Greatmark Investment Partners Inc. Purchases 3,035 Shares of Williams-Sonoma, Inc. $WSM

Key Points

• Greatmark Investment Partners Inc. has increased its stake in Williams-Sonoma by 24.3%, now holding a total of 15,540 shares valued at approximately $2.54 million.
• Williams-Sonoma reported a quarterly EPS of $2.00, exceeding analyst estimates and a revenue of $1.84 billion, which is a 2.7% increase year-over-year.
• The company has announced a quarterly dividend of $0.66, with a planned payment on November 21st, reflecting an annualized yield of 1.4%.

Greatmark Investment Partners Inc. lifted its stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 24.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,540 shares of the specialty retailer's stock after buying an additional 3,035 shares during the period. Greatmark Investment Partners Inc.'s holdings in Williams-Sonoma were worth $2,539,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Williams-Sonoma during the first quarter worth about $895,000. Sequoia Financial Advisors LLC lifted its holdings in shares of Williams-Sonoma by 26.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer's stock worth $7,019,000 after acquiring an additional 9,266 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Williams-Sonoma by 128.0% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer's stock worth $34,410,000 after acquiring an additional 122,180 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in Williams-Sonoma by 10.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer's stock valued at $2,751,000 after acquiring an additional 1,673 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Williams-Sonoma by 26.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer's stock valued at $2,245,000 after purchasing an additional 2,945 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Williams-Sonoma Stock Performance

Shares of NYSE WSM opened at $191.09 on Wednesday. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The company's 50 day moving average price is $196.30 and its 200-day moving average price is $175.99. The company has a market capitalization of $23.27 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 3.07 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced 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. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the business earned $1.74 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. Analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, October 17th. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. Williams-Sonoma's payout ratio is currently 29.04%.

Insider Activity at Williams-Sonoma

In other news, CEO Laura Alber sold 90,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the transaction, the chief executive officer owned 876,927 shares of the company's stock, valued at $175,534,477.59. This represents a 9.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Randolph King sold 17,500 shares of the firm's stock in a transaction dated 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 owned 98,560 shares of the company's stock, valued at approximately $20,066,816. This represents a 15.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 114,153 shares of company stock worth $22,901,008 over the last quarter. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Evercore ISI dropped their price objective on Williams-Sonoma from $210.00 to $200.00 and set an "in-line" rating for the company in a research report on Tuesday, October 14th. Wells Fargo & Company boosted their target price on Williams-Sonoma from $170.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, August 25th. Morgan Stanley lifted their price target on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an "equal weight" rating in a report on Thursday, August 28th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 28th. Finally, Citigroup increased their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Williams-Sonoma presently has an average rating of "Moderate Buy" and an average price target of $198.56.

Williams-Sonoma Company 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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