Commerce Bank Purchases Shares of 9,468 Williams-Sonoma, Inc. $WSM

Key Points

• Commerce Bank acquired 9,468 Williams-Sonoma shares during the second quarter, valued at approximately $2.21 million. Institutional investors and hedge funds collectively own 99.29% of the company.
• Williams-Sonoma shares opened at $238.05, near their 52-week high of $254.89. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $234.11.
• The company recently paid a quarterly dividend of $0.76 per share, representing a $3.04 annualized payout and a 1.3% yield. Insiders have sold 18,156 shares worth approximately $3.74 million over the past 90 days.

Commerce Bank acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,468 shares of the specialty retailer's stock, valued at approximately $2,207,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Williams-Sonoma in the 4th quarter valued at $25,000. Atlantic Union Bankshares Corp boosted its holdings in Williams-Sonoma by 51.5% during the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer's stock worth $26,000 after buying an additional 50 shares in the last quarter. MidFirst Bank acquired a new stake in Williams-Sonoma during the fourth quarter valued at $30,000. Ballast Advisors LLC acquired a new stake in Williams-Sonoma during the first quarter valued at $30,000. Finally, Millstone Evans Group LLC increased its holdings in Williams-Sonoma by 229.4% in the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer's stock valued at $31,000 after buying an additional 117 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $238.05 on Tuesday. The stock has a market capitalization of $28.03 billion, a PE ratio of 26.66, a P/E/G ratio of 2.61 and a beta of 1.50. Williams-Sonoma, Inc. has a fifty-two week low of $165.51 and a fifty-two week high of $254.89. The company has a fifty day moving average of $232.64 and a two-hundred day moving average of $207.87.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, July 17th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, July 17th. Williams-Sonoma's dividend payout ratio is 34.04%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. KeyCorp upped their price objective on shares of Williams-Sonoma from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 7th. Morgan Stanley set a $210.00 target price on Williams-Sonoma and gave the company an "equal weight" rating in a research report on Friday, May 22nd. Barclays set a $190.00 price target on Williams-Sonoma and gave the company an "equal weight" rating in a research note on Friday, May 22nd. Evercore set a $240.00 price target on Williams-Sonoma in a report on Tuesday, August 4th. Finally, Citigroup reiterated a "neutral" rating and set a $248.00 price target (up from $200.00) on shares of Williams-Sonoma in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $234.11.

Insider Activity

In related news, CEO Laura Alber sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $200.00, for a total value of $3,000,000.00. Following the transaction, the chief executive officer directly owned 923,524 shares of the company's stock, valued at approximately $184,704,800. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the sale, the executive vice president owned 21,717 shares in the company, valued at approximately $4,962,117.33. The trade was a 4.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 18,156 shares of company stock valued at $3,738,699. Insiders own 1.10% of the company's stock.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.

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