Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 50.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,581 shares of the specialty retailer’s stock after selling 9,581 shares during the quarter. Tredje AP fonden’s holdings in Williams-Sonoma were worth $1,774,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Smithfield Trust Co grew its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC grew its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Brooklyn Investment Group acquired a new position in Williams-Sonoma during the 3rd quarter worth $28,000. Hobbs Group Advisors LLC grew its holdings in Williams-Sonoma by 100.0% during the 3rd quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in Williams-Sonoma during the 4th quarter worth $37,000. 99.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on WSM shares. Wells Fargo & Company raised their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. The Goldman Sachs Group raised their price target on shares of Williams-Sonoma from $170.00 to $224.00 and gave the stock a “neutral” rating in a research report on Thursday, January 30th. Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a research report on Thursday, February 13th. TD Cowen raised their price target on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Evercore ISI raised their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of “Hold” and an average target price of $173.78.

Williams-Sonoma Trading Up 1.3 %

WSM stock opened at $167.22 on Friday. 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 $20.58 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. The firm’s 50-day moving average is $199.93 and its two-hundred day moving average is $170.85.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction that occurred on Thursday, February 27th. The shares were 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 of the company’s stock, valued at $9,014,116.16. The trade was a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Laura Alber sold 45,000 shares of Williams-Sonoma 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 completion of the transaction, the chief executive officer now directly owns 944,666 shares in the company, valued at $196,263,808.16. This represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

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.