Impact Investors Inc Increases Stake in Williams-Sonoma, Inc. $WSM

Impact Investors Inc lifted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 1.1% during the second quarter, HoldingsChannel reports. The firm owned 8,892 shares of the specialty retailer’s stock after purchasing an additional 101 shares during the period. Williams-Sonoma accounts for about 1.0% of Impact Investors Inc’s holdings, making the stock its 26th largest position. Impact Investors Inc’s holdings in Williams-Sonoma were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in WSM. Brighton Jones LLC grew its holdings in shares of Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock worth $1,248,000 after purchasing an additional 1,236 shares during the last quarter. Bison Wealth LLC bought a new position in Williams-Sonoma during the 4th quarter worth about $227,000. Merit Financial Group LLC grew its holdings in Williams-Sonoma by 7.2% during the 1st quarter. Merit Financial Group LLC now owns 7,656 shares of the specialty retailer’s stock worth $1,210,000 after acquiring an additional 517 shares in the last quarter. Sentry Investment Management LLC bought a new position in Williams-Sonoma during the 1st quarter worth about $32,000. Finally, Curat Global LLC bought a new position in Williams-Sonoma during the 1st quarter worth about $1,423,000. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Stock Up 1.6%

Shares of Williams-Sonoma stock opened at $199.29 on Friday. The firm has a market capitalization of $24.27 billion, a P/E ratio of 21.92, a PEG ratio of 3.16 and a beta of 1.55. The company has a 50 day moving average price of $197.90 and a 200 day moving average price of $173.48. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98.

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

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders 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 yield of 1.3%. The ex-dividend date is Friday, October 17th. Williams-Sonoma’s payout ratio is presently 29.04%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $215.00 target price on shares of Williams-Sonoma in a report on Thursday, August 28th. Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a report on Wednesday, July 23rd. Evercore ISI raised their price target on shares of Williams-Sonoma from $200.00 to $210.00 and gave the company an “in-line” rating in a report on Thursday, August 28th. Morgan Stanley raised their price target on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a report on Thursday, August 28th. Finally, Citigroup raised their price target on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a report on Friday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.11.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,153 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total transaction of $626,942.52. Following the completion of the sale, the chief financial officer directly owned 34,138 shares in the company, valued at approximately $6,787,999.92. The trade was a 8.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $198.79, for a total transaction of $695,765.00. Following the sale, the executive vice president owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,153 shares of company stock valued at $27,946,408. 1.10% of the stock is currently owned by insiders.

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.