Lbp Am Sa Acquires Shares of 44,061 Williams-Sonoma, Inc. $WSM

Key Points

• Lbp Am Sa acquired 44,061 shares of Williams-Sonoma, Inc. valued at approximately $7.2 million in the second quarter.
• CEO Laura Alber sold 90,000 shares of the company for over $18 million, decreasing her ownership by 9.31%.
• A quarterly dividend of $0.66 will be paid on November 21st, reflecting an annual yield of 1.4% for shareholders on record by October 17th.

Lbp Am Sa acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,061 shares of the specialty retailer's stock, valued at approximately $7,198,000.

Several other large investors also recently bought and sold shares of WSM. Maseco LLP acquired a new position in Williams-Sonoma in the second quarter valued at $26,000. Quarry LP boosted its stake in Williams-Sonoma by 99.0% in the first 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. Sentry Investment Management LLC acquired a new position in Williams-Sonoma in the first quarter valued at $32,000. Costello Asset Management INC acquired a new position in Williams-Sonoma in the first quarter valued at $32,000. Finally, SOA Wealth Advisors LLC. acquired a new position in Williams-Sonoma in the first quarter valued at $33,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma 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 value of $18,015,300.00. Following the completion of the transaction, the chief executive officer directly owned 876,927 shares of the company's stock, valued at approximately $175,534,477.59. This trade represents a 9.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Randolph King sold 17,500 shares of the stock in a transaction dated Monday, September 8th. The shares were 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 directly owned 98,560 shares of the company's stock, valued at approximately $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 144,153 shares of company stock valued at $27,946,408. 1.10% of the stock is currently owned by corporate insiders.

Williams-Sonoma Stock Down 0.2%

Shares of NYSE:WSM opened at $195.08 on Thursday. The company has a market cap of $23.76 billion, a P/E ratio of 21.46, a PEG ratio of 3.15 and a beta of 1.55. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The company has a 50-day moving average price of $197.25 and a 200 day moving average price of $173.15.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.21. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. Analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current 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 issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. Williams-Sonoma's dividend payout ratio (DPR) is 29.04%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WSM. Citigroup upped their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. JPMorgan Chase & Co. upped their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $215.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. The Goldman Sachs Group upped their target price on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Finally, UBS Group set a $200.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $199.11.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.