Greatmark Investment Partners Inc. Acquires 660 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

Greatmark Investment Partners Inc. boosted its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 7.0% in the 4th quarter, Holdings Channel reports. The firm owned 10,115 shares of the specialty retailer’s stock after buying an additional 660 shares during the period. Greatmark Investment Partners Inc.’s holdings in Williams-Sonoma were worth $1,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its stake in Williams-Sonoma by 186.0% during the third quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock worth $1,167,000 after purchasing an additional 4,901 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Williams-Sonoma by 97.1% during the third quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after buying an additional 3,038 shares in the last quarter. Stifel Financial Corp increased its holdings 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 buying an additional 9,509 shares in the last quarter. Intech Investment Management LLC increased its holdings in shares of Williams-Sonoma by 27.2% during the third quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock worth $5,966,000 after buying an additional 8,237 shares in the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Williams-Sonoma by 67.4% during the third quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock worth $4,641,000 after buying an additional 12,061 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WSM has been the subject of several research analyst reports. Evercore ISI upped their price target on shares of Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a report on Thursday, November 21st. Royal Bank of Canada upped 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. upped 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. Gordon Haskett upgraded shares of Williams-Sonoma to a “hold” rating in a report on Thursday, February 13th. Finally, Telsey Advisory Group increased their price objective on Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $173.78.

Williams-Sonoma Trading Up 1.3 %

Shares of Williams-Sonoma stock opened at $167.22 on Friday. The business has a 50-day moving average price of $199.93 and a two-hundred day moving average price of $170.85. Williams-Sonoma, Inc. has a 1-year low of $125.33 and a 1-year high of $219.98. The company has a market cap of $20.58 billion, a P/E ratio of 19.78, a PEG ratio of 2.89 and a beta of 1.82.

Insiders Place Their Bets

In other news, CEO Laura Alber sold 45,000 shares of the stock in a transaction dated 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. This represents a 4.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Howie sold 1,408 shares of the 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at $9,014,116.16. This trade represents a 2.95 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.