Atria Wealth Solutions Inc. Cuts Stock Position in Williams-Sonoma, Inc. $WSM

Atria Wealth Solutions Inc. reduced its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 50.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,318 shares of the specialty retailer's stock after selling 1,353 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Williams-Sonoma were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of WSM. Sentry Investment Management LLC bought a new position in shares of Williams-Sonoma in the first quarter worth approximately $32,000. Costello Asset Management INC purchased a new position in shares of Williams-Sonoma in the 1st quarter worth about $32,000. SOA Wealth Advisors LLC. purchased a new position in Williams-Sonoma in the 1st quarter worth about $33,000. Wayfinding Financial LLC purchased a new position in Williams-Sonoma in the 1st quarter worth about $35,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Williams-Sonoma during the 4th quarter valued at about $37,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the transaction, the chief executive officer owned 996,927 shares in the company, valued at approximately $163,825,013.91. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the sale, the chief financial officer owned 34,388 shares in the company, valued at $5,810,196.48. This represents a 10.42% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,000 shares of company stock worth $11,279,580. 1.10% of the stock is currently owned by company insiders.

Williams-Sonoma Price Performance

Williams-Sonoma stock traded up $0.78 during midday trading on Tuesday, reaching $202.43. The company's stock had a trading volume of 1,409,906 shares, compared to its average volume of 1,302,521. The stock's 50-day simple moving average is $177.78 and its 200-day simple moving average is $172.83. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The stock has a market capitalization of $24.90 billion, a P/E ratio of 22.93, a PEG ratio of 3.26 and a beta of 1.47.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.09. The company had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.67 billion. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%.The firm's revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $3.48 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a yield of 1.3%. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.90%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on WSM shares. Gordon Haskett upgraded Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research note on Wednesday, July 23rd. KeyCorp raised Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 price objective on the stock in a report on Friday, April 25th. Zelman & Associates assumed coverage on Williams-Sonoma in a report on Thursday, May 15th. They set an "underperform" rating on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $215.00 price objective on shares of Williams-Sonoma in a report on Tuesday, June 17th. Finally, Evercore ISI decreased their price target on Williams-Sonoma from $175.00 to $170.00 and set an "in-line" rating on the stock in a report on Tuesday, June 17th. One research analyst has 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 stock. According to MarketBeat.com, Williams-Sonoma presently has a consensus rating of "Hold" and an average price target of $180.18.

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.