Argyle Capital Partners LLC Takes Position in Williams-Sonoma, Inc. $WSM

Argyle Capital Partners LLC bought a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,524 shares of the specialty retailer's stock, valued at approximately $1,288,000.

A number of other hedge funds also recently made changes to their positions in the company. Atlantic Union Bankshares Corp raised its holdings in shares of Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer's stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Mutual Advisors LLC lifted its position in Williams-Sonoma by 4.2% during the fourth quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer's stock valued at $247,000 after purchasing an additional 56 shares during the last quarter. Arjuna Capital lifted its position in Williams-Sonoma by 1.6% during the fourth quarter. Arjuna Capital now owns 3,564 shares of the specialty retailer's stock valued at $636,000 after purchasing an additional 57 shares during the last quarter. Florida Financial Advisors LLC grew its stake in shares of Williams-Sonoma by 2.3% in the 4th quarter. Florida Financial Advisors LLC now owns 2,534 shares of the specialty retailer's stock worth $453,000 after buying an additional 58 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its stake in shares of Williams-Sonoma by 4.7% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,357 shares of the specialty retailer's stock worth $242,000 after buying an additional 61 shares in the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $240.38 on Tuesday. Williams-Sonoma, Inc. has a 1 year low of $165.51 and a 1 year high of $254.89. The business has a 50 day simple moving average of $230.47 and a two-hundred day simple moving average of $206.82. The firm has a market capitalization of $28.30 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 2.65 and a beta of 1.50.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.13. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business posted $1.85 earnings per share. The company's revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that Williams-Sonoma, Inc. will post 9.38 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, July 17th. Williams-Sonoma's dividend payout ratio (DPR) is 34.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Evercore set a $240.00 target price on shares of Williams-Sonoma in a report on Tuesday, August 4th. KeyCorp increased their price target on shares of Williams-Sonoma from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Bank of America assumed coverage on Williams-Sonoma in a research report on Friday, June 12th. They issued a "buy" rating and a $250.00 price target for the company. Wells Fargo & Company boosted their price objective on Williams-Sonoma from $190.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 11th. Finally, Piper Sandler began coverage on Williams-Sonoma in a research report on Monday, July 27th. They set an "overweight" rating and a $253.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Williams-Sonoma has an average rating of "Moderate Buy" and an average price target of $231.88.

Insiders Place Their Bets

In other news, EVP Karalyn Yearout sold 522 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $246.39, for a total transaction of $128,615.58. Following the completion of the sale, the executive vice president directly owned 20,195 shares of the company's stock, valued at approximately $4,975,846.05. The trade was a 2.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the completion of the transaction, the chief executive officer owned 923,524 shares in the company, valued at approximately $184,704,800. The trade was a 1.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,156 shares of company stock valued at $3,738,699 over the last three months. Insiders own 1.10% of the company's stock.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.

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