Canaccord Genuity Raises Numbers on Williams-Sonoma (WSM) On Strong E-Commerce
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Price: $283.53 -0.54%
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
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Canaccord Genuity raised its price target on Buy-rated Williams-Sonoma (NYSE: WSM) from $53 to $55 citing dominant e-commerce business.
"We believe WSM's dominant e-commerce business remains a significant growth
catalyst," analyst Laura Champine said. "WSM is the clear leader in home furnishings e-commerce, generating $1.4B in FY11 online revenues, nearly 3x the size of its closest competitor. We estimate WSM's e-commerce sales will increase at a five-year CAGR of 15%, compared with 5% growth in the retail segment. We believe sustained growth of the e-commerce channel should drive higher returns and result in ROIC increasing from 13% to 18% over the next five years."
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 $37.75 yesterday.
"We believe WSM's dominant e-commerce business remains a significant growth
catalyst," analyst Laura Champine said. "WSM is the clear leader in home furnishings e-commerce, generating $1.4B in FY11 online revenues, nearly 3x the size of its closest competitor. We estimate WSM's e-commerce sales will increase at a five-year CAGR of 15%, compared with 5% growth in the retail segment. We believe sustained growth of the e-commerce channel should drive higher returns and result in ROIC increasing from 13% to 18% over the next five years."
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 $37.75 yesterday.
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