Key Points
- Williams-Sonoma EVP Karalyn Yearout sold 522 shares at an average price of $246.39, generating $128,615.58. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced her direct ownership by 2.52% to 20,195 shares.
- Williams-Sonoma recently beat quarterly expectations, reporting $1.93 in EPS versus the $1.80 consensus and $1.81 billion in revenue. Revenue increased 4.4% year over year, while analysts forecast full-year EPS of $9.38.
- The company declared a quarterly dividend of $0.76, equivalent to an annualized $3.04 payout and a 1.2% yield. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $217.82.
Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) EVP Karalyn Yearout sold 522 shares of Williams-Sonoma stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $246.39, for a total transaction of $128,615.58. Following the completion of the transaction, the executive vice president directly owned 20,195 shares of the company's stock, valued at $4,975,846.05. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Karalyn Yearout also recently made the following trade(s):
- On Tuesday, August 4th, Karalyn Yearout sold 1,000 shares of Williams-Sonoma stock. The shares were sold at an average price of $250.00, for a total value of $250,000.00.
- On Monday, June 15th, Karalyn Yearout sold 1,112 shares of Williams-Sonoma stock. The stock was sold at an average price of $228.49, for a total value of $254,080.88.
- On Monday, June 8th, Karalyn Yearout sold 522 shares of Williams-Sonoma stock. The shares were sold at an average price of $203.07, for a total transaction of $106,002.54.
Williams-Sonoma Trading Down 0.3%
Shares of NYSE:WSM opened at $251.05 on Tuesday. Williams-Sonoma, Inc. has a 52 week low of $165.51 and a 52 week high of $252.99. The firm has a market capitalization of $29.56 billion, a P/E ratio of 28.11, a PEG ratio of 2.76 and a beta of 1.50. The firm's 50 day moving average is $226.60 and its two-hundred day moving average is $205.57.
Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.13. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.80 billion. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.85 EPS. Analysts predict that Williams-Sonoma, Inc. will post 9.38 EPS for the current year.
Williams-Sonoma Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 17th will be given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, July 17th. Williams-Sonoma's dividend payout ratio is 34.04%.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on WSM shares. The Goldman Sachs Group raised Williams-Sonoma from a "neutral" rating to a "buy" rating and upped their target price for the company from $185.00 to $218.00 in a report on Monday, April 13th. Morgan Stanley set a $210.00 price target on shares of Williams-Sonoma and gave the company an "equal weight" rating in a research report on Friday, May 22nd. Weiss Ratings raised Williams-Sonoma from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, July 30th. Evercore set a $240.00 price target on shares of Williams-Sonoma in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company set a $190.00 price objective on Williams-Sonoma and gave the company an "equal weight" rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $217.82.
Check Out Our Latest Analysis on WSM
Institutional Trading of Williams-Sonoma
Several hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in Williams-Sonoma in the 4th quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its position in Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer's stock valued at $26,000 after buying an additional 50 shares during the last quarter. MidFirst Bank acquired a new stake in shares of Williams-Sonoma in the 4th quarter valued at $30,000. Ballast Advisors LLC acquired a new stake in shares of Williams-Sonoma in the 1st quarter valued at $30,000. Finally, Millstone Evans Group LLC raised its position in shares of Williams-Sonoma by 229.4% during the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer's stock worth $31,000 after acquiring an additional 117 shares during the last quarter. 99.29% of the stock is owned by institutional investors.
Williams-Sonoma Company Profile
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Get Free Report)
Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.
The company operates a portfolio of consumer brands that target distinct segments of the home market.
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