US Bancorp DE Decreases Stake in Williams-Sonoma, Inc. $WSM

US Bancorp DE decreased its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,661 shares of the specialty retailer's stock after selling 1,859 shares during the quarter. US Bancorp DE's holdings in Williams-Sonoma were worth $9,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vontobel Holding Ltd. boosted its holdings in Williams-Sonoma by 33.3% in the second quarter. Vontobel Holding Ltd. now owns 20,125 shares of the specialty retailer's stock valued at $3,288,000 after purchasing an additional 5,030 shares in the last quarter. Trust Asset Management LLC acquired a new position in Williams-Sonoma in the second quarter valued at approximately $230,000. Venturi Wealth Management LLC boosted its holdings in Williams-Sonoma by 2.1% in the second quarter. Venturi Wealth Management LLC now owns 11,035 shares of the specialty retailer's stock valued at $1,803,000 after purchasing an additional 223 shares in the last quarter. Shell Asset Management Co. boosted its holdings in Williams-Sonoma by 27.0% in the second quarter. Shell Asset Management Co. now owns 15,546 shares of the specialty retailer's stock valued at $2,540,000 after purchasing an additional 3,302 shares in the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in Williams-Sonoma by 0.9% in the second quarter. KLP Kapitalforvaltning AS now owns 88,700 shares of the specialty retailer's stock valued at $14,491,000 after purchasing an additional 800 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value 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 represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Howie sold 3,153 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the sale, the chief financial officer directly owned 34,138 shares of the company's stock, valued at approximately $6,787,999.92. This trade represents a 8.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,153 shares of company stock worth $27,946,408 over the last three months. 1.10% of the stock is owned by company insiders.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $181.42 on Friday. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98. The business has a 50 day simple moving average of $198.04 and a 200-day simple moving average of $174.32. The stock has a market capitalization of $22.10 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.55.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released 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. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The business had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.82 billion. During the same quarter in the prior year, the business earned $1.74 earnings per share. The company's quarterly revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, October 17th. Williams-Sonoma's dividend payout ratio is 29.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Evercore ISI upped their price target on Williams-Sonoma from $200.00 to $210.00 and gave the company an "in-line" rating in a report on Thursday, August 28th. Gordon Haskett raised Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price target for the company in a report on Wednesday, July 23rd. Weiss Ratings reissued a "buy (b-)" rating on shares of Williams-Sonoma in a report on Wednesday. Telsey Advisory Group reissued an "outperform" rating and issued a $215.00 price objective on shares of Williams-Sonoma in a report on Thursday, August 28th. Finally, The Goldman Sachs Group increased their price objective on Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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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