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

Vestcor Inc lessened its position in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,406 shares of the specialty retailer’s stock after selling 49,620 shares during the period. Vestcor Inc owned approximately 0.05% of Williams-Sonoma worth $12,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smithfield Trust Co increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock worth $25,000 after buying an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Williams-Sonoma in the 3rd quarter worth $28,000. Hobbs Group Advisors LLC increased its holdings in shares of Williams-Sonoma by 100.0% in the 3rd quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock worth $37,000 after buying an additional 118 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in shares of Williams-Sonoma in the 4th quarter worth $37,000. Institutional investors own 99.29% of the company’s stock.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 45,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. This trade represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 1,408 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was 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. This represents a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Williams-Sonoma Stock Up 0.1 %

Shares of WSM opened at $175.05 on Thursday. The stock has a market capitalization of $21.55 billion, a P/E ratio of 20.70, a PEG ratio of 2.89 and a beta of 1.82. The firm has a fifty day simple moving average of $200.89 and a two-hundred day simple moving average of $170.66. Williams-Sonoma, Inc. has a twelve month low of $125.33 and a twelve month high of $219.98.

Analysts Set New Price Targets

A number of equities analysts have recently commented on WSM shares. Gordon Haskett raised shares of Williams-Sonoma to a “hold” rating in a report on Thursday, February 13th. Royal Bank of Canada increased their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. increased their price target on shares of Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Loop Capital upped their price objective on shares of Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a research note on Thursday, November 21st. Finally, Wells Fargo & Company upped their price objective on shares of Williams-Sonoma from $165.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, January 6th. Two equities 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $173.28.

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.