Janney Montgomery Scott LLC Has $1.92 Million Holdings in Williams-Sonoma, Inc. $WSM

Key Points

• Janney Montgomery Scott LLC reduced its holdings in Williams-Sonoma, Inc. by 38.5%, owning $1.92 million worth of shares after selling over 7,000 during the second quarter.
• Williams-Sonoma reported $2.00 earnings per share for the last quarter, exceeding estimates by $0.21, with a quarterly revenue of $1.84 billion.
• The company announced a quarterly dividend of $0.66 per share, payable on November 21st, representing an annual yield of 1.5%.

Janney Montgomery Scott LLC lessened its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 38.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,722 shares of the specialty retailer's stock after selling 7,335 shares during the period. Janney Montgomery Scott LLC's holdings in Williams-Sonoma were worth $1,915,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WSM. Parallel Advisors LLC increased its holdings in shares of Williams-Sonoma by 2.1% during the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock valued at $493,000 after acquiring an additional 61 shares in the last quarter. Hemington Wealth Management raised its holdings in Williams-Sonoma by 15.3% during the first quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after buying an additional 64 shares during the last quarter. TFB Advisors LLC lifted its stake in shares of Williams-Sonoma by 5.5% in the first quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock valued at $203,000 after buying an additional 67 shares in the last quarter. Groupe la Francaise grew its holdings in shares of Williams-Sonoma by 13.0% during the first quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock valued at $96,000 after buying an additional 67 shares during the last quarter. Finally, Graypoint LLC grew its holdings in shares of Williams-Sonoma by 1.5% during the first quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock valued at $757,000 after buying an additional 69 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Stock Performance

NYSE:WSM opened at $181.42 on Friday. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The stock has a fifty day moving average of $198.04 and a 200 day moving average of $174.26. The firm has a market capitalization of $22.10 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 3.05 and a beta of 1.55.

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

Williams-Sonoma Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be given a dividend of $0.66 per share. The ex-dividend date is Friday, October 17th. This represents a $2.64 annualized dividend and a yield of 1.5%. Williams-Sonoma's payout ratio is presently 29.04%.

Insider Activity at Williams-Sonoma

In other news, CEO Laura Alber sold 90,000 shares of Williams-Sonoma stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 876,927 shares of the company's stock, valued at approximately $175,534,477.59. The trade was a 9.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Randolph King sold 17,500 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the transaction, the executive vice president 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. Insiders sold 144,153 shares of company stock worth $27,946,408 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI upped their price target on Williams-Sonoma from $200.00 to $210.00 and gave the stock an "in-line" rating in a report on Thursday, August 28th. Wells Fargo & Company upped their target price on shares of Williams-Sonoma from $170.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, August 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Williams-Sonoma in a report on Wednesday. Argus set a $212.00 price target on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. Finally, Gordon Haskett raised shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price objective for the company in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $199.11.

About Williams-Sonoma

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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