Barclays Q1 Preview on Williams-Sonoma (WSM); Still Some Things To Sort Out

May 17, 2012 3:07 PM EDT Send to a Friend
Get Alerts WSM Hot Sheet
Price: $75.01 -0.04%

Rating Summary:
    17 Buy, 14 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
Trade WSM Now!
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Williams-Sonoma (NYSE: WSM) price target of $38.00.

Analyst, Alan M. Rifkin, said, "We estimate 1Q EPS of $0.31, $0.01 below the Street though near the high end of management's guidance: We believe that sales were reasonably strong throughout Q1 across the company's five concepts, although we believe challenges in branded kitchen and cookware products at the Williams-Sonoma brand likely continued during the quarter."

Rifkin also sees Q1 same-store sales at +2.5%, citing selling challenges from nationally branded items, but longer-term, believes the multi-channel platform is strong.

For an analyst ratings summary and ratings history on Williams-Sonoma click here. For more ratings news on Williams-Sonoma click here.

Shares of Williams-Sonoma closed at $36.20 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS View

Related Entities

Barclays

Add Your Comment