Raymond James Financial Inc. bought a new stake in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 214,751 shares of the specialty retailer's stock, valued at approximately $39,768,000. Raymond James Financial Inc. owned 0.17% of Williams-Sonoma at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Vision Financial Markets LLC purchased a new position in Williams-Sonoma during the 4th quarter valued at $2,555,000. Proficio Capital Partners LLC lifted its position in shares of Williams-Sonoma by 8.2% in the 4th quarter. Proficio Capital Partners LLC now owns 2,676 shares of the specialty retailer's stock worth $496,000 after purchasing an additional 203 shares during the period. Keybank National Association OH lifted its stake in shares of Williams-Sonoma by 5.7% during the 4th quarter. Keybank National Association OH now owns 3,707 shares of the specialty retailer's stock worth $686,000 after purchasing an additional 200 shares during the last quarter. Ring Mountain Capital LLC purchased a new position in shares of Williams-Sonoma in the 4th quarter worth approximately $233,000. Finally, State of Michigan Retirement System increased its position in shares of Williams-Sonoma by 1.9% during the fourth quarter. State of Michigan Retirement System now owns 36,640 shares of the specialty retailer's stock worth $6,785,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.
In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction 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 in the company, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Laura Alber sold 45,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total value of $9,349,200.00. Following the sale, the chief executive officer now directly owns 944,666 shares of the company's stock, valued at approximately $196,263,808.16. This trade represents a 4.55 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.50% of the company's stock.
WSM traded down $10.03 during trading on Thursday, hitting $164.87. 1,970,527 shares of the stock were exchanged, compared to its average volume of 1,816,888. The firm has a market capitalization of $20.30 billion, a P/E ratio of 19.50, a PEG ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The stock has a fifty day moving average price of $200.89 and a two-hundred day moving average price of $170.66.
Several analysts have issued reports on WSM shares. Wedbush restated a "neutral" rating and issued a $190.00 target price (up from $175.00) on shares of Williams-Sonoma in a report on Friday, February 28th. JPMorgan Chase & Co. boosted their target price on Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. TD Cowen increased 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. Barclays lifted their price objective on shares of Williams-Sonoma from $123.00 to $131.00 and gave the company an "underweight" rating in a report on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of "Hold" and a consensus target price of $173.78.
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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.
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