Victory Capital Management Inc. Trims Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Victory Capital Management Inc. lowered its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 67.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,874 shares of the specialty retailer’s stock after selling 125,731 shares during the period. Victory Capital Management Inc.’s holdings in Williams-Sonoma were worth $11,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in Williams-Sonoma by 72.7% in the 3rd quarter. FMR LLC now owns 8,781,201 shares of the specialty retailer’s stock valued at $1,360,384,000 after purchasing an additional 3,695,837 shares during the last quarter. State Street Corp raised its holdings in Williams-Sonoma by 108.8% in the third quarter. State Street Corp now owns 5,329,125 shares of the specialty retailer’s stock valued at $825,588,000 after buying an additional 2,777,339 shares during the period. Geode Capital Management LLC grew its position in Williams-Sonoma by 107.5% in the third quarter. Geode Capital Management LLC now owns 2,689,451 shares of the specialty retailer’s stock valued at $418,223,000 after acquiring an additional 1,393,436 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Williams-Sonoma by 118.7% during the third quarter. Pacer Advisors Inc. now owns 2,110,320 shares of the specialty retailer’s stock worth $326,931,000 after buying an additional 1,145,410 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Williams-Sonoma by 324.4% in the third 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 during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Williams-Sonoma Stock Performance

Shares of Williams-Sonoma stock opened at $164.87 on Friday. The business’s 50 day simple moving average is $200.44 and its 200 day simple moving average is $170.62. Williams-Sonoma, Inc. has a 52-week low of $125.33 and a 52-week high of $219.98. The firm has a market cap of $20.30 billion, a PE ratio of 19.50, a P/E/G ratio of 2.89 and a beta of 1.82.

Insiders Place Their Bets

In other news, CFO Jeffrey Howie sold 1,408 shares of Williams-Sonoma stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 46,388 shares in the company, valued at approximately $9,014,116.16. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Laura Alber sold 45,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 944,666 shares of the company’s stock, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

WSM has been the topic of several research reports. Royal Bank of Canada boosted their price target on shares of Williams-Sonoma from $162.00 to $189.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. TD Cowen boosted their target price on Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Wedbush reiterated a “neutral” rating and set a $190.00 price target (up from $175.00) on shares of Williams-Sonoma in a report on Friday, February 28th. JPMorgan Chase & Co. increased their price objective on Williams-Sonoma from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on 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 investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $173.78.

Williams-Sonoma Company 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.