Williams-Sonoma, Inc. $WSM Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,344 shares of the specialty retailer’s stock after purchasing an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Williams-Sonoma were worth $3,339,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Williams-Sonoma during the first quarter worth $895,000. Sequoia Financial Advisors LLC lifted its stake in Williams-Sonoma by 26.4% during the first quarter. Sequoia Financial Advisors LLC now owns 44,398 shares of the specialty retailer’s stock worth $7,019,000 after purchasing an additional 9,266 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Williams-Sonoma by 128.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 217,644 shares of the specialty retailer’s stock worth $34,410,000 after purchasing an additional 122,180 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Williams-Sonoma by 10.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,402 shares of the specialty retailer’s stock worth $2,751,000 after acquiring an additional 1,673 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Williams-Sonoma by 26.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,197 shares of the specialty retailer’s stock worth $2,245,000 after acquiring an additional 2,945 shares during the period. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 98,560 shares in the company, valued at $20,066,816. This represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Laura Alber sold 90,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $200.17, for a total transaction of $18,015,300.00. Following the completion of the transaction, the chief executive officer owned 876,927 shares of the company’s stock, valued at $175,534,477.59. This represents a 9.31% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,153 shares of company stock worth $22,901,008. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the topic of a number of recent research reports. Citigroup upped their price objective on Williams-Sonoma from $162.00 to $202.00 and gave the stock a “neutral” rating in a research report on Friday, August 22nd. The Goldman Sachs Group upped their price objective on Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Royal Bank Of Canada upped their price objective on Williams-Sonoma from $212.00 to $213.00 and gave the stock an “outperform” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. upped their price objective on Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Wells Fargo & Company upped their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Williams-Sonoma currently has an average rating of “Moderate Buy” and an average target price of $198.56.

Williams-Sonoma Price Performance

NYSE:WSM opened at $189.27 on Friday. The firm has a market capitalization of $23.05 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 3.05 and a beta of 1.55. The business’s fifty day moving average price is $195.22 and its 200 day moving average price is $176.97. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98.

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

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 1.4%. The ex-dividend date is Friday, October 17th. Williams-Sonoma’s dividend payout ratio is currently 29.04%.

Williams-Sonoma Company Profile

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.