California State Teachers Retirement System Has $36.91 Million Holdings in Williams-Sonoma, Inc. $WSM

California State Teachers Retirement System lowered its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 158,360 shares of the specialty retailer's stock after selling 10,221 shares during the period. California State Teachers Retirement System owned 0.13% of Williams-Sonoma worth $36,913,716 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WSM. Atlantic Union Bankshares Corp boosted its stake in Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer's stock worth $26,000 after purchasing an additional 50 shares during the period. MidFirst Bank purchased a new stake in Williams-Sonoma during the 4th quarter worth about $30,000. Ballast Advisors LLC acquired a new position in Williams-Sonoma during the first quarter worth $30,000. Millstone Evans Group LLC raised its stake in Williams-Sonoma by 229.4% during the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 117 shares during the period. Finally, IMG Wealth Management Inc. acquired a new position in shares of Williams-Sonoma in the 2nd quarter worth approximately $31,000. Institutional investors own 99.29% of the company's stock.

Williams-Sonoma Trading Down 2.3%

Shares of Williams-Sonoma stock traded down $5.22 on Tuesday, reaching $224.21. 538,684 shares of the company were exchanged, compared to its average volume of 1,144,255. The firm has a market capitalization of $26.41 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.43 and a beta of 1.47. Williams-Sonoma, Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $254.89. The stock has a fifty day moving average price of $232.20 and a 200-day moving average price of $209.51.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.02. The firm had revenue of $1.96 billion for the quarter, compared to analysts' expectations of $1.93 billion. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%.The company's revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.00 earnings per share. On average, equities analysts anticipate that Williams-Sonoma, Inc. will post 9.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

WSM has been the topic of a number of research analyst reports. Piper Sandler began coverage on Williams-Sonoma in a report on Monday, July 27th. They issued an "overweight" rating and a $253.00 target price on the stock. Seaport Research Partners restated a "buy" rating on shares of Williams-Sonoma in a report on Friday, August 14th. TD Cowen reaffirmed a "buy" rating on shares of Williams-Sonoma in a report on Monday, August 10th. Morgan Stanley increased their price objective on shares of Williams-Sonoma from $210.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, August 27th. Finally, Jefferies Financial Group set a $275.00 price objective on Williams-Sonoma in a research note on Wednesday, August 26th. Ten investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.56.

Insider Buying and Selling at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 1,000 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $250.00, for a total transaction of $250,000.00. Following the sale, the executive vice president owned 20,717 shares of the company's stock, valued at $5,179,250. This trade represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company's stock.

Williams-Sonoma Company Profile

Williams-Sonoma, Inc is a specialty retailer focused on high-quality home furnishings, housewares and lifestyle products. The company sells furniture, bedding, bath goods, lighting, rugs, window treatments, home décor, kitchen equipment, cookware, tabletop products, outdoor furnishings and related accessories through e-commerce platforms, catalogs and retail stores.

The company operates a portfolio of brands that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Mark & Graham and Rejuvenation.

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