Trust Asset Management LLC Takes $230,000 Position in Williams-Sonoma, Inc. $WSM

Key Points

• Trust Asset Management LLC has acquired a new position in Williams-Sonoma, Inc., purchasing 1,405 shares valued at approximately $230,000 in the second quarter.
• Williams-Sonoma announced a quarterly dividend of $0.66, with a dividend yield of 1.4%, scheduled to be paid on November 21st.
• The company reported earnings of $2.00 per share for the last quarter, exceeding analyst estimates, with revenue of $1.84 billion.

Trust Asset Management LLC acquired a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,405 shares of the specialty retailer's stock, valued at approximately $230,000.

A number of other institutional investors also recently made changes to their positions in the business. Maseco LLP purchased a new stake in Williams-Sonoma during the 2nd quarter valued at $26,000. Quarry LP boosted its position 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 buying an additional 99 shares during the period. Costello Asset Management INC purchased a new stake in Williams-Sonoma during the 1st quarter valued at $32,000. Wayfinding Financial LLC purchased a new stake in Williams-Sonoma during the 1st quarter valued at $35,000. Finally, Golden State Wealth Management LLC boosted its position in Williams-Sonoma by 123.6% during 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. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Trading Down 3.5%

NYSE:WSM opened at $189.19 on Wednesday. The company has a 50-day moving average price of $198.10 and a 200-day moving average price of $173.93. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The stock has a market cap of $23.04 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 3.16 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.21. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. Williams-Sonoma's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

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 $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, October 17th. Williams-Sonoma's dividend payout ratio (DPR) is presently 29.04%.

Wall Street Analyst Weigh In

WSM has been the subject of several analyst reports. Royal Bank Of Canada increased their price target on shares of Williams-Sonoma from $212.00 to $213.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Citigroup increased their price target on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Argus set a $212.00 price target on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. Morgan Stanley raised their target price on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. raised their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, August 28th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat.com, Williams-Sonoma currently has an average rating of "Moderate Buy" and an average target price of $199.11.

Insider Buying and Selling at Williams-Sonoma

In related news, EVP David Randolph King sold 17,500 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the transaction, the executive vice president directly owned 98,560 shares in the company, valued at $20,066,816. This trade represents a 15.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 3,153 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares of the company's stock, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,153 shares of company stock valued at $27,946,408 in the last quarter. 1.10% of the stock is owned by insiders.

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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