PNC Financial Services Group Inc. Buys 5,251 Shares of Williams-Sonoma, Inc. $WSM

PNC Financial Services Group Inc. increased its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,484 shares of the specialty retailer’s stock after purchasing an additional 5,251 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.09% of Williams-Sonoma worth $18,540,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of WSM. Maseco LLP bought a new stake in shares of Williams-Sonoma in the second quarter valued at $26,000. Quarry LP lifted its holdings in Williams-Sonoma by 99.0% during the first quarter. Quarry LP now owns 199 shares of the specialty retailer’s stock valued at $31,000 after purchasing an additional 99 shares during the last quarter. Costello Asset Management INC bought a new position in Williams-Sonoma during the first quarter worth about $32,000. Richardson Financial Services Inc. purchased a new position in shares of Williams-Sonoma in the second quarter worth about $48,000. Finally, Cromwell Holdings LLC increased its stake in shares of Williams-Sonoma by 7,675.0% in the second quarter. Cromwell Holdings LLC now owns 311 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 307 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Trading Down 2.4%

WSM stock opened at $182.09 on Friday. Williams-Sonoma, Inc. has a 1-year low of $129.36 and a 1-year high of $219.98. The stock has a market cap of $22.18 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 3.16 and a beta of 1.56. The company’s 50 day moving average is $194.34 and its 200 day moving average is $181.85.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings results on Wednesday, August 27th. The specialty retailer reported $2.00 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.82 billion. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Williams-Sonoma has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Williams-Sonoma, Inc. will post 8.36 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, October 17th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a $2.64 annualized dividend and a yield of 1.4%. Williams-Sonoma’s payout ratio is 29.04%.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, EVP Karalyn Yearout sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $198.79, for a total value of $695,765.00. Following the completion of the sale, the executive vice president owned 14,003 shares of the company’s stock, valued at $2,783,656.37. This represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jeffrey Howie sold 3,153 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $198.84, for a total transaction of $626,942.52. Following the transaction, the chief financial officer owned 34,138 shares in the company, valued at $6,787,999.92. The trade was a 8.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 114,153 shares of company stock valued at $22,901,008 over the last quarter. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 report on Thursday, August 28th. Telsey Advisory Group lifted their price target on Williams-Sonoma from $215.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday. UBS Group reissued a “neutral” rating on shares of Williams-Sonoma in a report on Friday. Gordon Haskett raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a report on Wednesday, July 23rd. Finally, Evercore ISI lowered their price target on shares of Williams-Sonoma from $210.00 to $200.00 and set an “in-line” rating on the stock in a report on Tuesday, October 14th. Two investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $199.94.

Williams-Sonoma 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.