Capital Research & Management Co recently announced the acquisition of new stake in Williams-Sonoma, Inc. (NYSE:WSM). The institutional investor has increased its shareholding in the Consumer Cyclical company by 9.31% to 3.64 million shares with purchase of 0.31 million shares. This fresh investment now brings its stake to 5.68% valued currently at $683.39 million. In addition, Charles Schwab Investment Managem raised its holdings by 18004.0 to 1.46 million shares. And Geode Capital Management LLC has lifted its position by 0.57% or 6514.0 shares – to 1.15 million shares.
With over 0.48 million Williams-Sonoma, Inc. (WSM) shares trading Friday and a closing price of $201.78 on the day, the dollar volume was approximately $96.84 million. The shares have shown a positive half year performance of 61.24% and its price on 12/29/23 lost nearly -0.75%. Currently, there are 66.22M common shares owned by the public and among those 60.07M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 25 analysts who have offered their price forecasts for WSM have a consensus price objective of $173.61. The analysts have set the share’s price value over the next 12 months at a high of $215.00 and a low of $140.00. The average price target is -16.23% below its recent price level and a downside to the estimated low will see the stock lose -44.13% over that period. But an upside of 6.15% will see the stock hit the forecast high price target while median target price for the stock is $172.50.
Insiders at the company have transacted a total of 73 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 37 of these insider trades were purchases, accounting for 441,512 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 346,189 shares.
The top 3 mutual fund holders in Williams-Sonoma, Inc. are American Funds AMCAP Fund, Fidelity Contrafund, and Vanguard Total Stock Market ETF. American Funds AMCAP Fund owns 2.2 million shares of the company’s stock, all valued at over $412.21 million. The company bought an additional 0.3 million shares recently to bring their total holdings to about 3.43% of the shares outstanding. Vanguard Total Stock Market ETF bought 2496.0 shares to bring its total holdings to over 2.01 million shares at a value of $377.07 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.14% of the shares outstanding.
Shares of Williams-Sonoma, Inc. (NYSE: WSM) opened at $202.66, down -$0.65 from a prior closing price of $203.31. However, the script later moved the day high at 204.45, down -0.75%. The company’s stock has a 5-day price change of -1.46% and 29.85% over the past three months. WSM shares are trading 75.58% year to date (YTD), with the 12-month market performance up to 75.57% higher. It has a 12-month low price of $109.44 and touched a high of $209.27 over the same period. WSM has an average intraday trading volume of 901.75K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.48%, 14.51%, and 42.49% respectively.
Institutional ownership of Williams-Sonoma, Inc. (NYSE: WSM) shares accounts for 97.64% of the company’s 66.22M shares outstanding. Mutual fund holders own 45.30%, while other institutional holders and individual stakeholders account for 52.75% and 25.06% respectively.
It has a market capitalization of $12.94B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 14.00, while the earnings-per-share (ttm) stands at $14.42. The company has a PEG of 1.40 and a Quick Ratio of 0.53 with the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.46% over the week and 2.38% over the month.
Analysts forecast that Williams-Sonoma, Inc. (WSM) will achieve an EPS of $5.15 for the current quarter, $2.54 for the next quarter and $14.7 for 2025. The lowest estimate earnings-per-share for the quarter is $4.92 while analysts give the company a high EPS estimate of $5.58. Comparatively, EPS for the current quarter was $5.5 a year ago. Earnings per share for the fiscal year are expected to decrease by -12.10%, and 0.59% over the next financial year. EPS should shrink at an annualized rate of 10.00% over the next five years, compared to 40.14% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 25 brokerage firm advisors rate Williams-Sonoma, Inc. (WSM) as a “Hold” at a consensus score of 3.00. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 15 of the 25 advise that investors “hold,” and 5 rated it as a “Sell.”
Looking at the support for the WSM, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on October 31, 2023, with the firm’s price target at $116-$144.
