Williams-Sonoma, Inc. (NYSE:WSM) is Edgemoor Investment Advisors Inc.’s 9th Largest Position

Edgemoor Investment Advisors Inc. trimmed its holdings in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 186,696 shares of the specialty retailer’s stock after selling 6,778 shares during the period. Williams-Sonoma makes up 3.0% of Edgemoor Investment Advisors Inc.’s investment portfolio, making the stock its 9th largest position. Edgemoor Investment Advisors Inc.’s holdings in Williams-Sonoma were worth $34,573,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smithfield Trust Co increased its position in shares of Williams-Sonoma by 100.0% during the third quarter. Smithfield Trust Co now owns 160 shares of the specialty retailer’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its holdings in Williams-Sonoma by 100.0% during the third quarter. Cassady Schiller Wealth Management LLC now owns 166 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Brooklyn Investment Group bought a new position in Williams-Sonoma during the third quarter valued at $28,000. Hobbs Group Advisors LLC grew its holdings in Williams-Sonoma by 100.0% during the third quarter. Hobbs Group Advisors LLC now owns 236 shares of the specialty retailer’s stock valued at $37,000 after purchasing an additional 118 shares during the period. Finally, Heck Capital Advisors LLC bought a new position in Williams-Sonoma during the fourth quarter valued at $37,000. 99.29% of the stock is owned by hedge funds and other institutional investors.

Williams-Sonoma Trading Up 1.3 %

WSM opened at $167.22 on Monday. The company has a market cap of $20.58 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.89 and a beta of 1.82. The business’s 50-day moving average price is $199.93 and its 200-day moving average price is $171.36. Williams-Sonoma, Inc. has a 12 month low of $125.33 and a 12 month high of $219.98.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Loop Capital increased their price objective on Williams-Sonoma from $145.00 to $180.00 and gave the company a “hold” rating in a report on Thursday, November 21st. Morgan Stanley increased their price objective on Williams-Sonoma from $170.00 to $195.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Jefferies Financial Group raised their price target on Williams-Sonoma from $194.00 to $226.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on Williams-Sonoma from $170.00 to $224.00 and gave the company a “neutral” rating in a research note on Thursday, January 30th. Finally, Wedbush reissued a “neutral” rating and set a $190.00 price objective (up previously from $175.00) on shares of Williams-Sonoma in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $173.78.

Insider Transactions at Williams-Sonoma

In other news, CEO Laura Alber sold 45,000 shares of Williams-Sonoma stock in a transaction dated 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 transaction, the chief executive officer now owns 944,666 shares in the company, valued at approximately $196,263,808.16. The trade was a 4.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $273,602.56. Following the completion of the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $9,014,116.16. The trade was a 2.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

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.