Finance

What Recent Ownership Trends Suggest About Williams-Sonoma, Inc. (WSM)’s Future Performance

Recent insider trends for Williams-Sonoma, Inc. (NYSE:WSM) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how WSM might perform in the future.

Institutions own 103.10% of Williams-Sonoma, Inc. (WSM)’s shares. The total value of these holdings, in millions, is $4,448. Among active positions in the latest quarter, 212 holders increased their positions by a total of 11.87 million shares, 166 holders decreased the positions by a total of 10.56 million shares, and 47 holders held their positions. This works out to a net increase in ownership of 1.31 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 53 holders initiated new positions by a total of 2.02 million shares and 51 holders exited their positions by a total of 1.92 million shares. This nets out to an increase of 100475 shares and is a bullish sign for WSM.

Insider ownership increased by a total of 0 shares, which suggests that WSM’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 24 sells, and ownership decreased by a net of 119761 shares.



The analysis of insider buying and selling trends can be extended to the aggregate level. Short interest, which represents the number of a stock’s shares currently being shorted, captures what the market as a whole feels about a stock. Williams-Sonoma, Inc. (NYSE:WSM)’s short interest is 19.01 million shares, or 25.96% of the float. This represents a decrease of -6% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that WSM is a Weak buy, which implies that WSM is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Williams-Sonoma, Inc. (NYSE:WSM) is undervalued.

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