Williams-Sonoma, Inc. (NYSE:WSM) Stock Position Raised by Truist Financial Corp

Truist Financial Corp boosted its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 5.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 358,242 shares of the specialty retailer's stock after purchasing an additional 18,066 shares during the quarter. Truist Financial Corp owned about 0.29% of Williams-Sonoma worth $56,638,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sentry Investment Management LLC purchased a new stake in Williams-Sonoma in the 1st quarter valued at about $32,000. SOA Wealth Advisors LLC. purchased a new stake in Williams-Sonoma in the 1st quarter valued at about $33,000. Heck Capital Advisors LLC purchased a new stake in Williams-Sonoma in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC grew its holdings in Williams-Sonoma by 123.6% in the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer's stock valued at $39,000 after buying an additional 136 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in Williams-Sonoma in the 1st quarter valued at about $43,000. Institutional investors and hedge funds own 99.29% of the company's stock.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 30,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $164.33, for a total value of $4,929,900.00. Following the completion of the sale, the chief executive officer directly owned 996,927 shares of the company's stock, valued at approximately $163,825,013.91. This represents a 2.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Howie sold 4,000 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the sale, the chief financial officer directly owned 34,388 shares of the company's stock, valued at approximately $5,810,196.48. This represents a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,915 shares of company stock valued at $8,203,186 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Williams-Sonoma Price Performance

Shares of WSM stock traded down $0.09 on Tuesday, hitting $169.12. 1,293,025 shares of the stock traded hands, compared to its average volume of 1,974,443. The company has a market capitalization of $20.80 billion, a PE ratio of 19.15, a PEG ratio of 2.74 and a beta of 1.45. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The company's fifty day moving average is $162.42 and its 200 day moving average is $175.14.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.09. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period in the prior year, the company posted $3.48 EPS. The business's revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $2.64 annualized dividend and a yield of 1.56%. Williams-Sonoma's dividend payout ratio is currently 29.90%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. KeyCorp upgraded Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 target price for the company in a report on Friday, April 25th. Zelman & Associates assumed coverage on Williams-Sonoma in a report on Thursday, May 15th. They set an "underperform" rating for the company. JPMorgan Chase & Co. boosted their target price on Williams-Sonoma from $153.00 to $168.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Royal Bank Of Canada set a $182.00 target price on Williams-Sonoma and gave the stock an "outperform" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company decreased their price target on Williams-Sonoma from $195.00 to $170.00 and set an "equal weight" rating for the company in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma has an average rating of "Hold" and a consensus price target of $176.75.

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.