Cadence Capital Management LLC lessened its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,037 shares of the specialty retailer’s stock after selling 3,855 shares during the quarter. Cadence Capital Management LLC’s holdings in Williams-Sonoma were worth $364,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Verition Fund Management LLC bought a new position in shares of Williams-Sonoma during the second quarter valued at $395,000. Alpha Windward LLC boosted its position in Williams-Sonoma by 23,087.0% in the third quarter. Alpha Windward LLC now owns 10,666 shares of the specialty retailer’s stock worth $532,000 after purchasing an additional 10,620 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Williams-Sonoma by 7.0% in the third quarter. Ameriprise Financial Inc. now owns 246,030 shares of the specialty retailer’s stock worth $12,267,000 after purchasing an additional 16,086 shares during the last quarter. Oxbow Advisors LLC boosted its position in Williams-Sonoma by 3.7% in the third quarter. Oxbow Advisors LLC now owns 35,312 shares of the specialty retailer’s stock worth $1,761,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its position in shares of Williams-Sonoma by 6.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 63,325 shares of the specialty retailer’s stock valued at $3,157,000 after buying an additional 3,792 shares in the last quarter.
Shares of Williams-Sonoma, Inc. (WSM) traded down $0.33 during mid-day trading on Thursday, hitting $52.28. The stock had a trading volume of 457,679 shares, compared to its average volume of 1,455,278. The firm has a market capitalization of $4,418.35, a price-to-earnings ratio of 14.90, a PEG ratio of 1.32 and a beta of 0.87. Williams-Sonoma, Inc. has a fifty-two week low of $42.68 and a fifty-two week high of $55.89.
WSM has been the topic of a number of analyst reports. Zacks Investment Research raised Williams-Sonoma from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Saturday, February 3rd. Morgan Stanley assumed coverage on Williams-Sonoma in a research note on Friday, November 17th. They set a “hold” rating and a $48.00 target price on the stock. Oppenheimer reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Friday, November 17th. Robert W. Baird set a $48.00 price objective on Williams-Sonoma and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Williams-Sonoma in a research note on Sunday, November 19th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and three have given a buy rating to the company. Williams-Sonoma has an average rating of “Hold” and a consensus price target of $51.20.
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Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company operates retail stores in the United States, Canada, Puerto Rico, Australia and the United Kingdom. It operates through two segments: e-commerce and retail. The e-commerce segment has various merchandising strategies, such as Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm, PBteen, Williams-Sonoma Home, Rejuvenation and Mark and Graham, which sell its products through the Company’s e-commerce Websites and direct-mail catalogs.
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