Williams-Sonoma (NYSE:WSM) EVP Sells $3,563,000.00 in Stock

Key Points

• Williams-Sonoma's EVP, David Randolph King, sold 17,500 shares of the company's stock for a total of $3,563,000, which decreased his ownership by 15.08%.
• The company reported better-than-expected quarterly earnings of $2.00 per share, surpassing analyst estimates of $1.79, with revenue rising 2.7% year-over-year.
• Williams-Sonoma's stock has a market cap of $24.67 billion and current analysts have a consensus rating of "Moderate Buy" with a target price of approximately $199.11.

Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) EVP David Randolph King sold 17,500 shares of the firm's 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 sale, the executive vice president directly owned 98,560 shares in the company, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Williams-Sonoma Trading Down 0.0%

Shares of WSM stock traded down $0.04 during trading hours on Wednesday, reaching $202.60. 796,233 shares of the company's stock were exchanged, compared to its average volume of 1,423,640. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The stock's 50 day moving average is $189.46 and its 200-day moving average is $171.76. The company has a market cap of $24.67 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 3.26 and a beta of 1.52.

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 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 the consensus estimate of $1.82 billion. During the same quarter last year, the company earned $1.74 earnings per share. The company's quarterly revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WSM. Morgan Stanley raised their target price on Williams-Sonoma from $185.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 28th. Argus set a $212.00 price objective on Williams-Sonoma in a report on Tuesday, September 2nd. Royal Bank Of Canada raised their price objective on Williams-Sonoma from $212.00 to $213.00 and gave the stock an "outperform" rating in a research note on Thursday, August 28th. Citigroup upped their target price on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a research report on Friday, August 22nd. Finally, Wells Fargo & Company increased their price target on shares of Williams-Sonoma from $170.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, August 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $199.11.

Institutional Trading of Williams-Sonoma

A number of hedge funds have recently added to or reduced their stakes in the company. Maseco LLP purchased a new position in shares of Williams-Sonoma in the 2nd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC grew its holdings in Williams-Sonoma by 130.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 180 shares of the specialty retailer's stock valued at $29,000 after purchasing an additional 102 shares during the period. Quarry LP grew its holdings in Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer's stock valued at $31,000 after purchasing an additional 99 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of Williams-Sonoma in the fourth quarter valued at approximately $37,000. Finally, Costello Asset Management INC acquired a new position in shares of Williams-Sonoma during the 1st quarter worth approximately $32,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

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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