Sequoia Financial Advisors LLC Boosts Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Sequoia Financial Advisors LLC boosted its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,132 shares of the specialty retailer's stock after acquiring an additional 4,643 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Williams-Sonoma were worth $6,506,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WSM. Janney Montgomery Scott LLC raised its position in Williams-Sonoma by 32.9% during the third quarter. Janney Montgomery Scott LLC now owns 6,112 shares of the specialty retailer's stock valued at $947,000 after acquiring an additional 1,513 shares in the last quarter. Atria Investments Inc grew its holdings in Williams-Sonoma by 239.1% in the third quarter. Atria Investments Inc now owns 2,560 shares of the specialty retailer's stock valued at $397,000 after purchasing an additional 1,805 shares during the period. Sigma Planning Corp grew its holdings in Williams-Sonoma by 69.8% in the third quarter. Sigma Planning Corp now owns 1,936 shares of the specialty retailer's stock valued at $300,000 after purchasing an additional 796 shares during the period. Chartwell Investment Partners LLC grew its holdings in Williams-Sonoma by 92.9% in the third quarter. Chartwell Investment Partners LLC now owns 16,596 shares of the specialty retailer's stock valued at $2,571,000 after purchasing an additional 7,992 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Williams-Sonoma in the third quarter valued at approximately $883,000. 99.29% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $207.76, for a total value of $9,349,200.00. Following the sale, the chief executive officer now owns 944,666 shares in the company, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $273,602.56. Following the completion of the sale, the chief financial officer now owns 46,388 shares in the company, valued at $9,014,116.16. This represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Williams-Sonoma Price Performance

Williams-Sonoma stock traded down $10.03 during trading on Thursday, reaching $164.87. 1,970,527 shares of the company were exchanged, compared to its average volume of 1,816,888. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The company has a market capitalization of $20.30 billion, a P/E ratio of 19.50, a PEG ratio of 2.89 and a beta of 1.82. The stock's 50 day simple moving average is $200.44 and its two-hundred day simple moving average is $170.62.

Wall Street Analysts Forecast Growth

Several analysts have commented on WSM shares. Loop Capital raised their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, November 21st. Jefferies Financial Group raised their price objective on Williams-Sonoma from $194.00 to $226.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on Williams-Sonoma from $165.00 to $185.00 and gave the company an "equal weight" rating in a report on Monday, January 6th. Wedbush reaffirmed a "neutral" rating and issued a $190.00 price target (up from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. Finally, Royal Bank of Canada lifted their price target on Williams-Sonoma from $162.00 to $189.00 and gave the stock an "outperform" rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Williams-Sonoma currently has an average rating of "Hold" and a consensus target price of $173.78.

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.