Key Points
- Director Anne Finucane sold 794 Williams-Sonoma shares at an average price of $252.14, generating approximately $200,199. The transaction reduced her direct ownership by 7.79% and was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Williams-Sonoma shares closed at $249.88, near their one-year high of $255.33, with a market capitalization of approximately $29.43 billion. The company recently exceeded quarterly earnings and revenue expectations, reporting $2.10 in EPS and $1.96 billion in revenue.
- The company declared a quarterly dividend of $0.76 per share, 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 $245.56.
Williams-Sonoma, Inc. (NYSE:WSM - Get Free Report) Director Anne Finucane sold 794 shares of the stock in a transaction on Friday, October 16th. The shares were sold at an average price of $252.14, for a total transaction of $200,199.16. Following the transaction, the director directly owned 9,404 shares in the company, valued at approximately $2,371,124.56. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Williams-Sonoma Stock Performance
Shares of WSM stock traded down $2.15 on Friday, reaching $249.88. 1,808,408 shares of the company were exchanged, compared to its average volume of 1,173,836. The company has a market cap of $29.43 billion, a price-to-earnings ratio of 25.58, a P/E/G ratio of 2.73 and a beta of 1.48. The business has a 50-day moving average price of $234.08 and a 200 day moving average price of $216.94. Williams-Sonoma, Inc. has a 1 year low of $165.51 and a 1 year high of $255.33.
Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.02. The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.93 billion. Williams-Sonoma had a net margin of 14.73% and a return on equity of 53.48%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.00 EPS. As a group, equities analysts anticipate that Williams-Sonoma, Inc. will post 9.51 earnings per share for the current year.
Williams-Sonoma Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, October 16th. Williams-Sonoma's payout ratio is 31.12%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on WSM. Weiss Ratings upgraded Williams-Sonoma from a "hold (c+)" rating to a "buy (b)" rating in a research report on Monday, August 31st. TD Cowen reaffirmed a "buy" rating on shares of Williams-Sonoma in a research note on Monday, August 10th. Piper Sandler started 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $260.00 price target on shares of Williams-Sonoma in a research report on Thursday, August 27th. Finally, Jefferies Financial Group set a $275.00 target price on shares of Williams-Sonoma in a research note on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $245.56.
Check Out Our Latest Report on Williams-Sonoma
Hedge Funds Weigh In On Williams-Sonoma
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSM. IMG Wealth Management Inc. purchased a new stake in Williams-Sonoma in the 2nd quarter valued at $31,000. Meeder Asset Management Inc. acquired a new position in shares of Williams-Sonoma in the 2nd quarter valued at $35,000. Ballast Advisors LLC purchased a new position in Williams-Sonoma during the first quarter worth about $30,000. MidFirst Bank acquired a new stake in shares of Williams-Sonoma in the fourth quarter valued at $30,000. Finally, Millstone Evans Group LLC increased its stake in 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 purchasing an additional 117 shares during the period. Institutional investors and hedge funds own 99.29% of the company's stock.
Williams-Sonoma Company Profile
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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.
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