Truist Financial Corp Has $80.25 Million Stock Position in Williams-Sonoma, Inc. $WSM

Truist Financial Corp boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 8.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 410,573 shares of the specialty retailer’s stock after acquiring an additional 31,681 shares during the quarter. Truist Financial Corp’s holdings in Williams-Sonoma were worth $80,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Williams-Sonoma during the second quarter worth approximately $212,107,000. Voya Investment Management LLC lifted its position in Williams-Sonoma by 184.3% in the 3rd quarter. Voya Investment Management LLC now owns 861,236 shares of the specialty retailer’s stock worth $167,927,000 after buying an additional 558,311 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Williams-Sonoma by 740.4% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 591,690 shares of the specialty retailer’s stock worth $96,664,000 after buying an additional 521,283 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Williams-Sonoma by 30.6% during the 2nd quarter. Invesco Ltd. now owns 1,741,639 shares of the specialty retailer’s stock valued at $284,532,000 after buying an additional 407,929 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Williams-Sonoma by 30.0% during the 2nd quarter. First Trust Advisors LP now owns 1,736,466 shares of the specialty retailer’s stock valued at $283,686,000 after acquiring an additional 401,138 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Karalyn Yearout sold 767 shares of the company’s stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $205.16, for a total transaction of $157,357.72. Following the completion of the sale, the executive vice president directly owned 13,236 shares of the company’s stock, valued at approximately $2,715,497.76. This represents a 5.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Laura Alber sold 35,000 shares of the firm’s stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $207.39, for a total transaction of $7,258,650.00. Following the completion of the transaction, the chief executive officer owned 806,537 shares in the company, valued at $167,267,708.43. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 65,767 shares of company stock valued at $12,802,440 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Williams-Sonoma Stock Performance

WSM opened at $205.70 on Thursday. The company has a market cap of $24.56 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 3.26 and a beta of 1.58. The stock has a 50-day moving average of $190.97 and a 200-day moving average of $192.01. Williams-Sonoma, Inc. has a 52-week low of $130.07 and a 52-week high of $219.98.

Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, November 19th. The specialty retailer reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.09. Williams-Sonoma had a return on equity of 53.10% and a net margin of 14.30%.The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the business earned $1.96 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, research analysts predict that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, January 16th will be given a $0.66 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.3%. Williams-Sonoma’s dividend payout ratio (DPR) is currently 29.04%.

Analyst Ratings Changes

Several analysts recently issued reports on WSM shares. Wells Fargo & Company increased their price objective on Williams-Sonoma from $190.00 to $205.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. UBS Group set a $175.00 target price on Williams-Sonoma and gave the stock a “neutral” rating in a research report on Thursday, November 20th. Royal Bank Of Canada set a $206.00 price target on Williams-Sonoma and gave the stock an “outperform” rating in a research note on Friday, November 21st. Telsey Advisory Group lowered their price target on Williams-Sonoma from $225.00 to $220.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, TD Cowen restated a “buy” rating and issued a $245.00 price objective (up previously from $210.00) on shares of Williams-Sonoma in a report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $200.76.

Williams-Sonoma Profile

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.