Williams-Sonoma (NYSE:WSM) EVP Sells $695,765.00 in Stock

Key Points

• Williams-Sonoma's EVP, Karalyn Yearout, sold 3,500 shares of stock for approximately $695,765, marking a 20% decrease in her ownership.
• The company reported $2.00 EPS for its last quarter, surpassing analysts' expectations and demonstrating a 2.7% year-over-year revenue increase.
• Williams-Sonoma announced a quarterly dividend of $0.66 per share, with a dividend yield of 1.3%, to be paid on November 21st.

Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) EVP Karalyn Yearout sold 3,500 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Williams-Sonoma Stock Performance

Shares of NYSE:WSM traded up $0.47 during midday trading on Friday, hitting $201.58. 880,780 shares of the stock were exchanged, compared to its average volume of 1,833,349. The business's fifty day simple moving average is $196.28 and its two-hundred day simple moving average is $172.63. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The company has a market capitalization of $24.55 billion, a PE ratio of 22.18, a P/E/G ratio of 3.22 and a beta of 1.52.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings data on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. The firm's revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current year.

Williams-Sonoma Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a $0.66 dividend. The ex-dividend date is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.3%. Williams-Sonoma's dividend payout ratio (DPR) is 29.04%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Williams-Sonoma in the first quarter valued at approximately $895,000. Sequoia Financial Advisors LLC raised its stake in shares of Williams-Sonoma by 26.4% in the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer's stock valued at $7,019,000 after buying an additional 9,266 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Williams-Sonoma by 128.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer's stock valued at $34,410,000 after buying an additional 122,180 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Williams-Sonoma by 10.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer's stock valued at $2,751,000 after purchasing an additional 1,673 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Williams-Sonoma by 26.2% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer's stock valued at $2,245,000 after purchasing an additional 2,945 shares in the last quarter. Institutional investors own 99.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. KeyCorp lifted their price objective on Williams-Sonoma from $181.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, August 25th. Citigroup boosted their price target on Williams-Sonoma from $162.00 to $202.00 and gave the company a "neutral" rating in a report on Friday, August 22nd. Morgan Stanley boosted their price target on Williams-Sonoma from $185.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 28th. Telsey Advisory Group reissued an "outperform" rating and set a $215.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. Finally, Royal Bank Of Canada boosted their price target on Williams-Sonoma from $212.00 to $213.00 and gave the company an "outperform" rating in a research note on Thursday, August 28th. Two 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $199.11.

About Williams-Sonoma

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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