Amundi Has $105.15 Million Stock Holdings in Williams-Sonoma, Inc. $WSM

Key Points

• Amundi reduced its Williams-Sonoma stake by 10.6% in the second quarter, selling 53,345 shares and retaining 451,112 shares valued at approximately $105.15 million. Institutional investors collectively own 99.29% of the company.
• Williams-Sonoma reported quarterly EPS of $2.10, slightly ahead of the $2.08 consensus, while revenue rose 6.7% year over year to $1.96 billion. Analysts expect full-year earnings of $9.48 per share.
• Wall Street maintains a “Moderate Buy” consensus, with 10 Buy ratings and eight Holds and an average price target of $245.56, above the stock’s reported $227.96 price.

Amundi lowered its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 10.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 451,112 shares of the specialty retailer's stock after selling 53,345 shares during the quarter. Amundi owned about 0.38% of Williams-Sonoma worth $105,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of WSM. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Williams-Sonoma during the 2nd quarter valued at $24,406,000. California State Teachers Retirement System grew its position in Williams-Sonoma by 21,796.7% in the 2nd quarter. California State Teachers Retirement System now owns 36,913,716 shares of the specialty retailer's stock worth $8,604,587,000 after purchasing an additional 36,745,135 shares during the last quarter. Wedmont Private Capital grew its position in Williams-Sonoma by 3.4% in the 2nd quarter. Wedmont Private Capital now owns 2,937 shares of the specialty retailer's stock worth $651,000 after purchasing an additional 96 shares during the last quarter. Saudi Central Bank increased its holdings in shares of Williams-Sonoma by 89.1% during the 2nd quarter. Saudi Central Bank now owns 8,331 shares of the specialty retailer's stock worth $1,942,000 after purchasing an additional 3,925 shares during the period. Finally, Compass Financial Management LLC bought a new position in shares of Williams-Sonoma during the 2nd quarter worth about $174,000. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Trading Up 0.1%

NYSE WSM opened at $227.96 on Thursday. The company has a market capitalization of $26.85 billion, a PE ratio of 23.33, a P/E/G ratio of 2.45 and a beta of 1.47. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $254.89. The stock has a 50-day simple moving average of $232.18 and a 200 day simple moving average of $209.14.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings data on Wednesday, August 26th. The specialty retailer reported $2.10 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. Williams-Sonoma had a net margin of 14.73% and a return on equity of 53.48%. The business had revenue of $1.96 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The firm's quarterly revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts predict that Williams-Sonoma, Inc. will post 9.48 earnings per share for the current fiscal year.

Insider Activity at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 522 shares of the company's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $246.39, for a total transaction of $128,615.58. Following the sale, the executive vice president owned 20,195 shares in the company, valued at approximately $4,975,846.05. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 2,634 shares of company stock valued at $632,696 over the last 90 days. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

WSM has been the subject of a number of research reports. Argus raised their price objective on Williams-Sonoma from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Wells Fargo & Company upped their target price on Williams-Sonoma from $190.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, August 11th. Guggenheim reaffirmed a "neutral" rating on shares of Williams-Sonoma in a research report on Thursday, August 27th. TD Cowen reaffirmed a "buy" rating on shares of Williams-Sonoma in a research report on Monday, August 10th. Finally, Credit Suisse Group set a $261.00 price target on shares of Williams-Sonoma in a report on Monday, August 24th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $245.56.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc is a specialty retailer focused on high-quality home furnishings, housewares and lifestyle products. The company sells furniture, bedding, bath goods, lighting, rugs, window treatments, home décor, kitchen equipment, cookware, tabletop products, outdoor furnishings and related accessories through e-commerce platforms, catalogs and retail stores.

The company operates a portfolio of brands that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Mark & Graham and Rejuvenation.

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