Toronto Dominion Bank Boosts Stock Position in Williams-Sonoma, Inc. (NYSE:WSM)

Toronto Dominion Bank grew its holdings in Williams-Sonoma, Inc. (NYSE:WSM) by 171.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,897 shares of the specialty retailer’s stock after purchasing an additional 10,046 shares during the period. Toronto Dominion Bank’s holdings in Williams-Sonoma were worth $2,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Oppenheimer & Co. Inc. increased its stake in Williams-Sonoma by 186.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 7,536 shares of the specialty retailer’s stock worth $1,167,000 after buying an additional 4,901 shares during the period. OneDigital Investment Advisors LLC grew its stake in Williams-Sonoma by 97.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 6,167 shares of the specialty retailer’s stock worth $955,000 after acquiring an additional 3,038 shares in the last quarter. Intech Investment Management LLC grew its stake in Williams-Sonoma by 27.2% in the 3rd quarter. Intech Investment Management LLC now owns 38,512 shares of the specialty retailer’s stock worth $5,966,000 after acquiring an additional 8,237 shares in the last quarter. Pacer Advisors Inc. increased 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 acquiring an additional 1,145,410 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Williams-Sonoma by 67.4% during the third quarter. Cerity Partners LLC now owns 29,959 shares of the specialty retailer’s stock valued at $4,641,000 after acquiring an additional 12,061 shares in the last quarter. 99.29% of the stock is currently owned by institutional investors.

Williams-Sonoma Price Performance

Williams-Sonoma stock opened at $195.63 on Monday. Williams-Sonoma, Inc. has a 1-year low of $95.76 and a 1-year high of $198.70. The business has a fifty day moving average price of $153.19 and a 200-day moving average price of $148.00. The stock has a market capitalization of $24.08 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 2.98 and a beta of 1.81.

Williams-Sonoma Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, January 17th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Friday, January 17th. Williams-Sonoma’s dividend payout ratio is presently 26.98%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on WSM. 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. Robert W. Baird cut their price target on Williams-Sonoma from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. Jefferies Financial Group upgraded Williams-Sonoma from a “hold” rating to a “buy” rating and lifted their price objective for the company from $148.00 to $156.00 in a report on Wednesday, September 11th. TD Cowen increased their target price on shares of Williams-Sonoma from $165.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Finally, Telsey Advisory Group boosted their price target on shares of Williams-Sonoma from $165.00 to $190.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Williams-Sonoma has a consensus rating of “Hold” and a consensus target price of $154.41.

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 on Friday, November 15th. The shares were 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 owns 990,956 shares of the company’s stock, valued at approximately $129,309,848.44. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Jeffrey Howie sold 3,160 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $177.39, for a total transaction of $560,552.40. Following the sale, the chief financial officer now directly owns 46,388 shares in the company, valued at $8,228,767.32. This trade represents a 6.38 % 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.

Williams-Sonoma 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.