Truvestments Capital LLC Takes $742,000 Position in Williams-Sonoma, Inc. $WSM

Key Points

• Truvestments Capital LLC has acquired a position in Williams-Sonoma, Inc., purchasing 4,695 shares valued at approximately $742,000.
• Williams-Sonoma reported $2.00 EPS for the last quarter, exceeding expectations and showing a 2.7% increase in revenue compared to the previous year.
• The company has declared a quarterly dividend of $0.66, representing a 1.4% yield and a payout ratio of approximately 29.9%.

Truvestments Capital LLC bought a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,695 shares of the specialty retailer's stock, valued at approximately $742,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer's stock worth $1,248,000 after purchasing an additional 1,236 shares in the last quarter. MML Investors Services LLC lifted its stake in shares of Williams-Sonoma by 10.0% during the 4th quarter. MML Investors Services LLC now owns 6,808 shares of the specialty retailer's stock valued at $1,261,000 after buying an additional 619 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Williams-Sonoma by 3.9% during the 4th quarter. Stifel Financial Corp now owns 20,293 shares of the specialty retailer's stock valued at $3,758,000 after buying an additional 758 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Williams-Sonoma by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 162,112 shares of the specialty retailer's stock valued at $30,021,000 after buying an additional 5,151 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Williams-Sonoma by 15.1% during the 4th quarter. Northern Trust Corp now owns 1,902,382 shares of the specialty retailer's stock valued at $352,283,000 after buying an additional 249,389 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Down 2.7%

Shares of WSM stock opened at $192.61 on Thursday. The stock has a market cap of $23.69 billion, a P/E ratio of 21.81, a PEG ratio of 3.20 and a beta of 1.47. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The company's fifty day simple moving average is $182.75 and its two-hundred day simple moving average is $172.66.

Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping the consensus estimate of $1.79 by $0.21. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.82 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.74 EPS. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, 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 was paid on Friday, August 22nd. Shareholders of record on Friday, July 18th were paid a $0.66 dividend. The ex-dividend date was Friday, July 18th. This represents a $2.64 annualized dividend and a yield of 1.4%. Williams-Sonoma's payout ratio is presently 29.90%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an "equal weight" rating in a research note on Monday. Telsey Advisory Group restated an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a research note on Friday, August 22nd. KeyCorp lifted their target price on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday. UBS Group lifted their target price on shares of Williams-Sonoma from $160.00 to $184.00 and gave the company a "neutral" rating in a research note on Friday, August 22nd. Finally, Jefferies Financial Group restated a "buy" rating on shares of Williams-Sonoma in a research note on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $189.65.

Insider Buying and Selling at Williams-Sonoma

In other news, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $168.18, for a total transaction of $5,045,400.00. Following the sale, the chief executive officer directly owned 966,927 shares in the company, valued at approximately $162,617,782.86. This represents a 3.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jeffrey Howie sold 4,000 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total transaction of $675,840.00. Following the sale, the chief financial officer owned 34,388 shares in the company, valued at $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. In the last quarter, insiders sold 38,000 shares of company stock worth $6,349,680. Corporate insiders own 1.10% of the company's stock.

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.

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