TFO Wealth Partners LLC Buys 2,196 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

TFO Wealth Partners LLC lifted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 43,920.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,201 shares of the specialty retailer’s stock after acquiring an additional 2,196 shares during the period. TFO Wealth Partners LLC’s holdings in Williams-Sonoma were worth $444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in WSM. MCF Advisors LLC bought a new position in shares of Williams-Sonoma in the 4th quarter worth $25,000. Loomis Sayles & Co. L P raised its stake in shares of Williams-Sonoma by 129.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 188 shares of the specialty retailer’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Lindbrook Capital LLC increased its position in shares of Williams-Sonoma by 30.5% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the specialty retailer’s stock valued at $47,000 after acquiring an additional 54 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Williams-Sonoma in the fourth quarter valued at about $53,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of Williams-Sonoma in the fourth quarter valued at about $54,000. 99.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Marta Benson sold 2,184 shares of Williams-Sonoma stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total value of $685,732.32. Following the completion of the sale, the chief executive officer now directly owns 48,364 shares in the company, valued at $15,185,328.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Williams-Sonoma news, CEO Laura Alber sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $283.74, for a total transaction of $5,674,800.00. Following the completion of the transaction, the chief executive officer now directly owns 505,509 shares in the company, valued at $143,433,123.66. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Marta Benson sold 2,184 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $313.98, for a total transaction of $685,732.32. Following the transaction, the chief executive officer now owns 48,364 shares of the company’s stock, valued at $15,185,328.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,145 shares of company stock worth $21,431,319. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the topic of a number of recent research reports. Evercore ISI lifted their target price on Williams-Sonoma from $310.00 to $315.00 and gave the company an “in-line” rating in a research report on Tuesday, May 14th. Robert W. Baird lifted their target price on Williams-Sonoma from $200.00 to $300.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Loop Capital lifted their target price on Williams-Sonoma from $220.00 to $290.00 and gave the company a “hold” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. raised Williams-Sonoma from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $245.00 to $275.00 in a research report on Friday, May 3rd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Williams-Sonoma in a report on Thursday, May 23rd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $259.94.

Williams-Sonoma Stock Up 2.0 %

Shares of NYSE:WSM opened at $288.33 on Friday. Williams-Sonoma, Inc. has a 12-month low of $111.14 and a 12-month high of $348.51. The stock has a market cap of $18.54 billion, a PE ratio of 17.70, a P/E/G ratio of 2.21 and a beta of 1.72. The business has a 50 day moving average of $299.13 and a 200-day moving average of $242.02.

Williams-Sonoma (NYSE:WSM) last released its quarterly earnings results on Wednesday, March 13th. The specialty retailer reported $5.44 earnings per share for the quarter, beating analysts’ consensus estimates of $5.06 by $0.38. Williams-Sonoma had a net margin of 13.83% and a return on equity of 54.50%. The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the previous year, the business earned $5.50 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. Equities research analysts expect that Williams-Sonoma, Inc. will post 15.75 earnings per share for the current year.

Williams-Sonoma Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, April 19th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Williams-Sonoma’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Thursday, April 18th. Williams-Sonoma’s payout ratio is presently 27.75%.

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.