Penserra Capital Management LLC Cuts Stake in Williams-Sonoma, Inc. $WSM

Penserra Capital Management LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 28.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,751 shares of the specialty retailer’s stock after selling 2,679 shares during the quarter. Penserra Capital Management LLC’s holdings in Williams-Sonoma were worth $1,102,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Maseco LLP bought a new position in shares of Williams-Sonoma during the second quarter valued at about $26,000. Quarry LP lifted its stake in shares of Williams-Sonoma by 99.0% in the 1st 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. Costello Asset Management INC purchased a new stake in Williams-Sonoma during the 1st quarter valued at about $32,000. Richardson Financial Services Inc. bought a new position in Williams-Sonoma during the 2nd quarter worth approximately $48,000. Finally, Cromwell Holdings LLC grew its position in Williams-Sonoma by 7,675.0% during the 2nd quarter. Cromwell Holdings LLC now owns 311 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 307 shares during the last quarter. 99.29% of the stock is owned by institutional investors.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 14,003 shares of the company’s stock, valued at approximately $2,783,656.37. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was 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 $6,787,999.92. This represents a 8.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 114,153 shares of company stock valued at $22,901,008. Company insiders own 1.10% of the company’s stock.

Williams-Sonoma Trading Down 1.2%

NYSE:WSM opened at $194.62 on Tuesday. The company has a 50-day moving average price of $195.09 and a 200-day moving average price of $181.26. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 3.16 and a beta of 1.56. Williams-Sonoma, Inc. has a 12 month low of $128.37 and a 12 month high of $219.98.

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

Williams-Sonoma Announces Dividend

The company 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. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, October 17th. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Wall Street Analyst Weigh In

WSM has been the subject of a number of analyst reports. Wells Fargo & Company increased their price objective on Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, August 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. Argus set a $212.00 price objective on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. Evercore ISI lowered their price objective on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating for the company in a research note on Tuesday, October 14th. Finally, Gordon Haskett raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price on the stock in a research note on Wednesday, July 23rd. Two research 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $198.56.

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.