Williams-Sonoma, Inc. (NYSE:WSM) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 132.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,905 shares of the specialty retailer's stock after acquiring an additional 2,222 shares during the quarter. Jones Financial Companies Lllp's holdings in Williams-Sonoma were worth $723,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Smithfield Trust Co boosted its position in Williams-Sonoma by 100.0% in the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock worth $25,000 after purchasing an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its position in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after buying an additional 83 shares during the period. Brooklyn Investment Group bought a new stake in Williams-Sonoma during the third quarter valued at approximately $28,000. Hobbs Group Advisors LLC grew its position in Williams-Sonoma by 100.0% during the third quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer's stock valued at $37,000 after buying an additional 118 shares during the period. Finally, Heck Capital Advisors LLC purchased a new stake in Williams-Sonoma during the fourth quarter valued at approximately $37,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on WSM. Barclays boosted their price objective on shares of Williams-Sonoma from $123.00 to $131.00 and gave the company an "underweight" rating in a research report on Thursday. Morgan Stanley lifted their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Wedbush reaffirmed a "neutral" rating and set a $190.00 price target (up previously from $175.00) on shares of Williams-Sonoma in a report on Friday, February 28th. Loop Capital increased their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Williams-Sonoma from $136.00 to $145.00 and gave the company a "neutral" rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Williams-Sonoma currently has a consensus rating of "Hold" and an average target price of $173.78.

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Insider Activity at Williams-Sonoma

In related news, CFO Jeffrey Howie sold 1,408 shares of the firm's stock in a transaction on 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 owns 46,388 shares in the company, valued at approximately $9,014,116.16. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laura Alber sold 45,000 shares of Williams-Sonoma 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 completion of the transaction, the chief executive officer now owns 944,666 shares of the company's stock, valued at approximately $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 Stock Performance

WSM stock traded down $10.03 during trading on Thursday, reaching $164.87. The company had a trading volume of 1,659,089 shares, compared to its average volume of 1,850,276. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98. The company has a market cap of $20.30 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82. The firm has a 50-day simple moving average of $200.89 and a 200-day simple moving average of $170.66.

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.