Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 312,953 shares of the specialty retailer's stock after buying an additional 4,623 shares during the period. Williams-Sonoma accounts for 1.8% of Moran Wealth Management LLC's holdings, making the stock its 3rd biggest position. Moran Wealth Management LLC owned about 0.25% of Williams-Sonoma worth $57,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WSM. Smithfield Trust Co lifted its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer's stock valued at $25,000 after buying an additional 80 shares in the last quarter. Cassady Schiller Wealth Management LLC raised its stake in Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer's stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Brooklyn Investment Group purchased a new position in Williams-Sonoma in the 3rd quarter valued at $28,000. Hobbs Group Advisors LLC boosted its stake 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 purchasing an additional 118 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Williams-Sonoma during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 99.29% of the company's stock.

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Wall Street Analysts Forecast Growth

WSM has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Williams-Sonoma from $165.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Barclays boosted their target price on Williams-Sonoma from $123.00 to $131.00 and gave the stock an "underweight" rating in a report on Thursday. Loop Capital lifted their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, November 21st. Telsey Advisory Group upped their target price on Williams-Sonoma from $165.00 to $190.00 and gave the company an "outperform" rating in a report on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their price target on Williams-Sonoma from $170.00 to $224.00 and gave the stock a "neutral" rating in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $173.78.

Williams-Sonoma Price Performance

Shares of WSM stock traded down $10.03 during trading on Thursday, reaching $164.87. The company's stock had a trading volume of 1,970,527 shares, compared to its average volume of 1,850,281. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The stock's 50-day moving average price is $200.89 and its 200 day moving average price is $170.66. The company 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.

Insider Activity at Williams-Sonoma

In other 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 transaction of $273,602.56. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares of the company's stock, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction on 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 directly owns 944,666 shares in the company, valued at $196,263,808.16. This trade 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 company insiders.

About Williams-Sonoma

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.