Consolidated Planning Corp Buys 1,670 Shares of Williams-Sonoma, Inc. $WSM

Key Points

• Consolidated Planning Corp has increased its stake in Williams-Sonoma, Inc. by 15.1%, now owning 12,764 shares valued at approximately $2.08 million.
• Recent analyst ratings have led to varying price targets for Williams-Sonoma, with the average target set at $199.11 and a consensus rating of "Moderate Buy".
• Williams-Sonoma recently reported earnings of $2.00 per share, exceeding analysts' expectations, alongside a quarterly dividend announcement of $0.66 per share.

Consolidated Planning Corp increased its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,764 shares of the specialty retailer's stock after buying an additional 1,670 shares during the period. Consolidated Planning Corp's holdings in Williams-Sonoma were worth $2,085,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WSM. Parallel Advisors LLC grew its holdings in Williams-Sonoma by 2.1% during the 2nd quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after acquiring an additional 61 shares during the last quarter. Hemington Wealth Management grew its holdings in Williams-Sonoma by 15.3% during the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after acquiring an additional 64 shares during the last quarter. TFB Advisors LLC grew its holdings in Williams-Sonoma by 5.5% during the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after acquiring an additional 67 shares during the last quarter. Groupe la Francaise grew its holdings in Williams-Sonoma by 13.0% during the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock worth $96,000 after acquiring an additional 67 shares during the last quarter. Finally, Graypoint LLC grew its holdings in Williams-Sonoma by 1.5% during the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after acquiring an additional 69 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Analyst Ratings Changes

WSM has been the topic of a number of analyst reports. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Evercore ISI upped their price objective on shares of Williams-Sonoma from $200.00 to $210.00 and gave the company an "in-line" rating in a research note on Thursday, August 28th. The Goldman Sachs Group upped their price objective 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. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Finally, Morgan Stanley upped their price objective on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an "equal weight" rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $199.11.

Williams-Sonoma Stock Down 0.2%

Shares of NYSE WSM opened at $195.08 on Thursday. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98. The firm has a market cap of $23.76 billion, a PE ratio of 21.46, a P/E/G ratio of 3.15 and a beta of 1.55. The company's fifty day simple moving average is $197.25 and its 200 day simple moving average is $173.15.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 14.54% and a return on equity of 54.47%. The business's revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 17th. Williams-Sonoma's dividend payout ratio is currently 29.04%.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,153 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $198.84, for a total value of $626,942.52. Following the sale, the chief financial officer owned 34,138 shares in the company, valued at $6,787,999.92. This represents a 8.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Karalyn Yearout sold 3,500 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the sale, the executive vice president owned 14,003 shares in the company, valued at $2,783,656.37. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 144,153 shares of company stock worth $27,946,408. 1.10% of the stock is currently owned by insiders.

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.

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