Reik & CO. LLC Has $36.87 Million Stock Position in Williams-Sonoma, Inc. $WSM

Reik & CO. LLC lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,440 shares of the specialty retailer’s stock after selling 5,501 shares during the quarter. Williams-Sonoma accounts for 10.1% of Reik & CO. LLC’s investment portfolio, making the stock its 4th largest position. Reik & CO. LLC’s holdings in Williams-Sonoma were worth $36,868,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of WSM. Atlantic Union Bankshares Corp grew its stake in Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Triumph Capital Management bought a new position in Williams-Sonoma in the 3rd quarter valued at $37,000. Cary Street Partners Investment Advisory LLC grew its stake in Williams-Sonoma by 66.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 88 shares during the period. Parkside Financial Bank & Trust grew its stake in Williams-Sonoma by 57.2% in the 3rd quarter. Parkside Financial Bank & Trust now owns 228 shares of the specialty retailer’s stock valued at $45,000 after purchasing an additional 83 shares during the period. Finally, Root Financial Partners LLC bought a new position in Williams-Sonoma in the 3rd quarter valued at $48,000. Institutional investors own 99.29% of the company’s stock.

Insider Buying and Selling

In related news, EVP Karalyn Yearout sold 2,267 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $192.49, for a total value of $436,374.83. Following the completion of the transaction, the executive vice president directly owned 23,351 shares of the company’s stock, valued at approximately $4,494,833.99. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffrey Howie sold 32,684 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $180.64, for a total transaction of $5,904,037.76. Following the completion of the transaction, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,166,688.32. This trade represents a 48.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 71,370 shares of company stock valued at $13,268,623. Company insiders own 1.10% of the company’s stock.

Williams-Sonoma Stock Performance

WSM stock opened at $168.51 on Monday. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 2.11 and a beta of 1.49. Williams-Sonoma, Inc. has a fifty-two week low of $147.39 and a fifty-two week high of $222.00. The stock has a fifty day moving average of $184.81 and a 200-day moving average of $192.21.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings data on Wednesday, March 18th. The specialty retailer reported $3.04 EPS for the quarter, topping the consensus estimate of $2.90 by $0.14. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.41 billion. Williams-Sonoma had a net margin of 13.94% and a return on equity of 51.45%. Williams-Sonoma’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $3.28 EPS. Equities analysts predict that Williams-Sonoma, Inc. will post 9.26 EPS for the current year.

Williams-Sonoma Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, April 17th will be issued a $0.76 dividend. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, April 17th. This represents a $3.04 annualized dividend and a yield of 1.8%. Williams-Sonoma’s payout ratio is 29.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on WSM shares. Weiss Ratings raised shares of Williams-Sonoma from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Telsey Advisory Group reissued an “outperform” rating and set a $220.00 target price on shares of Williams-Sonoma in a research report on Thursday, March 12th. Wells Fargo & Company set a $185.00 target price on shares of Williams-Sonoma and gave the company an “equal weight” rating in a research report on Thursday. Citigroup reduced their target price on shares of Williams-Sonoma from $208.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group raised shares of Williams-Sonoma from a “neutral” rating to a “buy” rating and increased their target price for the company from $185.00 to $218.00 in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Williams-Sonoma presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.81.

Williams-Sonoma Company Profile

Williams‑Sonoma, Inc is a specialty retailer focused on the home and culinary markets, best known for premium cookware, kitchen tools and home furnishings. The company traces its roots to a single cookware store founded by Chuck Williams in 1956 in Sonoma, California, and has evolved into a multi‑brand home furnishings and housewares business. Its merchandise mix spans cookware and kitchen electrics, tabletop and food prep items, furniture, bedding, lighting and decorative accessories designed for both everyday use and higher‑end interiors.

The company operates a portfolio of consumer brands that target distinct segments of the home market.