Williams-Sonoma, Inc. (NYSE:WSM) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,359 shares of the specialty retailer's stock after buying an additional 5,337 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.09% of Williams-Sonoma worth $20,251,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WSM. Oppenheimer & Co. Inc. raised its holdings in shares of Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer's stock valued at $1,167,000 after acquiring an additional 4,901 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer's stock valued at $955,000 after acquiring an additional 3,038 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Williams-Sonoma by 94.8% during the third quarter. Stifel Financial Corp now owns 19,535 shares of the specialty retailer's stock worth $3,026,000 after acquiring an additional 9,509 shares in the last quarter. Intech Investment Management LLC lifted its holdings in shares of Williams-Sonoma by 27.2% in the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer's stock worth $5,966,000 after acquiring an additional 8,237 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Williams-Sonoma by 67.4% during the 3rd quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer's stock valued at $4,641,000 after purchasing an additional 12,061 shares during the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

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Insider Activity at Williams-Sonoma

In other Williams-Sonoma news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction dated Thursday, February 27th. The stock was 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. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 944,666 shares of the company's stock, valued at $196,263,808.16. The trade was 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 insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WSM. Wedbush restated a "neutral" rating and set a $190.00 price target (up from $175.00) on shares of Williams-Sonoma in a research report on Friday, February 28th. Wells Fargo & Company boosted their price target on Williams-Sonoma from $165.00 to $185.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Jefferies Financial Group upped their price objective on shares of Williams-Sonoma from $194.00 to $226.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Gordon Haskett upgraded shares of Williams-Sonoma to a "hold" rating in a report on Thursday, February 13th. Finally, TD Cowen raised their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $173.78.

Williams-Sonoma Price Performance

Shares of NYSE:WSM traded down $7.04 during trading on Thursday, hitting $167.86. 333,791 shares of the company's stock were exchanged, compared to its average volume of 1,844,297. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The business's 50-day simple moving average is $200.89 and its 200 day simple moving average is $170.66. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.89 and a beta of 1.82.

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.