Patton Fund Management Inc. Invests $238,000 in Williams-Sonoma, Inc. $WSM

Key Points

• Patton Fund Management Inc. invested approximately $238,000 in Williams-Sonoma, purchasing 1,456 shares in the specialty retailer.
• Institutions hold 99.29% of Williams-Sonoma's stock, with Vanguard Group increasing its stake by 21.8% in the first quarter.
• Williams-Sonoma plans to distribute a quarterly $0.66 dividend on November 21st, with an annualized payout of $2.64 and a yield of 1.3%.

Patton Fund Management Inc. purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,456 shares of the specialty retailer's stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WSM. Vanguard Group Inc. raised its stake in shares of Williams-Sonoma by 21.8% during the first quarter. Vanguard Group Inc. now owns 15,630,310 shares of the specialty retailer's stock worth $2,471,152,000 after purchasing an additional 2,797,562 shares during the last quarter. Nuveen LLC purchased a new position in Williams-Sonoma during the 1st quarter worth $85,075,000. Pacer Advisors Inc. lifted its stake in shares of Williams-Sonoma by 1,272.6% in the 1st quarter. Pacer Advisors Inc. now owns 512,846 shares of the specialty retailer's stock worth $81,081,000 after acquiring an additional 475,484 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Williams-Sonoma by 38,589.3% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 451,891 shares of the specialty retailer's stock valued at $71,444,000 after purchasing an additional 450,723 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Williams-Sonoma by 34.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,436,839 shares of the specialty retailer's stock valued at $227,164,000 after buying an additional 365,718 shares during the period. 99.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the business's 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 completion of the transaction, the executive vice president directly owned 14,003 shares in the company, valued at approximately $2,783,656.37. The trade was a 20.00% decrease in their position. The sale 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 firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $203.60, for a total value of $3,563,000.00. Following the sale, the executive vice president owned 98,560 shares in the company, valued at $20,066,816. This trade represents a 15.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,153 shares of company stock worth $28,622,248. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank Of Canada increased their price objective on Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. boosted their price objective on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. UBS Group set a $200.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. Gordon Haskett upgraded shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a research report on Wednesday, July 23rd. Finally, The Goldman Sachs Group upped their price target on Williams-Sonoma from $179.00 to $203.00 and gave the stock a "neutral" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Williams-Sonoma has an average rating of "Moderate Buy" and a consensus price target of $199.11.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM opened at $201.58 on Monday. The business's fifty day moving average price is $196.28 and its two-hundred day moving average price is $172.66. The stock has a market cap of $24.55 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 3.25 and a beta of 1.52. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98.

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

Williams-Sonoma Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma's payout ratio is currently 29.04%.

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.

Want to see what other hedge funds are holding WSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Williams-Sonoma, Inc. (NYSE:WSM - Free Report).

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.