Quadrant Capital Group LLC Sells 381 Shares of Williams-Sonoma, Inc. $WSM

Quadrant Capital Group LLC lowered its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 4.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,553 shares of the specialty retailer’s stock after selling 381 shares during the period. Quadrant Capital Group LLC’s holdings in Williams-Sonoma were worth $1,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings 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 valued at $2,471,152,000 after buying an additional 2,797,562 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Williams-Sonoma by 34.1% during 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 acquiring an additional 365,718 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Williams-Sonoma by 44.9% in the second quarter. JPMorgan Chase & Co. now owns 1,256,734 shares of the specialty retailer’s stock valued at $205,317,000 after acquiring an additional 389,548 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Williams-Sonoma by 1.3% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,090,811 shares of the specialty retailer’s stock valued at $178,206,000 after acquiring an additional 13,852 shares during the period. Finally, Nordea Investment Management AB boosted its position in Williams-Sonoma by 8.0% in the second quarter. Nordea Investment Management AB now owns 816,176 shares of the specialty retailer’s stock worth $133,029,000 after purchasing an additional 60,163 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. KeyCorp upped their price target on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, August 25th. Argus set a $212.00 target price on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. The Goldman Sachs Group increased their price target on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Morgan Stanley lifted their price target on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 28th. Finally, TD Cowen cut their price objective on shares of Williams-Sonoma from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $199.00.

Williams-Sonoma Price Performance

WSM opened at $180.26 on Friday. The company has a 50 day simple moving average of $190.01 and a two-hundred day simple moving average of $183.26. The firm has a market cap of $21.52 billion, a P/E ratio of 19.83, a PEG ratio of 3.16 and a beta of 1.56. Williams-Sonoma, Inc. has a 1-year low of $130.07 and a 1-year high of $219.98.

Williams-Sonoma (NYSE:WSM) last released its earnings results on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. Williams-Sonoma’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.96 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, October 17th were given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, October 17th. Williams-Sonoma’s payout ratio is presently 29.04%.

Insiders Place Their Bets

In related news, CFO Jeffrey Howie sold 3,153 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the transaction, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Randolph King sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $203.60, for a total value 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 $20,066,816. The trade was a 15.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 144,153 shares of company stock worth $28,287,440. 1.10% of the stock is currently owned by insiders.

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.