Canaccord Genuity Raises Numbers on Williams-Sonoma (WSM) On Strong E-Commerce
Tweet Send to a FriendGet Alerts WSM Hot Sheet
Price: $56.70 --0%
Rating Summary:
11 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
11 Buy, 15 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade WSM Now!
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, with a 52 week range of $27.90-$45.48.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"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, with a 52 week range of $27.90-$45.48.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Hewlett-Packard (HPQ) Q2 Performance Wins Praise on Wall Street; Jefferies Raises to Hold
- Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
