OLD National Bancorp IN Sells 4,248 Shares of Williams-Sonoma, Inc. $WSM

Key Points

• OLD National Bancorp IN reduced its stake in Williams-Sonoma, Inc. by 18.7%, selling 4,248 shares, leaving it with a total of 18,482 shares valued at approximately $3 million.
• Williams-Sonoma reported earnings of $2.00 per share for the last quarter, surpassing expectations and indicating a revenue increase of 2.7% year-over-year.
• The company announced a quarterly dividend of $0.66 per share, representing an annual dividend yield of 1.3%, with the ex-dividend date set for October 17.

OLD National Bancorp IN decreased its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 18.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,482 shares of the specialty retailer's stock after selling 4,248 shares during the quarter. OLD National Bancorp IN's holdings in Williams-Sonoma were worth $3,019,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Maseco LLP bought a new position in shares of Williams-Sonoma in the second quarter valued at approximately $26,000. Quarry LP lifted its stake in Williams-Sonoma by 99.0% during the 1st 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. Costello Asset Management INC purchased a new position in Williams-Sonoma during the 1st quarter worth $32,000. SOA Wealth Advisors LLC. bought a new stake in shares of Williams-Sonoma in the 1st quarter worth $33,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Williams-Sonoma in the first quarter valued at about $35,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Trading Up 1.6%

Williams-Sonoma stock opened at $199.29 on Monday. The business's 50 day simple moving average is $197.90 and its 200 day simple moving average is $173.59. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 21.92, a PEG ratio of 3.22 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 17th. Williams-Sonoma's dividend payout ratio is presently 29.04%.

Analyst Upgrades and Downgrades

WSM has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a report on Thursday, August 28th. UBS Group set a $200.00 target price on shares of Williams-Sonoma in a research report on Thursday, August 28th. Citigroup boosted their target price on Williams-Sonoma from $162.00 to $202.00 and gave the stock a "neutral" rating in a research note on Friday, August 22nd. Wells Fargo & Company increased their price target on Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a research report on Monday, August 25th. Finally, Argus set a $212.00 price target on Williams-Sonoma in a report on Tuesday, September 2nd. Two equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Williams-Sonoma has a consensus rating of "Moderate Buy" and an average price target of $199.11.

Insider Buying and Selling at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the transaction, the chief financial officer directly owned 34,138 shares in the company, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the sale, the executive vice president owned 14,003 shares in the company, valued at approximately $2,783,656.37. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 144,153 shares of company stock valued at $27,946,408 in the last quarter. Corporate 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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