Recent trading patterns in the stock of Williams-Sonoma, Inc. (NYSE:WSM) have investors on high alert. Analysts often look at historical trading patterns to predict a stock’s future performance. In the case of WSM, the data might be telling investors a thing or two about where the stock is headed. In the most recent quarter, institutional ownership increased by a net of 1.31 million shares, or 1.49%. This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for WSM overall. 212 holders increased their positions, 166 decreased their positions, and 47 holders held their positions.
Among institutions that increased their positions, 53 were new positions. Among holders that decreased their positions, 51 sold out of the stock Williams-Sonoma, Inc.. Insider ownership during the latest quarter decreased by a net of 0 shares, indicating that WSM’s key executives are feeling more bearish about the stock than they did three months ago. Insider ownership during the last year has decreased by a net of 119761 shares.
Over the past year, the price of Williams-Sonoma, Inc. (WSM) has decreased -0.16% while the S&P 500 has increased 19.15%. During the past 20 days, WSM has increased 0.91% while the broad market has increased 1.82%. WSM ‘s 20-day moving average currently sits below its 100-day moving average. This is a bearish signal that suggests the stock price might have farther to fall. WSM’s average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of WSM’s future price movements.
Williams-Sonoma, Inc. (NYSE:WSM) has a 20-day RSI of 50.46%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. WSM’s 9-day MACD currently sits below the 20-day MACD, indicating that the stock might be on the cusp of a downtrend. WSM’s average trading volatility during the past few weeks is 13.72% higher than the average volatility over the past 100 days. This means that the stock’s daily price swings have been more extreme in recent times compared to the past.
Analysts expect Williams-Sonoma, Inc. (WSM) to generate earnings per share of $3.59 in 2017. This works out to an increase of 4.66% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for WSM on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 3.20 or a Hold. Three months ago, analysts assigned WSM a 3.40 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.