Vestcor Inc Sells 49,620 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Vestcor Inc trimmed its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 43.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,406 shares of the specialty retailer’s stock after selling 49,620 shares during the quarter. Vestcor Inc’s holdings in Williams-Sonoma were worth $12,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. FMR LLC increased its stake in shares of Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock worth $1,360,384,000 after acquiring an additional 3,695,837 shares in the last quarter. State Street Corp increased its stake in shares of Williams-Sonoma by 108.8% in the 3rd quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock worth $825,588,000 after acquiring an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Williams-Sonoma by 107.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock worth $418,223,000 after acquiring an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Williams-Sonoma by 118.7% in the 3rd quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock worth $326,931,000 after acquiring an additional 1,145,410 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Williams-Sonoma by 104.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,105,336 shares of the specialty retailer’s stock worth $171,239,000 after acquiring an additional 565,745 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Trading Up 0.1 %

WSM opened at $175.05 on Thursday. The company has a market cap of $21.55 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.89 and a beta of 1.82. The company’s 50 day moving average is $200.89 and its 200 day moving average is $170.66. Williams-Sonoma, Inc. has a 12-month low of $125.33 and a 12-month high of $219.98.

Insider Buying and Selling

In other Williams-Sonoma news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma 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 transaction, the chief executive officer now owns 944,666 shares of the company’s stock, valued at $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The sale 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 that occurred 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 transaction, the chief financial officer now directly 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 insiders.

Wall Street Analysts Forecast Growth

WSM has been the subject of a number of analyst reports. Wedbush restated a “neutral” rating and set a $190.00 price objective (up from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. TD Cowen raised their price objective on shares of Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Evercore ISI raised their price objective on shares of Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research note on Thursday, November 21st. Jefferies Financial Group raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective on shares of Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Two research 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 MarketBeat, Williams-Sonoma presently has an average rating of “Hold” and an average price target of $173.28.

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.