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IFP Advisors Inc Trims Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Williams-Sonoma logo with Retail/Wholesale background

Key Points

  • IFP Advisors Inc reduced its stake in Williams-Sonoma by 50% in Q1, owning 1,471 shares worth approximately $233,000.
  • Williams-Sonoma's quarterly earnings exceeded expectations, reporting an EPS of $1.85 against an estimated $1.76, with revenue of $1.73 billion, a 4.2% year-over-year increase.
  • The company announced a quarterly dividend of $0.66 per share, set to be paid on August 22nd, with a dividend yield of 1.45%.
  • MarketBeat previews the top five stocks to own by September 1st.

IFP Advisors Inc lessened its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 50.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,471 shares of the specialty retailer's stock after selling 1,471 shares during the period. IFP Advisors Inc's holdings in Williams-Sonoma were worth $233,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mariner LLC boosted its holdings in shares of Williams-Sonoma by 0.4% during the fourth quarter. Mariner LLC now owns 11,225 shares of the specialty retailer's stock worth $2,079,000 after purchasing an additional 49 shares during the period. Graypoint LLC raised its holdings in Williams-Sonoma by 1.5% during the 1st quarter. Graypoint LLC now owns 4,791 shares of the specialty retailer's stock worth $757,000 after purchasing an additional 69 shares during the last quarter. First Bank & Trust increased its stake in shares of Williams-Sonoma by 5.1% in the 1st quarter. First Bank & Trust now owns 1,463 shares of the specialty retailer's stock valued at $231,000 after acquiring an additional 71 shares during the last quarter. Synovus Financial Corp raised its holdings in Williams-Sonoma by 1.1% during the 4th quarter. Synovus Financial Corp now owns 6,969 shares of the specialty retailer's stock worth $1,291,000 after buying an additional 76 shares during the period. Finally, Siemens Fonds Invest GmbH grew its stake in shares of Williams-Sonoma by 6.4% in the fourth quarter. Siemens Fonds Invest GmbH now owns 1,396 shares of the specialty retailer's stock valued at $260,000 after buying an additional 84 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Laura Alber sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $164.33, for a total transaction of $4,929,900.00. Following the sale, the chief executive officer owned 996,927 shares in the company, valued at $163,825,013.91. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey Howie sold 4,000 shares of Williams-Sonoma stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $168.96, for a total value of $675,840.00. Following the completion of the sale, the chief financial officer owned 34,388 shares of the company's stock, valued at approximately $5,810,196.48. The trade was a 10.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,000 shares of company stock valued at $11,279,580 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on WSM shares. KeyCorp raised Williams-Sonoma from a "sector weight" rating to an "overweight" rating and set a $181.00 target price on the stock in a report on Friday, April 25th. Royal Bank Of Canada set a $182.00 target price on shares of Williams-Sonoma and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Williams-Sonoma in a research report on Tuesday, May 13th. Barclays set a $166.00 price objective on shares of Williams-Sonoma and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, The Goldman Sachs Group lowered their price target on shares of Williams-Sonoma from $201.00 to $174.00 and set a "neutral" rating on the stock in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $178.41.

Get Our Latest Stock Analysis on Williams-Sonoma

Williams-Sonoma Price Performance

NYSE WSM traded down $1.63 during mid-day trading on Thursday, hitting $188.90. The company's stock had a trading volume of 173,974 shares, compared to its average volume of 1,964,651. The stock's fifty day simple moving average is $166.46 and its two-hundred day simple moving average is $173.71. The firm has a market capitalization of $23.23 billion, a P/E ratio of 21.39, a price-to-earnings-growth ratio of 3.02 and a beta of 1.45. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98.

Williams-Sonoma (NYSE:WSM - Get Free Report) last issued its earnings results 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. The company had revenue of $1.73 billion for the quarter, compared to analysts' expectations of $1.67 billion. Williams-Sonoma had a net margin of 14.35% and a return on equity of 52.79%. The firm's revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.48 earnings per share. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current fiscal year.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, July 18th will be issued a $0.66 dividend. The ex-dividend date is Friday, July 18th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 1.40%. Williams-Sonoma's dividend payout ratio is 29.90%.

Williams-Sonoma Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Williams-Sonoma (NYSE:WSM)

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