EFG International AG Acquires New Shares in Williams-Sonoma, Inc. $WSM

Key Points

• EFG International AG acquired 59,907 Williams-Sonoma shares worth approximately $13.96 million in the second quarter, becoming a roughly 0.05% shareholder. Institutional investors collectively own 99.29% of the company.
• Williams-Sonoma shares opened at $234.74 after falling 1.3%; the stock trades near analysts’ average price target of $234.11, with a consensus rating of “Moderate Buy.”
• The company paid a quarterly dividend of $0.76 per share, equivalent to an annualized $3.04 dividend and a 1.3% yield. Meanwhile, insiders have sold 3,156 shares worth about $738,699 over the past 90 days.

EFG International AG bought a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 59,907 shares of the specialty retailer's stock, valued at approximately $13,961,000. EFG International AG owned approximately 0.05% of Williams-Sonoma at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WSM. IMG Wealth Management Inc. bought a new position in shares of Williams-Sonoma during the 2nd quarter valued at about $31,000. Caitong International Asset Management Co. Ltd bought a new stake in Williams-Sonoma during the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp raised its holdings in Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer's stock worth $26,000 after buying an additional 50 shares during the period. Meeder Asset Management Inc. acquired a new stake in Williams-Sonoma during the 2nd quarter worth approximately $35,000. Finally, Ballast Advisors LLC bought a new position in Williams-Sonoma in the first quarter valued at approximately $30,000. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Karalyn Yearout sold 522 shares of Williams-Sonoma stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $246.39, for a total value of $128,615.58. Following the completion of the transaction, the executive vice president owned 20,195 shares of the company's stock, valued at $4,975,846.05. This trade represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 3,156 shares of company stock valued at $738,699 in the last ninety days. Company insiders own 1.10% of the company's stock.

Williams-Sonoma Trading Down 1.3%

NYSE WSM opened at $234.74 on Wednesday. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $254.89. The stock has a 50 day moving average of $232.78 and a 200-day moving average of $208.00. The company has a market cap of $27.64 billion, a PE ratio of 26.29, a PEG ratio of 2.61 and a beta of 1.50.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were paid a $0.76 dividend. The ex-dividend date was Friday, July 17th. This represents a $3.04 dividend on an annualized basis and a yield of 1.3%. Williams-Sonoma's dividend payout ratio (DPR) is currently 34.04%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WSM shares. Royal Bank Of Canada upped their target price on shares of Williams-Sonoma from $192.00 to $260.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Morgan Stanley set a $210.00 price target on Williams-Sonoma and gave the company an "equal weight" rating in a report on Friday, May 22nd. KeyCorp upped their price objective on Williams-Sonoma from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 7th. Barclays set a $190.00 price objective on Williams-Sonoma and gave the stock an "equal weight" rating in a report on Friday, May 22nd. Finally, Seaport Research Partners reissued a "buy" rating on shares of Williams-Sonoma in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, Williams-Sonoma presently has an average rating of "Moderate Buy" and an average target price of $234.11.

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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