Truist Financial Corp Has $61.90 Million Position in Williams-Sonoma, Inc. $WSM

Key Points

• Truist Financial Corp has increased its stake in Williams-Sonoma by 5.8%, now owning approximately $61.9 million worth of shares in the company.
• Williams-Sonoma reported $2.00 earnings per share for the last quarter, exceeding analysts' estimates by $0.21, and had a revenue of $1.84 billion.
• The company declared a quarterly dividend of $0.66 per share, with a payout ratio of 29.04% and an annualized yield of 1.4%.

Truist Financial Corp raised its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 378,892 shares of the specialty retailer's stock after buying an additional 20,650 shares during the quarter. Truist Financial Corp owned about 0.31% of Williams-Sonoma worth $61,900,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of WSM. Parallel Advisors LLC increased its position in Williams-Sonoma by 2.1% during the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after buying an additional 61 shares during the last quarter. Hemington Wealth Management increased its position in Williams-Sonoma by 15.3% during the first quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock worth $76,000 after buying an additional 64 shares during the last quarter. TFB Advisors LLC increased its position in Williams-Sonoma by 5.5% during the first quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock worth $203,000 after buying an additional 67 shares during the last quarter. Groupe la Francaise increased its position in Williams-Sonoma by 13.0% during the first quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock worth $96,000 after buying an additional 67 shares during the last quarter. Finally, Graypoint LLC increased its position in Williams-Sonoma by 1.5% during the first quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after buying an additional 69 shares during the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $195.08 on Thursday. The company has a market capitalization of $23.76 billion, a P/E ratio of 21.46, a P/E/G ratio of 3.15 and a beta of 1.55. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The business's 50 day simple moving average is $197.25 and its 200 day simple moving average is $173.15.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) 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 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 firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be given a dividend of $0.66 per share. 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 is currently 29.04%.

Insider Buying and Selling

In related news, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the sale, the executive vice president owned 14,003 shares of the company's stock, valued at $2,783,656.37. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the sale, the chief financial officer directly owned 34,138 shares in the company, valued at $6,787,999.92. This represents a 8.46% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 144,153 shares of company stock worth $27,946,408. 1.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 28th. KeyCorp boosted their price target on Williams-Sonoma from $181.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, August 25th. Royal Bank Of Canada upped their target price on Williams-Sonoma from $212.00 to $213.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Wells Fargo & Company upped their target price 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, Citigroup upped their target price on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Williams-Sonoma presently has an average rating of "Moderate Buy" and a consensus target price of $199.11.

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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