Allianz Asset Management GmbH Boosts Holdings in Williams-Sonoma, Inc. $WSM

Key Points

• Allianz Asset Management GmbH increased its shares in Williams-Sonoma by 180.4% during Q2, totaling 36,267 shares worth approximately $5.93 million.
• Multiple analysts have varying ratings on Williams-Sonoma's stock, with price targets ranging from $200.00 to $230.00 and a consensus rating of "Moderate Buy."
• Williams-Sonoma declared a quarterly dividend of $0.66 per share, set to be paid on November 21, with a dividend yield of 1.4%.

Allianz Asset Management GmbH increased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 180.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,267 shares of the specialty retailer's stock after buying an additional 23,331 shares during the quarter. Allianz Asset Management GmbH's holdings in Williams-Sonoma were worth $5,925,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its stake in Williams-Sonoma by 2.1% during the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after acquiring an additional 61 shares during the last quarter. Hemington Wealth Management grew its holdings in shares of Williams-Sonoma by 15.3% during the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after purchasing an additional 64 shares during the period. TFB Advisors LLC increased its position in shares of Williams-Sonoma by 5.5% during the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after purchasing an additional 67 shares during the last quarter. Groupe la Francaise raised its holdings in Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock valued at $96,000 after buying an additional 67 shares during the period. Finally, Graypoint LLC lifted its position in Williams-Sonoma by 1.5% in the first quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock valued at $757,000 after buying an additional 69 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on WSM shares. Evercore ISI dropped their price target on shares of Williams-Sonoma from $210.00 to $200.00 and set an "in-line" rating for the company in a research report on Tuesday, October 14th. Telsey Advisory Group reiterated an "outperform" rating and issued a $215.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. KeyCorp boosted their target price on Williams-Sonoma from $181.00 to $230.00 and gave the company an "overweight" rating in a research report on Monday, August 25th. Morgan Stanley raised their price target on Williams-Sonoma from $185.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Finally, Argus set a $212.00 price objective on Williams-Sonoma in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $198.56.

Williams-Sonoma Stock Down 1.6%

NYSE:WSM opened at $187.77 on Thursday. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The company has a fifty day simple moving average of $195.85 and a two-hundred day simple moving average of $176.07. The company has a market cap of $22.87 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 3.08 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its earnings results 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. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business posted $1.74 earnings per share. Williams-Sonoma'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, analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend 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 currently 29.04%.

Insider Activity

In other Williams-Sonoma news, CEO Laura Alber sold 90,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction 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. The trade was a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Randolph King sold 17,500 shares of the firm's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the sale, the executive vice president owned 98,560 shares in the company, valued at $20,066,816. The trade was a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,153 shares of company stock valued at $22,901,008 over the last three months. 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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