Following these sales, Alber retains direct ownership of 944,666 shares in the company. Additionally, she holds 33,106 shares indirectly through a managed account, as reported in the filing. The sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks they own, helping to avoid potential accusations of insider trading. For deeper insights into WSM's valuation metrics and 14+ additional ProTips, visit InvestingPro, where you'll find comprehensive research reports covering 1,400+ top US stocks. For deeper insights into WSM's valuation metrics and 14+ additional ProTips, visit InvestingPro, where you'll find comprehensive research reports covering 1,400+ top US stocks.
Following these sales, Alber retains direct ownership of 944,666 shares in the company. Additionally, she holds 33,106 shares indirectly through a managed account, as reported in the filing. The sales were conducted under a Rule 10b5-1 trading plan, which allows company insiders to set up a predetermined plan to sell stocks they own, helping to avoid potential accusations of insider trading.
In other recent news, home retailer Williams-Sonoma (NYSE:WSM) announced a quarterly cash dividend of $0.57 per share, continuing its 19-year streak of consecutive dividend increases. This follows the company's robust third-quarter performance, with net revenues reported at $1.8 billion and an operating margin increase to 17.8%. Several analyst firms, including Jefferies, TD (TSX:TD) Cowen, RBC (TSX:RY) Capital Markets, Evercore ISI, and Telsey Advisory Group, have raised their price targets for the company in light of these results.
Williams-Sonoma's recent financial health has been further highlighted by the successful repurchase of $533 million in stock. Jefferies and TD Cowen have both maintained their Buy ratings on the company's stock, with Jefferies raising its price target to $194.00 and TD Cowen to $195.
RBC Capital Markets has also expressed a positive outlook, maintaining an Outperform rating and raising its price target to $189. The firm expects the introduction of new products to stabilize revenue and management to maintain a mid-to-high teens operating margin. Evercore ISI has increased its price target to $180, maintaining an In Line rating, and Telsey Advisory Group reaffirmed an Outperform rating and adjusted its price target to $190. These recent developments provide insights into Williams-Sonoma's performance and future prospects for investors.
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