Ashton Thomas Private Wealth LLC Invests $893,000 in Williams-Sonoma, Inc. (NYSE:WSM)

Ashton Thomas Private Wealth LLC acquired a new position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,820 shares of the specialty retailer's stock, valued at approximately $893,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its position in shares of Williams-Sonoma by 72.7% during the third quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer's stock worth $1,360,384,000 after acquiring an additional 3,695,837 shares during the last quarter. State Street Corp grew its position in Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer's stock worth $825,588,000 after purchasing an additional 2,777,339 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Williams-Sonoma by 107.5% in the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer's stock valued at $418,223,000 after purchasing an additional 1,393,436 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer's stock valued at $326,931,000 after buying an additional 1,145,410 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Williams-Sonoma by 324.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer's stock worth $160,537,000 after buying an additional 792,068 shares during the period. Institutional investors own 99.29% of the company's stock.

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Williams-Sonoma Stock Down 5.7 %

Shares of NYSE:WSM traded down $10.03 during trading on Thursday, reaching $164.87. The stock had a trading volume of 1,970,505 shares, compared to its average volume of 1,850,281. The firm has a market capitalization of $20.30 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.89 and a beta of 1.82. Williams-Sonoma, Inc. has a 52 week low of $125.33 and a 52 week high of $219.98. The stock has a fifty day simple moving average of $200.89 and a two-hundred day simple moving average of $170.66.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. TD Cowen boosted their price target on Williams-Sonoma from $165.00 to $195.00 and gave the stock a "buy" rating in a research report on Thursday, November 21st. Morgan Stanley upped their price objective on shares of Williams-Sonoma from $170.00 to $195.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Royal Bank of Canada raised their target price on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. The Goldman Sachs Group boosted their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the stock a "neutral" rating in a research note on Thursday, January 30th. Finally, Telsey Advisory Group boosted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the stock an "outperform" rating in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma currently has a consensus rating of "Hold" and a consensus price target of $173.78.

Insider Transactions at Williams-Sonoma

In other news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $194.32, for a total transaction of $273,602.56. Following the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 45,000 shares of the business's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $207.76, for a total transaction of $9,349,200.00. Following the completion of the sale, the chief executive officer now 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 currently owned by corporate 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.