Archford Capital Strategies LLC Sells 2,967 Shares of Williams-Sonoma, Inc. $WSM

Key Points

• Archford Capital Strategies LLC reduced its stake in Williams-Sonoma, Inc. by 15.6%, selling 2,967 shares, and currently holds 16,046 shares valued at approximately $2.6 million.
• Williams-Sonoma reported a 2.00 earnings per share for its latest quarter, exceeding analyst expectations and marking a 2.7% year-over-year revenue increase.
• The specialty retailer declared a $0.66 quarterly dividend, representing an annual yield of 1.3%, set to be paid on November 21st, with a payout ratio of 29.04%.

Archford Capital Strategies LLC cut its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 15.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,046 shares of the specialty retailer's stock after selling 2,967 shares during the quarter. Archford Capital Strategies LLC's holdings in Williams-Sonoma were worth $2,621,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in Williams-Sonoma in the 1st quarter worth $895,000. Sequoia Financial Advisors LLC increased its stake in shares of Williams-Sonoma by 26.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer's stock worth $7,019,000 after acquiring an additional 9,266 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Williams-Sonoma by 128.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer's stock worth $34,410,000 after acquiring an additional 122,180 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Williams-Sonoma by 10.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer's stock worth $2,751,000 after acquiring an additional 1,673 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Williams-Sonoma by 26.2% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer's stock worth $2,245,000 after acquiring an additional 2,945 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Stock Performance

Shares of WSM opened at $201.58 on Monday. The company's fifty day moving average is $196.28 and its 200 day moving average is $172.66. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The stock has a market capitalization of $24.55 billion, a PE ratio of 22.18, a P/E/G ratio of 3.25 and a beta of 1.52.

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

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, October 17th. Williams-Sonoma's payout ratio is currently 29.04%.

Insider Buying and Selling at Williams-Sonoma

In related news, EVP Karalyn Yearout sold 3,500 shares of the business'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 sale, the executive vice president owned 14,003 shares in the company, valued at approximately $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Laura Alber sold 90,000 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the completion of the sale, the chief executive officer owned 876,927 shares in the company, valued at $175,534,477.59. This represents a 9.31% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 148,153 shares of company stock worth $28,622,248. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research 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 target for the company in a research note on Wednesday, July 23rd. Telsey Advisory Group reiterated an "outperform" rating and issued a $215.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 28th. JPMorgan Chase & Co. increased their price target on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a "neutral" rating in a research note on Thursday, August 28th. Royal Bank Of Canada increased their price target on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Finally, UBS Group set a $200.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $199.11.

Williams-Sonoma Company 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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