Williams-Sonoma, Inc. $WSM Shares Sold by Curat Global LLC

Curat Global LLC decreased its position in Williams-Sonoma, Inc. (NYSE:WSM) by 66.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the specialty retailer’s stock after selling 6,000 shares during the quarter. Curat Global LLC’s holdings in Williams-Sonoma were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Williams-Sonoma in the 1st quarter valued at about $895,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Williams-Sonoma by 128.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock valued at $34,410,000 after purchasing an additional 122,180 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Williams-Sonoma by 10.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer’s stock valued at $2,751,000 after buying an additional 1,673 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Williams-Sonoma by 26.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer’s stock valued at $2,245,000 after buying an additional 2,945 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in Williams-Sonoma in the 1st quarter valued at about $309,000. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on WSM shares. Royal Bank Of Canada lifted their price target on Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Citigroup lifted their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of Williams-Sonoma in a report on Friday. Evercore ISI lowered their price target on Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a report on Tuesday, October 14th. Finally, Wells Fargo & Company lifted their price target on Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $198.56.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the transaction, the chief executive officer owned 876,927 shares in the company, valued at $175,534,477.59. This represents a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of the company’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 completion of the transaction, the chief financial officer owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. This represents a 8.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 114,153 shares of company stock worth $22,901,008 in the last 90 days. 1.10% of the stock is owned by insiders.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $189.27 on Monday. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The stock has a market capitalization of $23.05 billion, a P/E ratio of 20.82, a PEG ratio of 3.05 and a beta of 1.55. The stock has a 50-day simple moving average of $195.22 and a 200-day simple moving average of $177.10.

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

Williams-Sonoma Dividend Announcement

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

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.