1,536 Shares in Williams-Sonoma, Inc. $WSM Purchased by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group Insurance Agency LLC acquired 1,536 shares of Williams-Sonoma, Inc. for about $251,000 in the second quarter, adding to the company’s strong institutional investor ownership of 99.29%.
• Analysts have a consensus rating of "Moderate Buy" for Williams-Sonoma, with price targets ranging from $199.11 to $230.00, reflecting positive market sentiment and growth potential.
• The company recently announced a quarterly dividend of $0.66, representing an annualized yield of 1.3% with a payout ratio of 29.04%.

Patriot Financial Group Insurance Agency LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,536 shares of the specialty retailer's stock, valued at approximately $251,000.

Several other hedge funds have also recently modified their holdings of WSM. Maseco LLP purchased a new stake in shares of Williams-Sonoma during the second quarter valued at approximately $26,000. Quarry LP grew its stake in Williams-Sonoma by 99.0% in the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer's stock valued at $31,000 after purchasing an additional 99 shares during the period. Costello Asset Management INC purchased a new stake in shares of Williams-Sonoma during the 1st quarter valued at $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of Williams-Sonoma during the 1st quarter worth $33,000. Finally, Wayfinding Financial LLC purchased a new position in shares of Williams-Sonoma in the 1st quarter worth about $35,000. Institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on WSM shares. Gordon Haskett upgraded shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Wednesday, July 23rd. Telsey Advisory Group restated an "outperform" rating and set a $215.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 28th. Morgan Stanley upped their price objective on Williams-Sonoma from $185.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Evercore ISI increased their price objective on Williams-Sonoma from $200.00 to $210.00 and gave the company an "in-line" rating in a report on Thursday, August 28th. Finally, KeyCorp raised their target price on Williams-Sonoma from $181.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Williams-Sonoma has a consensus rating of "Moderate Buy" and a consensus price target of $199.11.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $199.29 on Monday. The stock has a fifty day moving average of $197.90 and a 200-day moving average of $173.59. The stock has a market cap of $24.27 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 3.22 and a beta of 1.55. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $1.74 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders 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 yield of 1.3%. Williams-Sonoma's dividend payout ratio is currently 29.04%.

Insider Activity

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the firm's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total value of $695,765.00. Following the completion of the transaction, the executive vice president directly owned 14,003 shares of the company's stock, valued at $2,783,656.37. This trade represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Randolph King sold 17,500 shares of the company's stock in a transaction on Monday, September 8th. The stock was 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 directly owned 98,560 shares in the company, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,153 shares of company stock valued at $27,946,408. 1.10% of the stock is owned by company 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.

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