3Chopt Investment Partners LLC Takes Position in Williams-Sonoma, Inc. $WSM

Key Points

• 3Chopt Investment Partners LLC has acquired a new stake in Williams-Sonoma, Inc., purchasing 2,216 shares valued at approximately $362,000.
• Williams-Sonoma reported a second-quarter earnings per share of $2.00, exceeding the consensus estimate of $1.79 and showing a 2.7% increase in revenue year-over-year.
• A quarterly dividend of $0.66 per share was declared, set to be paid on November 21st, with an annualized dividend yield of 1.5% and a payout ratio of 29.04%.

3Chopt Investment Partners LLC bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,216 shares of the specialty retailer's stock, valued at approximately $362,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Maseco LLP bought a new stake in shares of Williams-Sonoma in the 2nd quarter valued at about $26,000. Quarry LP lifted its stake in shares of 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 acquiring an additional 99 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Williams-Sonoma in the 1st quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in shares of Williams-Sonoma in the 1st quarter valued at about $35,000. Finally, Golden State Wealth Management LLC lifted its stake in shares of Williams-Sonoma by 123.6% in the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock valued at $39,000 after acquiring an additional 136 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Performance

WSM stock opened at $181.42 on Friday. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The business's 50 day moving average price is $198.04 and its two-hundred day moving average price is $174.26. The company has a market capitalization of $22.10 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 3.05 and a beta of 1.55.

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

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors 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 1.5%. Williams-Sonoma's dividend payout ratio is presently 29.04%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Citigroup upped their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. UBS Group set a $200.00 price target on Williams-Sonoma in a research report on Thursday, August 28th. Wells Fargo & Company upped their price target on Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, August 25th. Evercore ISI upped their price target on Williams-Sonoma from $200.00 to $210.00 and gave the company an "in-line" rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group upped their price target on Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $199.11.

Insider Buying and Selling

In related news, 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 sale, the executive vice president owned 98,560 shares in the company, valued at $20,066,816. This represents a 15.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer owned 34,138 shares in the company, valued at $6,787,999.92. The trade was a 8.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 144,153 shares of company stock worth $27,946,408. 1.10% of the stock is currently owned by corporate insiders.

Williams-Sonoma 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.

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