Callan Family Office LLC Purchases New Position in Williams-Sonoma, Inc. (NYSE:WSM)

Callan Family Office LLC acquired a new position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,598 shares of the specialty retailer's stock, valued at approximately $296,000.

A number of other institutional investors also recently bought and sold shares of the stock. Resonant Capital Advisors LLC increased its stake in shares of Williams-Sonoma by 1.6% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,474 shares of the specialty retailer's stock worth $643,000 after purchasing an additional 56 shares in the last quarter. Westmount Partners LLC boosted its holdings in Williams-Sonoma by 1.0% in the 4th quarter. Westmount Partners LLC now owns 6,242 shares of the specialty retailer's stock worth $1,156,000 after buying an additional 59 shares during the period. Bailard Inc. increased its stake in Williams-Sonoma by 1.6% in the 4th quarter. Bailard Inc. now owns 4,091 shares of the specialty retailer's stock worth $758,000 after buying an additional 66 shares in the last quarter. Smithfield Trust Co raised its holdings in Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after acquiring an additional 80 shares during the period. Finally, Cassady Schiller Wealth Management LLC lifted its position in shares of Williams-Sonoma by 100.0% in the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. 99.29% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on WSM shares. Jefferies Financial Group raised their target price on shares of Williams-Sonoma from $194.00 to $226.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Morgan Stanley raised their price target on Williams-Sonoma from $170.00 to $195.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Wedbush reaffirmed a "neutral" rating and set a $190.00 price objective (up from $175.00) on shares of Williams-Sonoma in a report on Friday, February 28th. The Goldman Sachs Group raised their target price on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a "neutral" rating in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Williams-Sonoma has a consensus rating of "Hold" and a consensus target price of $173.78.

Williams-Sonoma Stock Performance

NYSE WSM traded down $6.99 on Thursday, reaching $167.91. 333,791 shares of the company's stock traded hands, compared to its average volume of 1,844,285. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The firm has a market cap of $20.67 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 2.89 and a beta of 1.82. The stock has a 50 day moving average price of $200.89 and a 200-day moving average price of $170.66.

Insider Activity

In related news, 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 approximately $196,263,808.16. This trade represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of the business's 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 completion of the transaction, the chief financial officer now directly owns 46,388 shares of the company's stock, valued at $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. Insiders own 1.50% of the company's stock.

Williams-Sonoma 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.