Soltis Investment Advisors LLC Has $2.37 Million Holdings in Williams-Sonoma, Inc. (NYSE:WSM)

Soltis Investment Advisors LLC boosted its holdings in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 32.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,302 shares of the specialty retailer's stock after acquiring an additional 3,707 shares during the quarter. Soltis Investment Advisors LLC's holdings in Williams-Sonoma were worth $2,371,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Smithfield Trust Co raised its holdings in Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 80 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Williams-Sonoma in the 2nd quarter worth approximately $26,000. Cassady Schiller Wealth Management LLC lifted its stake in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Brooklyn Investment Group bought a new stake in Williams-Sonoma during the third quarter worth approximately $28,000. Finally, Crewe Advisors LLC acquired a new position in Williams-Sonoma in the second quarter worth approximately $29,000. Institutional investors own 99.29% of the company's stock.

Wall Street Analyst Weigh In

WSM has been the subject of a number of recent research reports. Telsey Advisory Group increased their price objective on Williams-Sonoma from $165.00 to $190.00 and gave the company an "outperform" rating in a research report on Thursday, November 21st. Barclays upped their target price on Williams-Sonoma from $116.00 to $123.00 and gave the company an "underweight" rating in a report on Thursday, November 21st. Evercore ISI lifted their price target on Williams-Sonoma from $140.00 to $180.00 and gave the stock an "in-line" rating in a research note on Thursday, November 21st. Citigroup reduced their price objective on shares of Williams-Sonoma from $140.00 to $134.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Finally, Royal Bank of Canada lifted their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of "Hold" and an average price target of $154.41.

Williams-Sonoma Price Performance

WSM traded up $3.84 during trading on Wednesday, reaching $190.59. 1,901,748 shares of the stock traded hands, compared to its average volume of 1,969,112. The stock's 50-day simple moving average is $150.04 and its two-hundred day simple moving average is $146.69. Williams-Sonoma, Inc. has a fifty-two week low of $94.63 and a fifty-two week high of $192.83. The stock has a market cap of $23.46 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.87 and a beta of 1.81.

Williams-Sonoma Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 18th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, October 18th. This represents a $2.28 annualized dividend and a dividend yield of 1.20%. Williams-Sonoma's dividend payout ratio is 26.97%.

Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $145.27, for a total value of $5,810,800.00. Following the completion of the sale, the chief executive officer now owns 1,030,956 shares of the company's stock, valued at $149,766,978.12. The trade was a 3.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jeffrey Howie sold 3,160 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $177.39, for a total value of $560,552.40. Following the transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,160 shares of company stock valued at $11,590,952. 1.50% of the stock is owned by corporate insiders.

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.