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

Commonwealth Equity Services LLC cut its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,622 shares of the specialty retailer’s stock after selling 4,350 shares during the period. Commonwealth Equity Services LLC owned approximately 0.05% of Williams-Sonoma worth $11,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WSM. Atria Investments Inc boosted its stake in Williams-Sonoma by 239.1% during the third quarter. Atria Investments Inc now owns 2,560 shares of the specialty retailer’s stock valued at $397,000 after buying an additional 1,805 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Williams-Sonoma by 186.0% during the third 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 during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Williams-Sonoma by 97.1% during the third 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 during the last quarter. CIBC Asset Management Inc boosted its stake in Williams-Sonoma by 106.7% during the third quarter. CIBC Asset Management Inc now owns 3,694 shares of the specialty retailer’s stock valued at $572,000 after buying an additional 1,907 shares during the last quarter. Finally, Royce & Associates LP raised its position in Williams-Sonoma by 75.7% during the third quarter. Royce & Associates LP now owns 27,982 shares of the specialty retailer’s stock valued at $4,335,000 after purchasing an additional 12,060 shares during the period. 99.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WSM shares. Wells Fargo & Company upped their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group upped their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Telsey Advisory Group restated an “outperform” rating and set a $230.00 price objective on shares of Williams-Sonoma in a research report on Monday. Finally, Royal Bank of Canada upped their price objective on Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $176.28.

Williams-Sonoma Trading Down 1.8 %

Shares of WSM stock opened at $171.90 on Wednesday. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98. The stock has a market capitalization of $21.16 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.89 and a beta of 1.82. The stock has a fifty day simple moving average of $198.96 and a two-hundred day simple moving average of $171.92.

Insiders Place Their Bets

In other news, CEO Laura Alber sold 45,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the completion of the transaction, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jeffrey Howie sold 1,408 shares of the business’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

About Williams-Sonoma

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.