Kistler Tiffany Companies LLC Invests $47,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Posted by on Apr 13th, 2023

Kistler Tiffany Companies LLC bought a new position in Williams-Sonoma, Inc. (NYSE:WSM – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 410 shares of the specialty retailer’s stock, valued at approximately $47,000.

Several other hedge funds also recently added to or reduced their stakes in WSM. First Trust Advisors LP grew its holdings in Williams-Sonoma by 24.1% during the 1st quarter. First Trust Advisors LP now owns 1,408,911 shares of the specialty retailer’s stock valued at $204,292,000 after purchasing an additional 273,424 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Williams-Sonoma during the 3rd quarter valued at about $20,119,000. Goldman Sachs Group Inc. grew its holdings in Williams-Sonoma by 36.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 640,563 shares of the specialty retailer’s stock valued at $71,071,000 after purchasing an additional 170,511 shares during the last quarter. UBS Group AG grew its holdings in Williams-Sonoma by 289.0% during the 1st quarter. UBS Group AG now owns 214,533 shares of the specialty retailer’s stock valued at $31,107,000 after purchasing an additional 159,388 shares during the last quarter. Finally, Barclays PLC grew its holdings in Williams-Sonoma by 180.4% during the 3rd quarter. Barclays PLC now owns 226,728 shares of the specialty retailer’s stock valued at $26,720,000 after purchasing an additional 145,882 shares during the last quarter. 99.49% of the stock is currently owned by institutional investors.

Williams-Sonoma Stock Down 1.3 %

NYSE:WSM opened at $117.98 on Thursday. Williams-Sonoma, Inc. has a 52 week low of $101.58 and a 52 week high of $176.89. The firm has a 50 day moving average of $123.88 and a 200 day moving average of $122.27. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 7.21, a PEG ratio of 0.88 and a beta of 1.62.

Williams-Sonoma (NYSE:WSM – Get Rating) last posted its earnings results on Thursday, March 16th. The specialty retailer reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $0.09. Williams-Sonoma had a net margin of 13.00% and a return on equity of 80.17%. The company had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the company posted $5.42 earnings per share. Williams-Sonoma’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, analysts expect that Williams-Sonoma, Inc. will post 13.52 EPS for the current year.

Williams-Sonoma Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, April 21st will be given a dividend of $0.90 per share. This is a boost from Williams-Sonoma’s previous quarterly dividend of $0.78. The ex-dividend date is Thursday, April 20th. This represents a $3.60 dividend on an annualized basis and a yield of 3.05%. Williams-Sonoma’s dividend payout ratio is presently 19.06%.

Analyst Ratings Changes

Several equities analysts recently commented on WSM shares. Bank of America cut their price target on shares of Williams-Sonoma from $114.00 to $108.00 in a report on Friday, March 17th. Robert W. Baird dropped their target price on shares of Williams-Sonoma from $140.00 to $130.00 in a research note on Friday, March 17th. Wedbush upped their target price on shares of Williams-Sonoma from $110.00 to $115.00 and gave the stock a “neutral” rating in a research note on Thursday, March 9th. Telsey Advisory Group dropped their target price on shares of Williams-Sonoma from $155.00 to $142.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 14th. Finally, StockNews.com downgraded shares of Williams-Sonoma from a “buy” rating to a “hold” rating in a research note on Friday, March 24th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $127.47.

Williams-Sonoma Company Profile

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Williams-Sonoma, Inc engages in the retailing of home products. It operates through the following segments: Pottery Barn, West Elm, Williams Sonoma, Pottery Barn Kids and Teen and Other. The Other segment includes net revenues from international franchise operations, Rejuvenation and Mark and Graham.

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

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