TrueMark Investments LLC Takes Position in Williams-Sonoma, Inc. $WSM

Key Points

• TrueMark Investments LLC has acquired a new stake in Williams-Sonoma, Inc., purchasing 16,182 shares valued at approximately $2.64 million in Q2.
• Analysts maintain a generally positive outlook for Williams-Sonoma, with price targets ranging from $185 to $213, and a consensus rating of "Moderate Buy".
• Williams-Sonoma recently announced a quarterly dividend of $0.66 per share, reflecting an annualized dividend yield of 1.4%.

TrueMark Investments LLC purchased a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 16,182 shares of the specialty retailer's stock, valued at approximately $2,644,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Parallel Advisors LLC increased its holdings in shares of Williams-Sonoma by 2.1% in the 2nd quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock valued at $493,000 after acquiring an additional 61 shares during the period. Hemington Wealth Management increased its holdings in shares of 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 acquiring an additional 64 shares during the period. TFB Advisors LLC increased its holdings in shares of Williams-Sonoma by 5.5% in the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock valued at $203,000 after acquiring an additional 67 shares during the period. Groupe la Francaise increased its holdings in shares of Williams-Sonoma by 13.0% in the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock valued at $96,000 after acquiring an additional 67 shares during the period. Finally, Graypoint LLC increased its holdings in shares of Williams-Sonoma by 1.5% in the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock valued at $757,000 after acquiring an additional 69 shares during the period. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Williams-Sonoma from $185.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Argus set a $212.00 price objective on Williams-Sonoma in a research report on Tuesday, September 2nd. Evercore ISI lowered their price objective on Williams-Sonoma from $210.00 to $200.00 and set an "in-line" rating for the company in a research report on Tuesday, October 14th. UBS Group set a $200.00 price objective on Williams-Sonoma in a research report on Thursday, August 28th. Finally, Royal Bank Of Canada raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of "Moderate Buy" and an average target price of $198.56.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the transaction, the executive vice president owned 14,003 shares in the company, valued at approximately $2,783,656.37. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 90,000 shares of Williams-Sonoma 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 transaction, the chief executive officer owned 876,927 shares of the company's stock, valued at $175,534,477.59. The trade was a 9.31% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 114,153 shares of company stock worth $22,901,008. Corporate insiders own 1.10% of the company's stock.

Williams-Sonoma Stock Performance

Shares of WSM opened at $185.65 on Friday. The stock has a 50-day moving average of $196.82 and a two-hundred day moving average of $175.29. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The stock has a market cap of $22.61 billion, a P/E ratio of 20.42, a P/E/G ratio of 2.99 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $1.82 billion. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm's revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. Analysts predict that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.04%.

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.

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