Comerica Bank Has $3.29 Million Stock Holdings in Williams-Sonoma, Inc. $WSM

Key Points

• Comerica Bank sold 23,648 shares of Williams-Sonoma, reducing its stake by 53.2%, leaving it with 20,831 shares valued at approximately $3.29 million.
• Williams-Sonoma reported $2.00 EPS for the latest quarter, surpassing analyst expectations and achieving a revenue of $1.84 billion, reflecting a year-over-year increase of 2.7%.
• The company declared a quarterly dividend of $0.66, resulting in an annualized dividend yield of 1.4%, with a payout ratio of 29.04%.

Comerica Bank lessened its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,831 shares of the specialty retailer's stock after selling 23,648 shares during the period. Comerica Bank's holdings in Williams-Sonoma were worth $3,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Redwood Investment Management LLC acquired a new position in Williams-Sonoma during the fourth quarter valued at approximately $1,424,000. Allspring Global Investments Holdings LLC acquired a new position in Williams-Sonoma during the first quarter valued at approximately $895,000. Sequoia Financial Advisors LLC grew its holdings in Williams-Sonoma by 26.4% during the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer's stock valued at $7,019,000 after purchasing an additional 9,266 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Williams-Sonoma by 10.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer's stock valued at $2,751,000 after purchasing an additional 1,673 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Williams-Sonoma by 128.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer's stock valued at $34,410,000 after purchasing an additional 122,180 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Insiders Place Their Bets

In other Williams-Sonoma news, CEO Laura Alber sold 30,000 shares of Williams-Sonoma stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $168.18, for a total transaction of $5,045,400.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction, the chief financial officer directly owned 34,388 shares of the company's stock, valued at approximately $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on WSM shares. Wells Fargo & Company increased their price target on Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a report on Monday, August 25th. UBS Group set a $200.00 price objective on Williams-Sonoma in a research report on Thursday, August 28th. Barclays set a $166.00 price objective on Williams-Sonoma and gave the company an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. increased their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the company a "neutral" rating in a research report on Thursday, August 28th. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $215.00 price objective on shares of Williams-Sonoma in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $198.35.

Williams-Sonoma Trading Up 2.0%

WSM stock traded up $3.76 during midday trading on Tuesday, hitting $191.95. The stock had a trading volume of 1,288,531 shares, compared to its average volume of 1,456,650. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 3.04 and a beta of 1.52. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The stock has a 50-day simple moving average of $185.16 and a 200 day simple moving average of $171.87.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.79 by $0.21. The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.Williams-Sonoma's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, July 18th were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.04%.

Williams-Sonoma 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.