Twin Capital Management Inc. Buys 2,047 Shares of Williams-Sonoma, Inc. $WSM

Twin Capital Management Inc. increased its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 9.7% during the second quarter, Holdings Channel reports. The firm owned 23,198 shares of the specialty retailer’s stock after acquiring an additional 2,047 shares during the period. Twin Capital Management Inc.’s holdings in Williams-Sonoma were worth $3,790,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its holdings 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 worth $1,248,000 after acquiring an additional 1,236 shares during the last quarter. Bison Wealth LLC bought a new position in Williams-Sonoma in the 4th quarter valued at approximately $227,000. Allspring Global Investments Holdings LLC bought a new position in Williams-Sonoma in the 1st quarter valued at approximately $895,000. OneDigital Investment Advisors LLC boosted its position in 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 grew its stake in shares of Williams-Sonoma by 53.5% during the first quarter. World Investment Advisors now owns 2,296 shares of the specialty retailer’s stock worth $363,000 after buying an additional 800 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In other Williams-Sonoma news, CFO Jeffrey Howie sold 3,153 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $198.84, for a total value of $626,942.52. Following the completion of the transaction, the chief financial officer owned 34,138 shares in the company, valued at $6,787,999.92. This represents a 8.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Randolph King sold 17,500 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $203.60, for a total transaction of $3,563,000.00. Following the sale, the executive vice president owned 98,560 shares of the company’s stock, valued at $20,066,816. This trade represents a 15.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 114,153 shares of company stock valued at $22,901,008. Insiders own 1.10% of the company’s stock.

Williams-Sonoma Trading Up 2.6%

WSM opened at $198.99 on Thursday. The company has a fifty day moving average price of $194.68 and a two-hundred day moving average price of $179.95. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The company 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.

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, topping the consensus estimate of $1.79 by $0.21. Williams-Sonoma had a net margin of 14.54% and a return on equity of 54.47%. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the company posted $1.74 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Williams-Sonoma has set its FY 2025 guidance at EPS. On average, research analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently commented on WSM. Gordon Haskett raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 price target on the stock in a research note on Wednesday, July 23rd. Morgan Stanley lifted their target price on shares of Williams-Sonoma from $185.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. boosted their target price on shares of Williams-Sonoma from $168.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 price target on shares of Williams-Sonoma in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group lifted their price target on shares of Williams-Sonoma from $179.00 to $203.00 and gave the stock a “neutral” rating in a report on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $198.56.

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.