Williams-Sonoma, Inc. (NYSE:WSM) Shares Sold by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. lowered its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,696 shares of the specialty retailer’s stock after selling 6,778 shares during the period. Williams-Sonoma comprises about 3.0% of Edgemoor Investment Advisors Inc.’s portfolio, making the stock its 9th biggest holding. Edgemoor Investment Advisors Inc. owned about 0.15% of Williams-Sonoma worth $34,573,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of WSM. FMR LLC increased its holdings in 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 purchasing an additional 3,695,837 shares in the last quarter. State Street Corp increased its holdings in 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 purchasing an additional 2,777,339 shares in the last quarter. Geode Capital Management LLC increased its holdings in 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 purchasing an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. increased its holdings in 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 purchasing an additional 1,145,410 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Williams-Sonoma by 324.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,036,256 shares of the specialty retailer’s stock worth $160,537,000 after purchasing an additional 792,068 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on WSM shares. Jefferies Financial Group upped their price target on Williams-Sonoma from $194.00 to $226.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Evercore ISI upped their price target on Williams-Sonoma from $140.00 to $180.00 and gave the company an “in-line” rating in a research report on Thursday, November 21st. TD Cowen upped their price target on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Loop Capital upped their price target on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, November 21st. Finally, The Goldman Sachs Group upped their price target on Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $173.78.

Insider Buying and Selling

In other news, CEO Laura Alber sold 45,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at $196,263,808.16. This represents a 4.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jeffrey Howie sold 1,408 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was 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 directly owns 46,388 shares of the company’s stock, valued at approximately $9,014,116.16. This trade represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Williams-Sonoma Stock Performance

WSM stock opened at $167.22 on Monday. The stock’s 50 day simple moving average is $199.93 and its 200 day simple moving average is $171.36. Williams-Sonoma, Inc. has a fifty-two week low of $125.33 and a fifty-two week high of $219.98. The company has a market cap of $20.58 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.89 and a beta of 1.82.

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.