SkyView Investment Advisors LLC Purchases 2,576 Shares of Williams-Sonoma, Inc. (NYSE:WSM)

SkyView Investment Advisors LLC boosted its stake in Williams-Sonoma, Inc. (NYSE:WSM) by 101.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,103 shares of the specialty retailer’s stock after buying an additional 2,576 shares during the period. SkyView Investment Advisors LLC’s holdings in Williams-Sonoma were worth $791,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WSM. Second Line Capital LLC acquired a new stake in Williams-Sonoma during the 3rd quarter valued at $203,000. TCW Group Inc. acquired a new position in Williams-Sonoma during the 3rd quarter valued at about $1,958,000. Soltis Investment Advisors LLC boosted its stake in shares of Williams-Sonoma by 32.0% in the 3rd quarter. Soltis Investment Advisors LLC now owns 15,302 shares of the specialty retailer’s stock valued at $2,371,000 after purchasing an additional 3,707 shares during the last quarter. Hobbs Group Advisors LLC grew its position in shares of Williams-Sonoma by 100.0% during 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 period. Finally, Virtue Capital Management LLC raised its stake in shares of Williams-Sonoma by 6.7% during the third quarter. Virtue Capital Management LLC now owns 6,628 shares of the specialty retailer’s stock worth $1,027,000 after buying an additional 414 shares during the last quarter. Institutional investors own 99.29% of the company’s stock.

Williams-Sonoma Stock Up 2.1 %

NYSE:WSM opened at $190.59 on Thursday. The company has a market cap of $23.46 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 2.84 and a beta of 1.81. Williams-Sonoma, Inc. has a twelve month low of $94.63 and a twelve month high of $192.83. The business has a 50 day moving average price of $151.52 and a two-hundred day moving average price of $147.30.

Insider Transactions at Williams-Sonoma

In other Williams-Sonoma news, CEO Laura Alber sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $130.49, for a total value of $5,219,600.00. Following the completion of the transaction, the chief executive officer now directly owns 990,956 shares in the company, valued at $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jeffrey Howie sold 3,160 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $177.39, for a total value of $560,552.40. Following the sale, the chief financial officer now owns 46,388 shares in the company, valued at approximately $8,228,767.32. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 83,160 shares of company stock valued at $11,590,952 over the last 90 days. 1.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on WSM shares. JPMorgan Chase & Co. lifted their target price 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. TD Cowen upped their price objective on Williams-Sonoma from $165.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Evercore ISI boosted their target price on Williams-Sonoma from $140.00 to $180.00 and gave the stock an “in-line” rating in a research report on Thursday, November 21st. Royal Bank of Canada boosted their price objective on shares of Williams-Sonoma from $162.00 to $189.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Wedbush increased their target price on shares of Williams-Sonoma from $135.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $154.41.

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.