Key Points
- Williams-Sonoma EVP Karalyn Yearout sold 522 shares at an average price of $239.36, generating $124,945.92. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving her with 19,673 shares.
- The company exceeded quarterly expectations, reporting $2.10 in earnings per share and $1.96 billion in revenue, with revenue up 6.7% year over year.
- Williams-Sonoma declared a quarterly dividend of $0.76 per share, equivalent to an annualized $3.04 and a 1.3% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $245.56.
Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) EVP Karalyn Yearout sold 522 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $239.36, for a total transaction of $124,945.92. Following the completion of the sale, the executive vice president directly owned 19,673 shares in the company, valued at $4,708,929.28. This represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 Friday, August 7th, Karalyn Yearout sold 522 shares of Williams-Sonoma stock. The shares were sold at an average price of $246.39, for a total transaction of $128,615.58.
- On Tuesday, August 4th, Karalyn Yearout sold 1,000 shares of Williams-Sonoma stock. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00.
Williams-Sonoma Stock Performance
Shares of WSM stock opened at $239.64 on Wednesday. The firm has a market capitalization of $28.23 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.59 and a beta of 1.48. Williams-Sonoma, Inc. has a one year low of $165.51 and a one year high of $254.89. The company has a 50 day moving average price of $234.13 and a 200 day moving average price of $215.73.
Williams-Sonoma (NYSE:WSM - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share for the quarter, beating analysts' consensus estimates of $2.08 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.93 billion. Williams-Sonoma had a net margin of 14.73% and a return on equity of 53.48%. Williams-Sonoma's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $2.00 EPS. As a group, equities analysts forecast that Williams-Sonoma, Inc. will post 9.51 EPS for the current fiscal year.
Williams-Sonoma Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 16th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, October 16th. Williams-Sonoma's dividend payout ratio is presently 31.12%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of WSM. Y Intercept Hong Kong Ltd increased its position in shares of Williams-Sonoma by 1,844.3% during the first quarter. Y Intercept Hong Kong Ltd now owns 47,733 shares of the specialty retailer's stock worth $8,703,000 after acquiring an additional 45,278 shares during the last quarter. Little House Capital LLC acquired a new position in shares of Williams-Sonoma in the first quarter worth about $801,000. Hsbc Holdings PLC boosted its holdings in Williams-Sonoma by 12.1% in the second quarter. Hsbc Holdings PLC now owns 302,105 shares of the specialty retailer's stock valued at $70,540,000 after purchasing an additional 32,644 shares during the last quarter. Raiffeisen Bank International AG boosted its holdings in Williams-Sonoma by 319.2% in the second quarter. Raiffeisen Bank International AG now owns 6,673 shares of the specialty retailer's stock valued at $1,603,000 after purchasing an additional 5,081 shares during the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Williams-Sonoma by 313.2% in the second quarter. Wellington Management Group LLP now owns 49,821 shares of the specialty retailer's stock valued at $11,613,000 after purchasing an additional 37,764 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Williams-Sonoma from $190.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 11th. Citigroup boosted their price target on Williams-Sonoma from $248.00 to $252.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Piper Sandler initiated coverage on Williams-Sonoma in a research report on Monday, July 27th. They set an "overweight" rating and a $253.00 price target for the company. KeyCorp restated an "overweight" rating and set a $270.00 price target (up from $250.00) on shares of Williams-Sonoma in a research note on Thursday, August 27th. Finally, The Goldman Sachs Group restated a "buy" rating and set a $261.00 price target (up from $230.00) on shares of Williams-Sonoma in a research note on Tuesday, August 11th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $245.56.
Get Our Latest Stock Analysis on Williams-Sonoma
Williams-Sonoma Company Profile
(
Get Free Report)
Williams-Sonoma, Inc is an omnichannel specialty retailer focused on home furnishings, décor, kitchenware and related lifestyle products. The company operates a portfolio of brands that includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home and Mark & Graham.
Its products include cookware, cutlery, appliances, tabletop goods, furniture, bedding, bath products, lighting, rugs, textiles, decorative accessories, gifts and personalized items.
Further Reading
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