Williams-Sonoma (NYSE:WSM) EVP Karalyn Yearout Sells 1,112 Shares

by · The Markets Daily

Williams-Sonoma, Inc. (NYSE:WSM – Get Free Report) EVP Karalyn Yearout sold 1,112 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the sale, the executive vice president owned 21,717 shares in the company, valued at approximately $4,962,117.33. This represents a 4.87% decrease in their position. The sale 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.

Karalyn Yearout also recently made the following trade(s):

  • On Monday, June 8th, Karalyn Yearout sold 522 shares of Williams-Sonoma stock. The shares were sold at an average price of $203.07, for a total value of $106,002.54.
  • On Wednesday, April 8th, Karalyn Yearout sold 2,267 shares of Williams-Sonoma stock. The shares were sold at an average price of $192.49, for a total value of $436,374.83.

Williams-Sonoma Stock Performance

NYSE WSM traded up $4.32 during trading hours on Tuesday, reaching $227.61. The stock had a trading volume of 1,239,242 shares, compared to its average volume of 1,175,175. Williams-Sonoma, Inc. has a 52-week low of $154.11 and a 52-week high of $230.95. The stock has a fifty day moving average of $192.64 and a 200 day moving average of $194.15. The stock has a market cap of $26.80 billion, a P/E ratio of 25.49, a price-to-earnings-growth ratio of 2.38 and a beta of 1.51.

Williams-Sonoma (NYSE:WSM – Get Free Report) last issued its quarterly earnings data on Thursday, May 21st. The specialty retailer reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.13. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.80 billion. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.85 EPS. On average, equities research analysts forecast that Williams-Sonoma, Inc. will post 9.37 EPS for the current year.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, July 17th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is presently 29.56%.

Hedge Funds Weigh In On Williams-Sonoma

A number of institutional investors and hedge funds have recently made changes to their positions in WSM. Caitong International Asset Management Co. Ltd purchased a new stake in Williams-Sonoma during the fourth quarter worth approximately $25,000. Atlantic Union Bankshares Corp lifted its stake in Williams-Sonoma by 51.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 50 shares during the last quarter. MidFirst Bank purchased a new stake in shares of Williams-Sonoma during the fourth quarter worth approximately $30,000. Millstone Evans Group LLC raised its stake in shares of Williams-Sonoma by 229.4% during the first quarter. Millstone Evans Group LLC now owns 168 shares of the specialty retailer’s stock worth $31,000 after purchasing an additional 117 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Williams-Sonoma during the fourth quarter worth approximately $31,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WSM has been the topic of a number of recent analyst reports. Morgan Stanley set a $210.00 target price on Williams-Sonoma and gave the company an “equal weight” rating in a research report on Friday, May 22nd. Evercore set a $200.00 target price on Williams-Sonoma in a research note on Tuesday, April 14th. TD Cowen cut their target price on Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, March 19th. Royal Bank Of Canada set a $192.00 target price on Williams-Sonoma and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Finally, Weiss Ratings downgraded Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Williams-Sonoma presently has an average rating of “Moderate Buy” and a consensus target price of $211.47.

Check Out Our Latest Report on WSM

Williams-Sonoma Company Profile

(Get Free Report)

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.

Featured Stories