Allspring Global Investments Holdings LLC Lowers Position in Williams-Sonoma, Inc. $WSM

Allspring Global Investments Holdings LLC reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,387 shares of the specialty retailer’s stock after selling 246 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Williams-Sonoma were worth $911,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in WSM. Maseco LLP bought a new position in shares of Williams-Sonoma during the second quarter valued at approximately $26,000. Quarry LP increased its position in Williams-Sonoma by 99.0% during the 1st quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 99 shares in the last quarter. Costello Asset Management INC bought a new stake in Williams-Sonoma during the 1st quarter valued at about $32,000. Wayfinding Financial LLC purchased a new position in Williams-Sonoma in the 1st quarter worth approximately $35,000. Finally, Golden State Wealth Management LLC raised its stake in shares of Williams-Sonoma by 123.6% in the first quarter. Golden State Wealth Management LLC now owns 246 shares of the specialty retailer’s stock worth $39,000 after purchasing an additional 136 shares during the last quarter. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

Williams-Sonoma Price Performance

Shares of NYSE:WSM opened at $187.77 on Thursday. The firm has a market capitalization of $22.87 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 3.08 and a beta of 1.55. The business has a 50 day simple moving average of $195.85 and a two-hundred day simple moving average of $176.07. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.21. Williams-Sonoma had a return on equity of 54.47% and a net margin of 14.54%.The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the company earned $1.74 EPS. Williams-Sonoma’s quarterly revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. Equities research analysts expect that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

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 given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 dividend on an annualized basis and a yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Analyst Ratings Changes

Several analysts recently commented on the company. UBS Group set a $200.00 price objective on Williams-Sonoma in a report on Thursday, August 28th. Citigroup upped their target price on shares of Williams-Sonoma from $162.00 to $202.00 and gave the stock a “neutral” rating in a report on Friday, August 22nd. Morgan Stanley boosted their target price on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a report on Thursday, August 28th. Wells Fargo & Company boosted their target price on Williams-Sonoma from $170.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Monday, August 25th. Finally, Royal Bank Of Canada raised their price target on Williams-Sonoma from $212.00 to $213.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $198.56.

Insider Activity

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $203.60, for a total value of $3,563,000.00. Following the completion of the sale, the executive vice president directly owned 98,560 shares in the company, valued at $20,066,816. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Karalyn Yearout sold 3,500 shares of Williams-Sonoma stock in a transaction on 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 transaction, the executive vice president directly owned 14,003 shares in the company, valued at $2,783,656.37. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 114,153 shares of company stock valued at $22,901,008 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.