Williams-Sonoma, Inc. $WSM Shares Sold by Assetmark Inc.

Assetmark Inc. reduced its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 0.2% in the second quarter, HoldingsChannel.com reports. The fund owned 439,541 shares of the specialty retailer’s stock after selling 1,071 shares during the quarter. Assetmark Inc.’s holdings in Williams-Sonoma were worth $71,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Maseco LLP acquired a new stake in shares of Williams-Sonoma during the 2nd quarter worth approximately $26,000. Quarry LP grew its stake in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock worth $31,000 after buying an additional 99 shares during the last quarter. Costello Asset Management INC bought a new position in Williams-Sonoma during the 1st quarter worth $32,000. Wayfinding Financial LLC acquired a new stake in Williams-Sonoma in the first quarter worth $35,000. Finally, Golden State Wealth Management LLC lifted its stake in Williams-Sonoma by 123.6% in the first 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 during the last quarter. 99.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on WSM shares. UBS Group set a $200.00 price target on shares of Williams-Sonoma in a 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 research note on Thursday, August 28th. Argus set a $212.00 target price on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. KeyCorp raised their price target on shares of Williams-Sonoma from $181.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, August 25th. Finally, The Goldman Sachs Group lifted their price target on Williams-Sonoma from $179.00 to $203.00 and gave the company a “neutral” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.56.

Insider Activity at Williams-Sonoma

In related news, CEO Laura Alber sold 90,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 876,927 shares of the company’s stock, valued at $175,534,477.59. This represents a 9.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction dated 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is owned by company insiders.

Williams-Sonoma Stock Down 2.3%

WSM stock opened at $195.12 on Thursday. The company has a market capitalization of $23.76 billion, a P/E ratio of 21.47, a PEG ratio of 3.22 and a beta of 1.55. The company has a 50-day simple moving average of $194.91 and a 200 day simple moving average of $178.03. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98.

Williams-Sonoma (NYSE:WSM) last posted its quarterly earnings data 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. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.74 earnings per share. 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 will be paid on Friday, November 21st. Investors of record on Friday, October 17th will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 annualized dividend and a yield of 1.4%. Williams-Sonoma’s dividend payout ratio is presently 29.04%.

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.