Banque Transatlantique SA Purchases Shares of 5,255 Williams-Sonoma, Inc. $WSM

Key Points

• Banque Transatlantique SA has acquired a new stake in Williams-Sonoma, Inc., purchasing 5,255 shares valued at approximately $768,000.
• Analysts have increased price targets for Williams-Sonoma stock, with estimates now ranging from $190.00 to $213.00, reflecting a generally optimistic outlook.
• Recent insider selling includes CFO Jeffrey Howie and CEO Laura Alber, who sold 4,000 and 30,000 shares, respectively, indicating a decrease in their holdings.

Banque Transatlantique SA bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 5,255 shares of the specialty retailer's stock, valued at approximately $768,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP lifted its stake in shares of 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 acquiring an additional 99 shares during the last quarter. Heck Capital Advisors LLC purchased a new stake in Williams-Sonoma in the 4th quarter worth approximately $37,000. Costello Asset Management INC bought a new stake in shares of Williams-Sonoma in the 1st quarter worth approximately $32,000. SOA Wealth Advisors LLC. purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $33,000. Finally, Sentry Investment Management LLC purchased a new position in shares of Williams-Sonoma during the first quarter valued at approximately $32,000. Institutional investors own 99.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WSM shares. Evercore ISI lifted their price target on shares of Williams-Sonoma from $200.00 to $210.00 and gave the company an "in-line" rating in a report on Thursday, August 28th. Argus set a $212.00 price target on shares of Williams-Sonoma in a research report on Tuesday. Wells Fargo & Company increased their price target on shares of Williams-Sonoma from $170.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, August 25th. Royal Bank Of Canada increased their target price on Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Finally, UBS Group set a $200.00 target price on Williams-Sonoma in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of "Hold" and an average target price of $199.11.

Insider Buying and Selling

In related news, CFO Jeffrey Howie sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total transaction of $675,840.00. Following the completion of the transaction, the chief financial officer owned 34,388 shares of the company's stock, valued at $5,810,196.48. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 966,927 shares of the company's stock, valued at approximately $162,617,782.86. This trade represents a 3.01% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Williams-Sonoma Stock Down 0.0%

WSM stock opened at $191.89 on Thursday. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98. The firm has a market cap of $23.60 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 3.04 and a beta of 1.52. The business has a 50 day moving average of $185.82 and a 200 day moving average of $172.01.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $1.74 EPS. The firm's revenue for the quarter was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, 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 was paid on Friday, August 22nd. Investors of record on Friday, July 18th were given a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, July 18th. Williams-Sonoma's dividend payout ratio (DPR) is 29.04%.

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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