Kera Capital Partners Inc. Purchases Shares of 1,814 Williams-Sonoma, Inc. $WSM

Key Points

• Kera Capital Partners Inc. has acquired a stake of 1,814 shares in Williams-Sonoma, Inc. valued at approximately $296,000 during the 2nd quarter.
• Williams-Sonoma reported earnings of $2.00 EPS, exceeding analysts' estimates of $1.79, with revenue reaching $1.84 billion for the quarter.
• The company also announced a quarterly dividend of $0.66 per share, which represents an annualized yield of 1.3%.

Kera Capital Partners Inc. purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 1,814 shares of the specialty retailer's stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Hemington Wealth Management increased its stake in Williams-Sonoma by 15.3% in the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock valued at $76,000 after buying an additional 64 shares during the last quarter. TFB Advisors LLC increased its stake in shares of Williams-Sonoma by 5.5% during the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after purchasing an additional 67 shares during the last quarter. Groupe la Francaise increased its stake in shares of Williams-Sonoma by 13.0% during the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock worth $96,000 after purchasing an additional 67 shares during the last quarter. Graypoint LLC increased its stake in shares of Williams-Sonoma by 1.5% during the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after purchasing an additional 69 shares during the last quarter. Finally, First Bank & Trust increased its stake in shares of Williams-Sonoma by 5.1% during the 1st quarter. First Bank & Trust now owns 1,463 shares of the specialty retailer's stock worth $231,000 after purchasing an additional 71 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Stock Performance

Shares of WSM opened at $197.30 on Friday. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The firm has a market cap of $24.03 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.28 and a beta of 1.52. The firm's 50-day simple moving average is $190.55 and its 200 day simple moving average is $171.64.

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

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, July 18th were paid a $0.66 dividend. The ex-dividend date was Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a yield of 1.3%. Williams-Sonoma's dividend payout ratio is 29.04%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on WSM shares. Citigroup boosted their price objective on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Evercore ISI boosted their price objective on shares of Williams-Sonoma from $200.00 to $210.00 and gave the stock an "in-line" rating in a research note on Thursday, August 28th. UBS Group set a $200.00 price objective on shares of Williams-Sonoma in a research note on Thursday, August 28th. Argus set a $212.00 price objective on shares of Williams-Sonoma in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company boosted their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.11.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the business'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 $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Laura Alber sold 30,000 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $168.18, for a total transaction of $5,045,400.00. Following the completion of the sale, the chief executive officer directly owned 966,927 shares of the company's stock, valued at $162,617,782.86. This represents a 3.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,500 shares of company stock valued at $9,284,240 in the last quarter. Company insiders own 1.10% of the company's stock.

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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