Deutsche Bank AG Takes $166.62 Million Position in Williams-Sonoma, Inc. $WSM

Deutsche Bank AG acquired a new stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 714,811 shares of the specialty retailer's stock, valued at approximately $166,622,000. Deutsche Bank AG owned approximately 0.61% of Williams-Sonoma at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Williams-Sonoma in the fourth quarter worth approximately $25,000. Atlantic Union Bankshares Corp raised its stake in shares of 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 acquiring an additional 50 shares in the last quarter. MidFirst Bank purchased a new position in shares of Williams-Sonoma during the fourth quarter worth approximately $30,000. Ballast Advisors LLC bought a new stake in shares of Williams-Sonoma in the 1st quarter worth approximately $30,000. Finally, Millstone Evans Group LLC lifted its holdings in shares of Williams-Sonoma by 229.4% in the 1st quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 99.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WSM. KeyCorp increased their target price on shares of Williams-Sonoma from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 7th. Barclays set a $190.00 price target on shares of Williams-Sonoma and gave the stock an "equal weight" rating in a research note on Friday, May 22nd. Royal Bank Of Canada upped their price target on shares of Williams-Sonoma from $192.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Evercore set a $240.00 price objective on Williams-Sonoma in a research note on Tuesday, August 4th. Finally, Morgan Stanley set a $210.00 target price on Williams-Sonoma and gave the company an "equal weight" rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Williams-Sonoma presently has an average rating of "Moderate Buy" and a consensus target price of $231.88.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total transaction of $3,000,000.00. Following the completion of the transaction, the chief executive officer owned 923,524 shares of the company's stock, valued at $184,704,800. This represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 the stock in a transaction that occurred on 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 of the company's stock, valued at approximately $4,962,117.33. This trade represents a 4.87% decrease in their position. The SEC filing for this sale provides additional information. 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 worth $3,738,699. 1.10% of the stock is owned by company insiders.

Williams-Sonoma Stock Up 0.4%

Shares of Williams-Sonoma stock opened at $242.34 on Thursday. The company's fifty day simple moving average is $231.71 and its two-hundred day simple moving average is $207.33. Williams-Sonoma, Inc. has a 12-month low of $165.51 and a 12-month high of $254.89. The firm has a market cap of $28.54 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 2.65 and a beta of 1.50.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, beating the consensus estimate of $1.80 by $0.13. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.80 billion. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, sell-side analysts expect that Williams-Sonoma, Inc. will post 9.38 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

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

Williams-Sonoma 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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