Soltis Investment Advisors LLC Purchases 7,382 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Financial Advisors


Soltis Investment Advisors LLC increased its stake in Williams-Sonoma (NYSE:WSM – Get Rating) by 90.0% in the fourth quarter, according to the latest SEC filing. After acquiring an additional 7,382 shares over the period, the fund owned 15,584 shares in specialty retailers. Soltis Investment Advisors LLC’s Williams-Sonoma shares were valued at $1,791,000 at the time of the latest SEC filing.

Many other hedge funds have also recently changed their stock positions. Whittier Trust Co. increased its position in Williams-Sonoma shares by 210.0% during the fourth quarter. Whittier Trust Co. purchased another 210 shares during the period and now owns 310 shares of the specialty retailer worth $36,000. IFP Advisors Inc increased its position in Williams-Sonoma shares by 44.7% during the third quarter. IFP Advisors Inc purchased an additional 251 shares during the period and now owns 812 shares of the specialty retailer worth $47,000. Kistler Tiffany Companies LLC purchased new shares of Williams-Sonoma worth approximately $47,000 during the fourth quarter. Tobam ​​bought new Williams-Sonoma shares worth about $54,000 in the third quarter. Finally, Ronald Blue Trust increased its stake in Williams-Sonoma by 161.0% in the fourth quarter. Ronald Blue Trust Inc. acquired an additional 330 shares last quarter and now owns 535 shares of the specialty retailer, valued at $63,000. 99.49% of the shares are held by institutional investors.

Williams Sonoma price performance

WSM shares opened at $113.65 on Friday. The company has a market capitalization of $7.46 billion, trades at 6.92x P/E, 0.86x P/E, and 1.61x beta. Williams-Sonoma hit a 12-month low of $101.58 and a 12-month high of $176.89. The company’s 50-day moving average is $119.09 and its 200-day moving average is $121.78.

Williams-Sonoma (NYSE:WSM – Get Rating) last reported earnings on Thursday, March 16th. The specialty retailer reported that his EPS for the quarter was $5.50, beating analyst consensus expectations of $5.41 by $0.09. The business had sales of $2.45 billion in the quarter, compared with consensus expectations of $2.6 billion. Williams-Sonoma had a net profit margin of 13.00% and a return on equity of 80.17%. The company’s revenue for the quarter fell 1.9% year-on-year. The company’s EPS in the same period last year was $5.42. Sell-side analysts expect Williams-Sonoma’s EPS to hit $13.48 this fiscal year.

Williams-Sonoma increases dividend

The company also recently announced a quarterly dividend payable on Friday, May 26. Shareholders of record on Friday, April 21 will be rewarded with a dividend of $0.90 per share. This is up from Williams-Sonoma’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, April 20. This equates to his $3.60 dividend and his 3.17% yield on an annualized basis. Williams-Sonoma’s dividend payout ratio (DPR) is 21.99%.

Wall Street analyst speaks out

Several equity research analysts recently commented on WSM shares. Robert W. Baird lowered his price target on Williams-Sonoma shares to $130.00 from $140.00 in a research note on Friday, March 17. Guggenheim reissued a “neutral” rating for Williams-Sonoma shares in a research note on Tuesday, March 21. StockNews.com downgraded Williams-Sonoma shares from a ‘buy’ rating to a ‘hold’ rating on Friday, March 24 in a research note. Bank of America lowered its price target on Williams-Sonoma shares to $108.00 from $114.00 in a research note on Friday, March 17. Finally, Royal Canadian Bank lowered its price target on Williams-Sonoma shares to $143.00 from $151.00, setting the stock’s rating to “Outperform” in its research note on Friday, March 17. Four research analysts have put a sell rating on the company’s stock, eight have a hold rating, and four have a buy rating. The stock has an average “Hold” rating and a consensus price target of $127.47, according to MarketBeat.com data.

Profile of Williams-Sonoma

(get rating)

Williams-Sonoma, Inc is a retailer of household goods. It operates through the Pottery Barn, West Elm, Williams-Sonoma, Pottery Barn Kids, Teen and Other segments. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.

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