Williams-Sonoma, Inc. $WSM Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Williams-Sonoma, Inc. by 14.7%, selling 141,332 shares, and currently owns 0.67% of the company valued at approximately $122.5 million.
• Recent analyst actions include Goldman Sachs raising its target price for Williams-Sonoma from $179 to $203, indicating a consensus rating of "Moderate Buy" with an average price target of $199.11.
• Williams-Sonoma has announced a quarterly dividend of $0.66 per share, representing an annualized dividend yield of 1.3% as of this announcement.

Amundi cut its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 14.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 820,627 shares of the specialty retailer's stock after selling 141,332 shares during the period. Amundi owned about 0.67% of Williams-Sonoma worth $122,493,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised 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 last quarter. Heck Capital Advisors LLC acquired a new position in shares of Williams-Sonoma during the 4th quarter valued at about $37,000. Costello Asset Management INC acquired a new position in shares of Williams-Sonoma during the 1st quarter valued at about $32,000. SOA Wealth Advisors LLC. acquired a new position in shares of Williams-Sonoma during the 1st quarter valued at about $33,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Williams-Sonoma during the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of research analyst reports. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Citigroup upped their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Zelman & Associates initiated coverage on shares of Williams-Sonoma in a research note on Thursday, May 15th. They set an "underperform" rating for the company. Morgan Stanley upped their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, August 25th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $199.11.

Williams-Sonoma Price Performance

NYSE WSM traded up $1.02 on Monday, reaching $203.44. The company had a trading volume of 1,193,669 shares, compared to its average volume of 1,452,405. The firm has a market capitalization of $24.78 billion, a PE ratio of 22.38, a P/E/G ratio of 3.27 and a beta of 1.52. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The firm has a 50-day moving average of $188.20 and a 200-day moving average of $171.33.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, beating the consensus estimate of $1.79 by $0.21. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations 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 was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 18th were paid a dividend of $0.66 per share. The ex-dividend date was Friday, July 18th. This represents a $2.64 annualized dividend and a yield of 1.3%. Williams-Sonoma's dividend payout ratio (DPR) is 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total value of $675,840.00. Following the sale, the chief financial officer directly owned 34,388 shares in the company, valued at approximately $5,810,196.48. This trade represents a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $168.18, for a total value of $5,045,400.00. Following the completion of the sale, the chief executive officer owned 966,927 shares in the company, valued at $162,617,782.86. The trade was a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

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.