GAMMA Investing LLC Acquires 1,346 Shares of Williams-Sonoma, Inc. $WSM

GAMMA Investing LLC boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 80.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,018 shares of the specialty retailer's stock after purchasing an additional 1,346 shares during the quarter. GAMMA Investing LLC's holdings in Williams-Sonoma were worth $493,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in Williams-Sonoma by 99.0% in the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 99 shares in the last quarter. Costello Asset Management INC acquired a new position in Williams-Sonoma in the 1st quarter valued at approximately $32,000. SOA Wealth Advisors LLC. acquired a new position in Williams-Sonoma in the 1st quarter valued at approximately $33,000. Sentry Investment Management LLC acquired a new position in Williams-Sonoma in the 1st quarter valued at approximately $32,000. Finally, Wayfinding Financial LLC acquired a new position in Williams-Sonoma in the 1st quarter valued at approximately $35,000. Institutional investors own 99.29% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on WSM. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $215.00 price target on shares of Williams-Sonoma in a report on Thursday, August 28th. KeyCorp upped their price target on Williams-Sonoma from $181.00 to $230.00 and gave the company an "overweight" rating in a report on Monday, August 25th. Morgan Stanley increased their target price on Williams-Sonoma from $185.00 to $200.00 and gave the stock an "equal weight" rating in a report on Thursday, August 28th. Royal Bank Of Canada increased their target price on Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. Finally, Citigroup increased their target price on Williams-Sonoma from $162.00 to $202.00 and gave the stock a "neutral" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $199.11.

Insider Activity

In other news, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction on Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares of the company's stock, valued at $20,066,816. This trade represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,653 shares of company stock valued at $27,926,483. Company insiders own 1.10% of the company's stock.

Williams-Sonoma Price Performance

WSM stock opened at $201.44 on Friday. The business has a fifty day moving average price of $195.66 and a 200 day moving average price of $172.44. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 3.22 and a beta of 1.52.

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 for the quarter, beating analysts' consensus estimates of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same period last year, the firm posted $1.74 EPS. The business's revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma's dividend payout ratio (DPR) is 29.04%.

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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