Mn Services Vermogensbeheer B.V. Boosts Holdings in Williams-Sonoma, Inc. $WSM

Key Points

• Mn Services Vermogensbeheer B.V. raised its holdings in Williams-Sonoma, Inc. by 4.3%, bringing its total shares to 46,200, valued at approximately $7.55 million.
• Several analysts have upgraded their price targets for Williams-Sonoma, with KeyCorp setting a new target of $230 and maintaining an "overweight" rating.
• Williams-Sonoma announced a quarterly dividend of $0.66, representing an annualized yield of 1.3%, with an upcoming payment date of November 21st for shareholders on record by October 17th.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,200 shares of the specialty retailer's stock after purchasing an additional 1,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Williams-Sonoma were worth $7,548,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wedmont Private Capital increased its stake in Williams-Sonoma by 4.0% in the second quarter. Wedmont Private Capital now owns 2,393 shares of the specialty retailer's stock valued at $416,000 after purchasing an additional 91 shares in the last quarter. Swedbank AB bought a new stake in shares of Williams-Sonoma during the second quarter worth about $3,062,000. Radnor Capital Management LLC increased its position in shares of Williams-Sonoma by 1.6% during the second quarter. Radnor Capital Management LLC now owns 46,165 shares of the specialty retailer's stock worth $7,542,000 after acquiring an additional 740 shares in the last quarter. Gateway Investment Advisers LLC increased its position in shares of Williams-Sonoma by 53.8% during the second quarter. Gateway Investment Advisers LLC now owns 11,888 shares of the specialty retailer's stock worth $1,942,000 after acquiring an additional 4,157 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its position in shares of Williams-Sonoma by 21.4% during the second quarter. Goelzer Investment Management Inc. now owns 40,561 shares of the specialty retailer's stock worth $6,627,000 after acquiring an additional 7,139 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Trading Down 0.8%

Shares of WSM stock traded down $1.54 during trading on Friday, reaching $198.08. 2,628,643 shares of the company's stock traded hands, compared to its average volume of 1,257,924. The firm's 50-day moving average is $193.10 and its 200 day moving average is $171.97. The company has a market capitalization of $24.12 billion, a P/E ratio of 21.79, a PEG ratio of 3.19 and a beta of 1.52. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted 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 net margin of 14.54% and a return on equity of 54.47%. Williams-Sonoma's revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders 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 dividend yield of 1.3%. Williams-Sonoma's dividend payout ratio is presently 29.04%.

Insider Transactions at Williams-Sonoma

In related news, CEO Laura Alber sold 90,000 shares of the 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 transaction, the chief executive officer 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jeffrey Howie sold 4,000 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total transaction of $675,840.00. Following the transaction, the chief financial officer directly owned 34,388 shares in the company, valued at approximately $5,810,196.48. This represents a 10.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,653 shares of company stock valued at $27,926,483 in the last quarter. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WSM shares. Evercore ISI boosted their target price on shares of Williams-Sonoma from $200.00 to $210.00 and gave the stock an "in-line" rating in a research report on Thursday, August 28th. Citigroup boosted their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a "neutral" rating in a research report on Friday, August 22nd. UBS Group set a $200.00 target price on shares of Williams-Sonoma in a research report on Thursday, August 28th. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research report on Thursday, August 28th. Finally, Wells Fargo & Company upped 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 report on Monday, August 25th. Two 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.