Florida Financial Advisors LLC Has $563,000 Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Florida Financial Advisors LLC lessened its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,042 shares of the specialty retailer’s stock after selling 167 shares during the quarter. Florida Financial Advisors LLC’s holdings in Williams-Sonoma were worth $563,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WSM. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Williams-Sonoma by 43.1% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,075 shares of the specialty retailer’s stock valued at $1,310,000 after purchasing an additional 2,130 shares in the last quarter. PKS Advisory Services LLC bought a new position in Williams-Sonoma in the fourth quarter valued at approximately $842,000. Syverson Strege & Co boosted its holdings in shares of Williams-Sonoma by 3.7% in the fourth quarter. Syverson Strege & Co now owns 2,448 shares of the specialty retailer’s stock valued at $453,000 after buying an additional 87 shares during the period. Modern Wealth Management LLC increased its position in shares of Williams-Sonoma by 2.4% during the fourth quarter. Modern Wealth Management LLC now owns 5,257 shares of the specialty retailer’s stock worth $973,000 after acquiring an additional 121 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in shares of Williams-Sonoma during the fourth quarter worth $214,000. 99.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total value of $273,602.56. Following the sale, the chief financial officer now owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the transaction, the chief executive officer now owns 944,666 shares in the company, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of WSM opened at $170.32 on Tuesday. The firm has a market capitalization of $20.97 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The stock has a 50 day moving average price of $196.63 and a two-hundred day moving average price of $172.90.

Williams-Sonoma (NYSE:WSM) last announced its quarterly earnings results on Wednesday, March 19th. The specialty retailer reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.40. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.34 billion. Williams-Sonoma had a return on equity of 51.56% and a net margin of 14.54%. Williams-Sonoma’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.44 earnings per share. On average, equities analysts forecast that Williams-Sonoma, Inc. will post 8.36 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, May 24th. Shareholders of record on Thursday, April 17th will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 1.55%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, April 17th. Williams-Sonoma’s dividend payout ratio is presently 29.30%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WSM shares. JPMorgan Chase & Co. increased their target price on Williams-Sonoma from $153.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, March 20th. Telsey Advisory Group restated an “outperform” rating and set a $230.00 target price on shares of Williams-Sonoma in a report on Monday, March 17th. Barclays increased their price objective on Williams-Sonoma from $123.00 to $131.00 and gave the company an “underweight” rating in a report on Thursday, March 13th. The Goldman Sachs Group boosted their price target on Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Finally, Wedbush decreased their price objective on shares of Williams-Sonoma from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $177.93.

About Williams-Sonoma

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.