IFP Advisors Inc Raises Stake in Williams-Sonoma, Inc. (WSM)

IFP Advisors Inc lifted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 108.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,504 shares of the specialty retailer’s stock after acquiring an additional 781 shares during the quarter. IFP Advisors Inc’s holdings in Williams-Sonoma were worth $75,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of WSM. IMS Capital Management acquired a new stake in Williams-Sonoma in the third quarter valued at approximately $33,000. Csenge Advisory Group acquired a new stake in shares of Williams-Sonoma during the third quarter worth $124,000. JNBA Financial Advisors acquired a new stake in shares of Williams-Sonoma during the third quarter worth $168,000. Point72 Hong Kong Ltd lifted its stake in shares of Williams-Sonoma by 98.4% during the third quarter. Point72 Hong Kong Ltd now owns 2,670 shares of the specialty retailer’s stock worth $175,000 after buying an additional 1,324 shares during the period. Finally, Regis Management CO LLC acquired a new stake in shares of Williams-Sonoma during the third quarter worth $201,000.

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Several research firms have recently commented on WSM. Zacks Investment Research downgraded shares of Williams-Sonoma from a “hold” rating to a “sell” rating in a research note on Monday, October 29th. Buckingham Research decreased their target price on shares of Williams-Sonoma from $64.00 to $55.00 and set a “neutral” rating for the company in a research report on Friday, November 16th. Stifel Nicolaus restated a “hold” rating and set a $60.00 target price on shares of Williams-Sonoma in a research report on Monday, November 19th. Credit Suisse Group set a $55.00 target price on shares of Williams-Sonoma and gave the company a “sell” rating in a research report on Monday, November 5th. Finally, Morgan Stanley decreased their target price on shares of Williams-Sonoma from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Friday, November 23rd. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $58.40.

Shares of WSM opened at $55.64 on Wednesday. Williams-Sonoma, Inc. has a fifty-two week low of $45.01 and a fifty-two week high of $73.99. The company has a market cap of $4.24 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94. The company has a current ratio of 1.54, a quick ratio of 0.38 and a debt-to-equity ratio of 0.27.

Williams-Sonoma (NYSE:WSM) last announced its earnings results on Thursday, November 15th. The specialty retailer reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. Williams-Sonoma had a net margin of 4.97% and a return on equity of 29.75%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, research analysts forecast that Williams-Sonoma, Inc. will post 4.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, January 25th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.09%. The ex-dividend date is Thursday, January 24th. Williams-Sonoma’s payout ratio is currently 47.65%.

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Williams-Sonoma Company Profile

Williams-Sonoma, Inc operates as a multi-channel specialty retailer of various products for home. It operates through two segments, E-commerce and Retail. The company offers cooking, dining, and entertaining products, including cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma brand, as well as home furnishings and decorative accessories under the Williams Sonoma Home brand; and furniture, bedding, bathroom accessories, rugs, curtains, lighting, tabletop, outdoor, and decorative accessories under the Pottery Barn brand.

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