Maridea Wealth Management LLC Takes $445,000 Position in Williams-Sonoma, Inc. $WSM

Maridea Wealth Management LLC bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,723 shares of the specialty retailer’s stock, valued at approximately $445,000.

Other hedge funds have also modified their holdings of the company. Maseco LLP acquired a new stake in shares of Williams-Sonoma in the second quarter valued at about $26,000. Quarry LP raised its position in shares of Williams-Sonoma by 99.0% in the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after buying an additional 99 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Williams-Sonoma during the first quarter worth about $32,000. Costello Asset Management INC acquired a new stake in Williams-Sonoma during the first quarter worth about $32,000. Finally, SOA Wealth Advisors LLC. acquired a new stake in Williams-Sonoma during the first quarter worth about $33,000. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Williams-Sonoma Price Performance

Shares of WSM stock opened at $201.44 on Friday. The firm has a market cap of $24.53 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.22 and a beta of 1.52. The company has a 50-day moving average of $195.66 and a two-hundred day moving average of $172.44. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98.

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

Williams-Sonoma Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, October 17th will be paid a $0.66 dividend. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 annualized dividend and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.04%.

Insider Activity

In other 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 transaction, the executive vice president owned 98,560 shares of the company’s stock, valued at approximately $20,066,816. This trade represents a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Jeffrey Howie sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $168.96, for a total transaction of $675,840.00. Following the completion of the transaction, the chief financial officer directly owned 34,388 shares of the company’s stock, valued at approximately $5,810,196.48. The trade was a 10.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,653 shares of company stock valued at $27,926,483. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on WSM. KeyCorp raised their price objective on shares of Williams-Sonoma from $181.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, August 25th. Telsey Advisory Group restated an “outperform” rating and set a $215.00 price objective on shares of Williams-Sonoma in a research report on Thursday, August 28th. Citigroup raised their price objective on shares of 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 raised their price objective on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a research report on Thursday, August 28th. Finally, Gordon Haskett upgraded shares of Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $199.11.

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.