Cwm LLC Cuts Stock Position in Williams-Sonoma, Inc. $WSM

Key Points

• Cwm LLC reduced its stake in Williams-Sonoma, Inc. by 40.3%, owning 3,307 shares post-sale, valued at approximately $540,000.
• Insider sales included CFO Jeffrey Howie and EVP Karalyn Yearout, who together sold over $1.3 million in shares, reflecting significant decreases in their holdings.
• The company declared a quarterly dividend of $0.66 per share, with an annualized yield of 1.4%, set to be paid on November 21st.

Cwm LLC lessened its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 40.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,307 shares of the specialty retailer's stock after selling 2,236 shares during the quarter. Cwm LLC's holdings in Williams-Sonoma were worth $540,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maseco LLP purchased a new stake in shares of Williams-Sonoma in the 2nd quarter valued at $26,000. Quarry LP increased its holdings in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 99 shares during the period. Costello Asset Management INC purchased a new stake in Williams-Sonoma during the 1st quarter worth about $32,000. Wayfinding Financial LLC purchased a new stake in Williams-Sonoma during the 1st quarter worth about $35,000. Finally, Golden State Wealth Management LLC increased its holdings in Williams-Sonoma by 123.6% during the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock worth $39,000 after purchasing an additional 136 shares during the period. Hedge funds and other institutional investors own 99.29% of the company's stock.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,153 shares of the 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 sale, the chief financial officer directly owned 34,138 shares of the company's stock, valued at approximately $6,787,999.92. This trade represents a 8.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the sale, the executive vice president directly owned 14,003 shares of the company's stock, valued at $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Stock Up 0.7%

NYSE:WSM opened at $189.27 on Friday. The stock's 50 day moving average price is $195.22 and its 200 day moving average price is $176.71. The company has a market capitalization of $23.05 billion, a PE ratio of 20.82, a P/E/G ratio of 3.04 and a beta of 1.55. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98.

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

Williams-Sonoma Dividend Announcement

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

Analyst Upgrades and Downgrades

WSM has been the topic of several recent research reports. Gordon Haskett upgraded Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price target on the stock in a report on Wednesday, July 23rd. KeyCorp upped their price target on Williams-Sonoma from $181.00 to $230.00 and gave the stock an "overweight" rating in a report on Monday, August 25th. Argus set a $212.00 price target on Williams-Sonoma in a report on Tuesday, September 2nd. Royal Bank Of Canada upped their price target on Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Telsey Advisory Group restated an "outperform" rating and set a $215.00 price target on shares of Williams-Sonoma in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Williams-Sonoma currently has a consensus rating of "Moderate Buy" and an average target price of $198.56.

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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