Williams-Sonoma, Inc. $WSM Shares Sold by Logan Capital Management Inc.

Key Points

• Logan Capital Management Inc. has reduced its stake in Williams-Sonoma, Inc. by 0.8%, holding 167,592 shares valued at approximately $26.5 million, making it the firm's 17th largest position.
• Williams-Sonoma has recently declared a quarterly dividend of $0.66, translating to an annual yield of 1.3% with a dividend payout ratio of 29.04%.
• Analyst sentiment towards Williams-Sonoma is mixed, with two analysts rating it as a Strong Buy, while a consensus target price stands at $199.11, indicating moderate growth potential.

Logan Capital Management Inc. decreased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,592 shares of the specialty retailer's stock after selling 1,305 shares during the period. Williams-Sonoma accounts for 1.2% of Logan Capital Management Inc.'s holdings, making the stock its 17th biggest position. Logan Capital Management Inc. owned 0.14% of Williams-Sonoma worth $26,496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of WSM. Quarry LP lifted its position in Williams-Sonoma by 99.0% during the first quarter. Quarry LP now owns 199 shares of the specialty retailer's stock valued at $31,000 after acquiring an additional 99 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Williams-Sonoma during the first quarter valued at approximately $32,000. Costello Asset Management INC purchased a new stake in Williams-Sonoma during the first quarter valued at approximately $32,000. SOA Wealth Advisors LLC. acquired a new position in Williams-Sonoma during the 1st quarter valued at approximately $33,000. Finally, Wayfinding Financial LLC acquired a new position in Williams-Sonoma during the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM traded up $0.74 during midday trading on Thursday, hitting $203.41. The company's stock had a trading volume of 849,590 shares, compared to its average volume of 1,354,474. The business's 50 day simple moving average is $190.07 and its 200 day simple moving average is $171.82. The company has a market cap of $24.77 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 3.26 and a beta of 1.52. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last posted its quarterly 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 the consensus estimate of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $1.74 earnings per share. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, July 18th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a yield of 1.3%. Williams-Sonoma's payout ratio is 29.04%.

Insiders Place Their Bets

In other Williams-Sonoma news, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma 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 transaction, the chief financial officer directly owned 34,388 shares of the company's stock, valued at $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Randolph King sold 17,500 shares of Williams-Sonoma stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,500 shares of company stock valued at $9,284,240 over the last ninety days. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WSM. Zelman & Associates began coverage on shares of Williams-Sonoma in a research note on Thursday, May 15th. They set an "underperform" rating on the stock. JPMorgan Chase & Co. upped their price target on shares of Williams-Sonoma from $168.00 to $215.00 and gave the company a "neutral" rating in a research note on Thursday, August 28th. Barclays set a $166.00 price target on shares of Williams-Sonoma and gave the company an "equal weight" rating in a research note on Monday, May 19th. KeyCorp increased their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an "overweight" rating in a research note on Monday, August 25th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma from a "hold" rating to a "buy" rating and set a $205.00 price objective on the stock in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Williams-Sonoma has a consensus rating of "Moderate Buy" and a consensus target price 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.