Stiles Financial Services Inc Has $2.38 Million Stake in Williams-Sonoma, Inc. $WSM

Stiles Financial Services Inc boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 9.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,590 shares of the specialty retailer’s stock after purchasing an additional 1,275 shares during the quarter. Stiles Financial Services Inc’s holdings in Williams-Sonoma were worth $2,384,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of WSM. Maseco LLP acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at approximately $26,000. Quarry LP raised its position 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 buying an additional 99 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Williams-Sonoma in the 1st quarter valued at approximately $32,000. Wayfinding Financial LLC acquired a new position in shares of Williams-Sonoma in the 1st quarter valued at approximately $35,000. Finally, Golden State Wealth Management LLC raised its position in shares of Williams-Sonoma by 123.6% in the 1st quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer’s stock valued at $39,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

WSM stock opened at $189.27 on Friday. The company has a 50 day simple moving average of $198.16 and a 200 day simple moving average of $174.18. The stock has a market cap of $23.05 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 3.08 and a beta of 1.55. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data 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 business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the company earned $1.74 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, October 17th. Williams-Sonoma’s dividend payout ratio is 29.04%.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the transaction, the chief executive officer directly owned 876,927 shares in the company, valued at approximately $175,534,477.59. This represents a 9.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Randolph King sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the completion of the transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at approximately $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. In the last quarter, insiders have sold 144,153 shares of company stock valued at $27,946,408. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their target price on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Wells Fargo & Company boosted their target price on shares of Williams-Sonoma from $170.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, August 25th. Citigroup boosted their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the company a “neutral” rating in a research report on Friday, August 22nd. Royal Bank Of Canada boosted their target price on shares of Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th. Finally, KeyCorp upped their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.