Williams-Sonoma, Inc. $WSM Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Williams-Sonoma by 12.5%, raising its holdings to 16,665 shares valued at approximately $2.7 million.
• Williams-Sonoma reported earnings of $2.00 per share, exceeding expectations, with a quarterly revenue of $1.84 billion, up 2.7% year-over-year.
• Analysts have raised price targets for Williams-Sonoma, with most targeting around $200, and the stock has received a consensus rating of "Moderate Buy."

Mirae Asset Global Investments Co. Ltd. increased its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,665 shares of the specialty retailer's stock after acquiring an additional 1,857 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Williams-Sonoma were worth $2,723,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Parallel Advisors LLC lifted its stake in shares of Williams-Sonoma by 2.1% in the second quarter. Parallel Advisors LLC now owns 3,016 shares of the specialty retailer's stock worth $493,000 after acquiring an additional 61 shares in the last quarter. Hemington Wealth Management boosted its stake in Williams-Sonoma by 15.3% during the 1st quarter. Hemington Wealth Management now owns 482 shares of the specialty retailer's stock valued at $76,000 after acquiring an additional 64 shares during the last quarter. TFB Advisors LLC boosted its stake in Williams-Sonoma by 5.5% during the 1st quarter. TFB Advisors LLC now owns 1,281 shares of the specialty retailer's stock valued at $203,000 after acquiring an additional 67 shares during the last quarter. Groupe la Francaise boosted its stake in Williams-Sonoma by 13.0% during the 1st quarter. Groupe la Francaise now owns 583 shares of the specialty retailer's stock valued at $96,000 after acquiring an additional 67 shares during the last quarter. Finally, Graypoint LLC boosted its stake in Williams-Sonoma by 1.5% during the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock valued at $757,000 after acquiring an additional 69 shares during the last quarter. Institutional investors and hedge funds own 99.29% of the company's stock.

Williams-Sonoma Price Performance

Shares of NYSE WSM opened at $189.19 on Wednesday. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The business's fifty day moving average price is $198.10 and its two-hundred day moving average price is $173.93. The firm has a market capitalization of $23.04 billion, a PE 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 earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.21. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 annualized dividend and a yield of 1.4%. Williams-Sonoma's dividend payout ratio is presently 29.04%.

Analysts Set New Price Targets

A number of research firms have commented on WSM. The Goldman Sachs Group increased their price objective on shares of Williams-Sonoma from $179.00 to $203.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Royal Bank Of Canada lifted their target price on Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research report on Thursday, August 28th. Evercore ISI lifted their target price on Williams-Sonoma from $200.00 to $210.00 and gave the stock an "in-line" rating in a research report on Thursday, August 28th. Gordon Haskett upgraded Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 target price for the company in a research report on Wednesday, July 23rd. Finally, UBS Group set a $200.00 target price on Williams-Sonoma in a research report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $199.11.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 90,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the sale, the chief executive officer owned 876,927 shares of the company's stock, valued at $175,534,477.59. This represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of the company's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total transaction of $695,765.00. Following the completion of the sale, the executive vice president directly owned 14,003 shares of the company's stock, valued at $2,783,656.37. The trade was a 20.00% 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 company insiders.

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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