Kingswood Wealth Advisors LLC Raises Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Kingswood Wealth Advisors LLC boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 114.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,599 shares of the specialty retailer's stock after acquiring an additional 2,991 shares during the quarter. Kingswood Wealth Advisors LLC's holdings in Williams-Sonoma were worth $889,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Redwood Investment Management LLC purchased a new position in shares of Williams-Sonoma during the 4th quarter valued at approximately $1,424,000. Abacus FCF Advisors LLC grew its position in Williams-Sonoma by 46.2% during the fourth quarter. Abacus FCF Advisors LLC now owns 23,950 shares of the specialty retailer's stock valued at $4,435,000 after buying an additional 7,564 shares during the period. PNC Financial Services Group Inc. increased its holdings in Williams-Sonoma by 5.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 109,359 shares of the specialty retailer's stock valued at $20,251,000 after buying an additional 5,337 shares in the last quarter. National Pension Service raised its position in shares of Williams-Sonoma by 1.0% in the fourth quarter. National Pension Service now owns 316,535 shares of the specialty retailer's stock worth $58,616,000 after acquiring an additional 3,200 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Williams-Sonoma by 132.0% during the 4th quarter. Jones Financial Companies Lllp now owns 3,905 shares of the specialty retailer's stock worth $723,000 after acquiring an additional 2,222 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. KeyCorp upgraded Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 price target for the company in a research note on Friday, April 25th. Jefferies Financial Group restated a "buy" rating on shares of Williams-Sonoma in a research report on Tuesday, May 13th. Baird R W upgraded Williams-Sonoma from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. JPMorgan Chase & Co. lifted their price target on shares of Williams-Sonoma from $153.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Finally, Robert W. Baird raised shares of Williams-Sonoma from a "neutral" rating to an "outperform" rating and set a $170.00 price target for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $176.75.

Williams-Sonoma Price Performance

Shares of Williams-Sonoma stock opened at $160.30 on Friday. The stock's 50 day simple moving average is $157.46 and its 200-day simple moving average is $177.24. The stock has a market cap of $19.72 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.59 and a beta of 1.47. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The specialty retailer reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.09. Williams-Sonoma had a return on equity of 52.79% and a net margin of 14.35%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the previous year, the company posted $3.48 earnings per share. The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Williams-Sonoma, Inc. will post 8.36 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 22nd. Investors of record on Friday, July 18th will be given a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Friday, July 18th. Williams-Sonoma's payout ratio is currently 29.90%.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 915 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $141.69, for a total transaction of $129,646.35. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at $6,572,715.72. This trade represents a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $165.78, for a total value of $4,973,400.00. Following the completion of the transaction, the chief executive officer now owns 1,018,374 shares in the company, valued at $168,826,041.72. This represents a 2.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,227 shares of company stock valued at $18,520,913 over the last ninety days. Company insiders own 1.10% of the company's stock.

Williams-Sonoma Profile

Williams-Sonoma, Inc operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand.

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