Williams-Sonoma, Inc. (WSM) Takes A Hammering After Outlook Revision

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How Are Hedgies Trading Williams-Sonoma, Inc. (NYSE:WSM)?

Eric Bannasch‘s Cadian Capital was one of the funds that bulked up its stake in the company the most, holding some 413,200 shares valued at $34 million, an increase of 4,492%. The largest new stake initiated in Williams-Sonoma, Inc. (NYSE:WSM) was by Alkeon Capital Management, which is led by Panayotis Takis Sparaggis and holds 600,000 shares valued at $49.46 million. However, Robert Joseph Caruso‘s Select Equity Group ranks at the top of all equity holders in our database, owning 3.08 million shares valued at $252.99 million. The firm trimmed its stake by 2% in the second quarter.

Given the downward revision of its future outlook and the current doldrums of the stock market, we would recommend waiting awhile before stocking Williams-Sonoma, Inc. (NYSE:WSM) in your portfolios.

Disclosure: None

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