeyCorp raised their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Williams-Sonoma currently has an average rating of “Moderate Buy” and a consensus price target of $199.11.

Insider Activity

In related news, EVP David Randolph King sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. The trade was a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of the business’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 transaction of $695,765.00. Following the transaction, the executive vice president directly owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 144,153 shares of company stock valued at $27,946,408 over the last ninety days. 1.10% of the stock is owned by insiders.

Williams-Sonoma Stock Down 0.2%

WSM opened at $195.08 on Thursday. The company has a market capitalization of $23.76 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 3.15 and a beta of 1.55. The firm has a 50-day moving average price of $197.25 and a 200-day moving average price of $173.15. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98.

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

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a $0.66 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

About Williams-Sonoma

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.