Concord Asset Management LLC VA Grows Holdings in Williams-Sonoma, Inc. $WSM

Concord Asset Management LLC VA increased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 2.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,196 shares of the specialty retailer’s stock after purchasing an additional 317 shares during the quarter. Concord Asset Management LLC VA’s holdings in Williams-Sonoma were worth $2,156,000 as of its most recent SEC filing.

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

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, EVP David Randolph King sold 17,500 shares of the business’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 transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the chief executive officer directly owned 876,927 shares of the company’s stock, valued at $175,534,477.59. This trade represents a 9.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,153 shares of company stock worth $27,946,408 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Williams-Sonoma from $200.00 to $210.00 and gave the company an “in-line” rating in a research report on Thursday, August 28th. Morgan Stanley boosted their price target on shares of Williams-Sonoma from $185.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, August 28th. Argus set a $212.00 price target on shares of Williams-Sonoma in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Williams-Sonoma in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada upped their target price on shares of Williams-Sonoma from $212.00 to $213.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $199.11.

Williams-Sonoma Price Performance

WSM stock opened at $181.42 on Monday. Williams-Sonoma, Inc. has a one year low of $125.33 and a one year high of $219.98. The stock has a market cap of $22.10 billion, a PE ratio of 19.96, a P/E/G ratio of 2.93 and a beta of 1.55. The firm has a 50 day simple moving average of $198.04 and a two-hundred day simple moving average of $174.39.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the previous year, the company earned $1.74 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, 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 declared 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 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, October 17th. Williams-Sonoma’s 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.