The Vanguard Group, Inc. 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 9.28% to 7.84 million shares with purchase of 0.67 million shares. This fresh investment now brings its stake to 11.84% valued currently at $949.11 million. In addition, Aristotle Capital Management LLC raised its holdings by 5867.0 to 4.64 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.51% or 11099.0 shares – to 2.21 million shares.
With over 3.62 million Williams-Sonoma Inc. (WSM) shares trading Tuesday and a closing price of $111.85 on the day, the dollar volume was approximately $405.42 million. The shares have shown a negative half year performance of -8.60% and its price on 05/23/23 lost nearly -0.28%. Currently, there are 66.35M common shares owned by the public and among those 64.84M 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: 26 analysts who have offered their price forecasts for WSM have a consensus price objective of $124.92. The analysts have set the share’s price value over the next 12 months at a high of $185.00 and a low of $95.00. The average price target is 10.54% above its recent price level and a downside to the estimated low will see the stock lose -17.74% over that period. But an upside of 39.54% will see the stock hit the forecast high price target while median target price for the stock is $120.00.
Insiders at the company have transacted a total of 86 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 42 of these insider trades were purchases, accounting for 440,437 shares. Insider sales of the common stock occurred on 44 occasions, with total insider shares sold totaling 317,443 shares.
The top 3 mutual fund holders in Williams-Sonoma Inc. are iShares Core S&P Mid Cap ETF, Vanguard Total Stock Market ETF, and Fidelity Contrafund. iShares Core S&P Mid Cap ETF owns 2.08 million shares of the company’s stock, all valued at over $251.43 million. The company bought an additional 7421.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard Total Stock Market ETF bought 17169.0 shares to see its total holdings expand to 2.06 million shares valued at over $249.64 million and representing 3.11% of the shares outstanding. Fidelity Contrafund sold 9442.0 shares to bring its total holdings to over 1.92 million shares at a value of $231.85 million. Fidelity Contrafund now owns shares totaling to 2.89% of the shares outstanding.
Shares of Williams-Sonoma Inc. (NYSE: WSM) opened at $116.60, up $4.44 from a prior closing price of $112.16. However, the script later moved the day high at 119.67, down -0.28%. The company’s stock has a 5-day price change of 0.17% and -13.06% over the past three months. WSM shares are trading -2.67% year to date (YTD), with the 12-month market performance up to 3.42% higher. It has a 12-month low price of $101.58 and touched a high of $176.89 over the same period. WSM has an average intraday trading volume of 1.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.70%, -5.25%, and -11.56% respectively.
Institutional ownership of Williams-Sonoma Inc. (NYSE: WSM) shares accounts for 104.34% of the company’s 66.35M shares outstanding. Mutual fund holders own 50.43%, while other institutional holders and individual stakeholders account for 53.12% and 24.42% respectively.
It has a market capitalization of $7.56B and a beta (3y monthly) value of 1.59. The stock’s trailing 12-month PE ratio is 6.83, while the earnings-per-share (ttm) stands at $16.38. The company has a PEG of 0.77 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.63% over the week and 3.11% over the month.
Analysts forecast that Williams-Sonoma Inc. (WSM) will achieve an EPS of $2.37 for the current quarter, $2.78 for the next quarter and $14.25 for 2025. The lowest estimate earnings-per-share for the quarter is $1.84 while analysts give the company a high EPS estimate of $2.84. Comparatively, EPS for the current quarter was $3.5 a year ago. Earnings per share for the fiscal year are expected to increase by 10.70%, and 4.82% over the next financial year. EPS should shrink at an annualized rate of 8.90% over the next five years, compared to 36.10% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 26 brokerage firm advisors rate Williams-Sonoma Inc. (WSM) as a “Hold” at a consensus score of 3.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 14 of the 26 advise that investors “hold,” and 5 rated it as a “Sell.”
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