Barclays Q1 Preview on Williams-Sonoma (WSM); Still Some Things To Sort Out
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Price: $54.96 -0.27%
Rating Summary:
11 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
11 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade WSM Now!
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, with a 52 week range of $27.90-$43.66.
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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, with a 52 week range of $27.90-$43.66.
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