L2 Asset Management LLC Sells 7,944 Shares of Williams-Sonoma, Inc. $WSM

L2 Asset Management LLC cut its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 73.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,819 shares of the specialty retailer’s stock after selling 7,944 shares during the period. L2 Asset Management LLC’s holdings in Williams-Sonoma were worth $503,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Atlantic Union Bankshares Corp raised its position in shares of Williams-Sonoma by 51.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 147 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Diversify Advisory Services LLC increased its position in 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 in the last quarter. 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. 99.29% of the stock is owned by institutional investors.

Williams-Sonoma Stock Performance

Shares of WSM opened at $227.61 on Wednesday. The stock has a 50 day moving average price of $193.58 and a two-hundred day moving average price of $194.48. The firm has a market capitalization of $26.80 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.42 and a beta of 1.51. Williams-Sonoma, Inc. has a 52 week low of $154.11 and a 52 week high of $230.95.

Williams-Sonoma (NYSE:WSM) 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.80 billion. Williams-Sonoma had a return on equity of 53.29% and a net margin of 13.81%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 9.49 earnings per share for the current year.

Williams-Sonoma Announces Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Argus set a $230.00 target price on Williams-Sonoma in a research report on Friday, May 29th. Weiss Ratings lowered Williams-Sonoma from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 2nd. TD Cowen decreased their target price on Williams-Sonoma from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, March 19th. Royal Bank Of Canada set a $192.00 target price on Williams-Sonoma and gave the company an “outperform” rating in a research report on Friday, May 22nd. Finally, Robert W. Baird decreased their target price on Williams-Sonoma from $235.00 to $225.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $211.47.

Insiders Place Their Bets

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,419 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $188.45, for a total transaction of $267,410.55. Following the completion of the sale, the chief financial officer directly owned 34,138 shares of the company’s stock, valued at approximately $6,433,306.10. The trade was a 3.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Laura Alber sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $200.00, for a total value of $3,000,000.00. Following the sale, the chief executive officer directly owned 923,524 shares of the company’s stock, valued at $184,704,800. This represents a 1.60% 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 ninety days, insiders sold 88,004 shares of company stock valued at $16,420,107. Corporate insiders own 1.10% of the company’s stock.

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.