Burney Co. Has $641,000 Stock Holdings in Williams-Sonoma, Inc. $WSM

Burney Co. cut its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 12.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,925 shares of the specialty retailer’s stock after selling 554 shares during the quarter. Burney Co.’s holdings in Williams-Sonoma were worth $641,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WSM. Brighton Jones LLC increased its stake in shares of Williams-Sonoma by 22.4% in the fourth quarter. Brighton Jones LLC now owns 6,742 shares of the specialty retailer’s stock valued at $1,248,000 after buying an additional 1,236 shares in the last quarter. Bison Wealth LLC acquired a new stake in shares of Williams-Sonoma in the fourth quarter valued at $227,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Williams-Sonoma in the first quarter valued at $895,000. OneDigital Investment Advisors LLC increased its stake in shares of Williams-Sonoma by 27.3% in the first quarter. OneDigital Investment Advisors LLC now owns 2,621 shares of the specialty retailer’s stock valued at $414,000 after buying an additional 562 shares in the last quarter. Finally, World Investment Advisors increased its stake in shares of Williams-Sonoma by 53.5% in the first quarter. World Investment Advisors now owns 2,296 shares of the specialty retailer’s stock valued at $363,000 after buying an additional 800 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Telsey Advisory Group restated an “outperform” rating and issued a $215.00 target price on shares of Williams-Sonoma in a research note on Thursday, August 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Williams-Sonoma in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted 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. Argus set a $212.00 price objective on Williams-Sonoma in a research report on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. lifted 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. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Williams-Sonoma presently has an average rating of “Moderate Buy” and an average price target of $198.56.

Williams-Sonoma Trading Up 2.6%

Shares of WSM opened at $198.99 on Thursday. Williams-Sonoma, Inc. has a 1 year low of $125.33 and a 1 year high of $219.98. The stock has a market cap of $24.23 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56. The stock’s 50-day moving average price is $194.68 and its two-hundred day moving average price is $179.95.

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

Williams-Sonoma Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, October 17th. This represents a $2.64 annualized dividend and a yield of 1.3%. Williams-Sonoma’s payout ratio is presently 29.04%.

Insider Transactions 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 stock was sold at an average price of $203.60, for a total value of $3,563,000.00. Following the sale, the executive vice president owned 98,560 shares in the company, valued at approximately $20,066,816. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $200.17, for a total value of $18,015,300.00. Following the completion of the sale, the chief executive officer owned 876,927 shares in the company, valued at $175,534,477.59. The trade was a 9.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 114,153 shares of company stock worth $22,901,008. 1.10% of the stock is currently owned by insiders.

About Williams-Sonoma

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.