Williams-Sonoma, Inc. $WSM Shares Sold by RFG Advisory LLC

RFG Advisory LLC cut its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 35.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,232 shares of the specialty retailer’s stock after selling 1,220 shares during the period. RFG Advisory LLC’s holdings in Williams-Sonoma were worth $365,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Williams-Sonoma in the first quarter worth approximately $895,000. Sequoia Financial Advisors LLC raised its holdings in Williams-Sonoma by 26.4% in the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer’s stock valued at $7,019,000 after buying an additional 9,266 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Williams-Sonoma by 128.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock valued at $34,410,000 after buying an additional 122,180 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Williams-Sonoma by 10.6% in the first 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. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Williams-Sonoma by 26.2% in the first 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. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Stock Down 1.0%

WSM opened at $185.65 on Friday. The firm has a market capitalization of $22.61 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.99 and a beta of 1.55. The firm’s 50 day moving average is $196.82 and its 200-day moving average is $175.29. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98.

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

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid 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 dividend payout ratio (DPR) is currently 29.04%.

Analyst Ratings Changes

WSM has been the topic of several research reports. Evercore ISI cut their price target on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. UBS Group set a $200.00 price target on shares of Williams-Sonoma in a report on Thursday, August 28th. The Goldman Sachs Group raised their price target on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Williams-Sonoma in a report on Wednesday, October 8th. Finally, Argus set a $212.00 price target on shares of Williams-Sonoma in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.56.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction on Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the sale, the chief executive officer owned 876,927 shares in the company, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the sale, the chief financial officer owned 34,138 shares of the company’s stock, valued at approximately $6,787,999.92. This trade represents a 8.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 114,153 shares of company stock worth $22,901,008 in the last ninety days. 1.10% of the stock is currently owned by corporate 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.