Callan Family Office LLC Invests $335,000 in Williams-Sonoma, Inc. $WSM

Key Points

• Callan Family Office LLC recently invested approximately $335,000 in Williams-Sonoma, acquiring 2,051 shares of the retailer's stock in the second quarter.
• Analysts have raised various target prices for Williams-Sonoma, with JPMorgan Chase boosting it from $168.00 to $215.00 while maintaining a "neutral" rating.
• The company announced a quarterly dividend of $0.66 per share, which will be paid on November 21st, reflecting a 1.4% dividend yield.

Callan Family Office LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,051 shares of the specialty retailer's stock, valued at approximately $335,000.

Several other large investors also recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in Williams-Sonoma by 2.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock valued at $493,000 after purchasing an additional 61 shares during the last quarter. Hemington Wealth Management lifted its position in Williams-Sonoma by 15.3% in the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock valued at $76,000 after purchasing an additional 64 shares during the last quarter. TFB Advisors LLC lifted its position in Williams-Sonoma by 5.5% in the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock valued at $203,000 after purchasing an additional 67 shares during the last quarter. Groupe la Francaise lifted its position in Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock valued at $96,000 after purchasing an additional 67 shares during the last quarter. Finally, Graypoint LLC lifted its position in Williams-Sonoma by 1.5% in the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock valued at $757,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a research report on Thursday, August 28th. The Goldman Sachs Group raised their target price on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Citigroup raised their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Finally, Wells Fargo & Company raised their target price on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $198.56.

Williams-Sonoma Price Performance

NYSE WSM opened at $190.19 on Thursday. The company's 50 day simple moving average is $197.34 and its 200 day simple moving average is $174.83. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The company has a market capitalization of $23.16 billion, a P/E ratio of 20.92, a PEG ratio of 3.09 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $1.74 EPS. The business'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, analysts anticipate that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma's dividend payout ratio (DPR) is 29.04%.

Insider Activity

In other news, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,003 shares of the company's stock, valued at $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the transaction, the chief financial officer directly owned 34,138 shares in the company, valued at approximately $6,787,999.92. This trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,153 shares of company stock valued at $22,901,008. 1.10% of the stock is currently owned by insiders.

About Williams-Sonoma

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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