Meeder Asset Management Inc. Decreases Stake in Williams-Sonoma, Inc. (NYSE:WSM)

Meeder Asset Management Inc. lowered its holdings in Williams-Sonoma, Inc. (NYSE:WSMGet Rating) by 63.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452 shares of the specialty retailer’s stock after selling 779 shares during the quarter. Meeder Asset Management Inc.’s holdings in Williams-Sonoma were worth $50,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Lindenwold Advisors increased its position in Williams-Sonoma by 1.4% during the second quarter. Lindenwold Advisors now owns 5,008 shares of the specialty retailer’s stock valued at $556,000 after acquiring an additional 71 shares during the last quarter. Fifth Third Bancorp increased its position in Williams-Sonoma by 14.4% during the second quarter. Fifth Third Bancorp now owns 572 shares of the specialty retailer’s stock valued at $63,000 after acquiring an additional 72 shares during the last quarter. Truist Financial Corp increased its position in Williams-Sonoma by 0.7% during the second quarter. Truist Financial Corp now owns 12,278 shares of the specialty retailer’s stock valued at $1,362,000 after acquiring an additional 82 shares during the last quarter. CWM LLC increased its position in Williams-Sonoma by 42.5% during the first quarter. CWM LLC now owns 285 shares of the specialty retailer’s stock valued at $41,000 after acquiring an additional 85 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Williams-Sonoma by 4.5% during the second quarter. Van ECK Associates Corp now owns 2,275 shares of the specialty retailer’s stock valued at $252,000 after acquiring an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 93.74% of the company’s stock.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $150.43, for a total transaction of $3,008,600.00. Following the sale, the chief executive officer now directly owns 501,653 shares in the company, valued at $75,463,660.79. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.

Williams-Sonoma Trading Up 5.1 %

NYSE:WSM opened at $135.33 on Monday. The company has a market capitalization of $9.03 billion, a P/E ratio of 8.42, a P/E/G ratio of 1.40 and a beta of 1.61. Williams-Sonoma, Inc. has a 12 month low of $101.58 and a 12 month high of $223.32. The business’s 50-day moving average is $127.25 and its 200 day moving average is $131.50.

Williams-Sonoma (NYSE:WSMGet Rating) last posted its earnings results on Wednesday, August 24th. The specialty retailer reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.54 by $0.33. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.03 billion. Williams-Sonoma had a return on equity of 81.21% and a net margin of 13.68%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.24 earnings per share. On average, research analysts forecast that Williams-Sonoma, Inc. will post 16.67 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, October 21st will be given a $0.78 dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.31%. Williams-Sonoma’s dividend payout ratio is currently 19.42%.

Analysts Set New Price Targets

WSM has been the subject of a number of research reports. The Goldman Sachs Group upped their price objective on Williams-Sonoma from $100.00 to $138.00 and gave the company a “sell” rating in a research report on Friday, August 26th. Barclays boosted their price target on Williams-Sonoma from $173.00 to $192.00 and gave the company an “overweight” rating in a report on Thursday, August 25th. Morgan Stanley boosted their price target on Williams-Sonoma from $140.00 to $150.00 and gave the company an “equal weight” rating in a report on Monday, August 29th. Telsey Advisory Group boosted their price target on Williams-Sonoma from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. Finally, Wells Fargo & Company boosted their price target on Williams-Sonoma from $135.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, August 25th. Six investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of “Hold” and an average price target of $154.06.

Williams-Sonoma Company Profile

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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.

Further Reading

Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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