Commonwealth Equity Services LLC Sells 4,350 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Commonwealth Equity Services LLC reduced its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 62,622 shares of the specialty retailer’s stock after selling 4,350 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Williams-Sonoma were worth $11,596,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in Williams-Sonoma by 186.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock valued at $1,167,000 after buying an additional 4,901 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in Williams-Sonoma by 97.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock valued at $955,000 after buying an additional 3,038 shares in the last quarter. Stifel Financial Corp increased its position in Williams-Sonoma by 94.8% during the 3rd quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer’s stock valued at $3,026,000 after buying an additional 9,509 shares in the last quarter. Intech Investment Management LLC increased its position in Williams-Sonoma by 27.2% during the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock valued at $5,966,000 after buying an additional 8,237 shares in the last quarter. Finally, Cerity Partners LLC increased its position in Williams-Sonoma by 67.4% during the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock valued at $4,641,000 after buying an additional 12,061 shares in the last quarter. 99.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays upped their target price on Williams-Sonoma from $123.00 to $131.00 and gave the company an “underweight” rating in a research report on Thursday, March 13th. Evercore ISI increased their price objective on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a report on Thursday, November 21st. Loop Capital increased their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Wells Fargo & Company increased their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Finally, Wedbush reissued a “neutral” rating and issued a $190.00 price objective (up from $175.00) on shares of Williams-Sonoma in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $176.28.

Williams-Sonoma Stock Down 1.8 %

Shares of WSM opened at $171.90 on Wednesday. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 20.33, a PEG ratio of 2.89 and a beta of 1.82. The stock’s 50-day moving average price is $198.96 and its 200-day moving average price is $171.92.

Insider Transactions at Williams-Sonoma

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

Williams-Sonoma Company 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.