Burney Co. Has $285,000 Stock Holdings in Williams-Sonoma, Inc. $WSM

Burney Co. reduced its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 63.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,564 shares of the specialty retailer’s stock after selling 2,681 shares during the period. Burney Co.’s holdings in Williams-Sonoma were worth $285,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp boosted its position in shares of Williams-Sonoma by 51.5% during the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 50 shares in the last quarter. Diversify Advisory Services LLC grew its stake in shares of Williams-Sonoma by 1.8% in the 4th quarter. Diversify Advisory Services LLC now owns 2,878 shares of the specialty retailer’s stock valued at $514,000 after buying an additional 51 shares during the period. Fulton Bank N.A. increased its position in Williams-Sonoma by 0.5% in the 4th quarter. Fulton Bank N.A. now owns 10,438 shares of the specialty retailer’s stock valued at $1,864,000 after buying an additional 55 shares in the last quarter. Mutual Advisors LLC increased its position in Williams-Sonoma by 4.2% in the 4th quarter. Mutual Advisors LLC now owns 1,381 shares of the specialty retailer’s stock valued at $247,000 after buying an additional 56 shares in the last quarter. Finally, Arjuna Capital increased its position in Williams-Sonoma by 1.6% in the 4th quarter. Arjuna Capital now owns 3,564 shares of the specialty retailer’s stock valued at $636,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Price Performance

NYSE WSM opened at $221.80 on Friday. Williams-Sonoma, Inc. has a 1 year low of $161.76 and a 1 year high of $244.65. The firm has a market cap of $26.12 billion, a price-to-earnings ratio of 24.84, a PEG ratio of 2.41 and a beta of 1.49. The company has a fifty day moving average price of $206.78 and a 200-day moving average price of $200.04.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Thursday, May 21st. The specialty retailer reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. Williams-Sonoma had a net margin of 13.81% and a return on equity of 53.29%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $1.85 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, research analysts anticipate that Williams-Sonoma, Inc. will post 9.39 EPS for the current fiscal year.

Williams-Sonoma Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, July 17th will be paid a $0.76 dividend. The ex-dividend date is Friday, July 17th. This represents a $3.04 annualized dividend and a yield of 1.4%. Williams-Sonoma’s dividend payout ratio (DPR) is 34.04%.

Insider Activity at Williams-Sonoma

In other news, EVP Karalyn Yearout sold 1,112 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $228.49, for a total value of $254,080.88. Following the completion of the transaction, the executive vice president directly owned 21,717 shares of the company’s stock, valued at $4,962,117.33. This represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $172.61, for a total value of $3,452,200.00. Following the completion of the transaction, the chief executive officer directly owned 938,524 shares of the company’s stock, valued at approximately $161,998,627.64. This represents a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 51,634 shares of company stock worth $9,812,283. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $225.00 price target (up from $220.00) on shares of Williams-Sonoma in a report on Friday, May 22nd. KeyCorp boosted their price objective on Williams-Sonoma from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday. Bank of America initiated coverage on Williams-Sonoma in a research report on Friday, June 12th. They set a “buy” rating and a $250.00 target price on the stock. Wells Fargo & Company set a $190.00 target price on Williams-Sonoma and gave the stock an “equal weight” rating in a research report on Friday, May 22nd. Finally, Weiss Ratings cut Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $212.65.

About Williams-Sonoma

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.