Wellington Management Group LLP Buys 37,764 Shares of Williams-Sonoma, Inc. $WSM

Wellington Management Group LLP grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 313.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,821 shares of the specialty retailer’s stock after purchasing an additional 37,764 shares during the period. Wellington Management Group LLP’s holdings in Williams-Sonoma were worth $11,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in WSM. Archer Investment Corp acquired a new stake in shares of Williams-Sonoma in the 2nd quarter valued at about $47,000. Kingsview Wealth Management LLC acquired a new stake in Williams-Sonoma in the second quarter valued at approximately $321,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Williams-Sonoma during the second quarter valued at approximately $233,000. Rakuten Investment Management Inc. bought a new position in shares of Williams-Sonoma in the 2nd quarter worth $4,643,000. Finally, Empowered Funds LLC acquired a new stake in Williams-Sonoma in the 2nd quarter valued at $8,487,000. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In other Williams-Sonoma news, EVP Karalyn Yearout sold 1,112 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the transaction, the executive vice president directly owned 21,717 shares in the company, valued at $4,962,117.33. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 2,634 shares of company stock valued at $632,696 in the last 90 days. 1.10% of the stock is owned by insiders.

Williams-Sonoma Trading Down 0.1%

Shares of Williams-Sonoma stock opened at $227.12 on Tuesday. The business’s fifty day simple moving average is $232.29 and its 200 day simple moving average is $208.92. The firm has a market capitalization of $26.75 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 2.45 and a beta of 1.47. Williams-Sonoma, Inc. has a 12 month low of $165.51 and a 12 month high of $254.89.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings data on Wednesday, August 26th. The specialty retailer reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.02. Williams-Sonoma had a return on equity of 53.48% and a net margin of 14.73%.The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts predict that Williams-Sonoma, Inc. will post 9.48 EPS for the current fiscal year.

Williams-Sonoma Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, July 17th were given a $0.76 dividend. The ex-dividend date of this dividend was Friday, July 17th. This represents a $3.04 annualized dividend and a yield of 1.3%. Williams-Sonoma’s payout ratio is currently 31.12%.

Analyst Ratings Changes

WSM has been the subject of a number of recent research reports. UBS Group restated a “neutral” rating and set a $247.00 price target (up from $190.00) on shares of Williams-Sonoma in a research note on Thursday, August 27th. TD Cowen reaffirmed a “buy” rating on shares of Williams-Sonoma in a research note on Monday, August 10th. KeyCorp reiterated an “overweight” rating and set a $270.00 price objective (up from $250.00) on shares of Williams-Sonoma in a report on Thursday, August 27th. Telsey Advisory Group set a $260.00 target price on shares of Williams-Sonoma and gave the stock an “outperform” rating in a report on Thursday, August 27th. Finally, Guggenheim restated a “neutral” rating on shares of Williams-Sonoma in a report on Thursday, August 27th. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.56.

About Williams-Sonoma

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.