Imperial Capital Bumps Price Target on Williams-Sonoma (WSM) But Sees Limited Upside

March 25, 2013 3:16 PM EDT
Get Alerts WSM Hot Sheet
Price: $50.16 --0%

Rating Summary:
    13 Buy, 22 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 16 | New: 54
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Imperial Capital raised its price target on Williams-Sonoma (NYSE: WSM) from $44 to $52 but maintained an In-Line rating following solid 4Q12 earnings results on 3/19/13.

"Williams-Sonoma is a dominant multi-channel home goods retailer with strong brands, talented management, loyal customers, and double-digit long-term growth potential. We believe current momentum at West Elm and Pottery Barn should help support a premium multiple for the stock," the analyst commented. "However, with the stock currently trading near our estimate of fair value, we believe further upside could be limited in the near term."

The firm maintaining 2013 EPS estimate of $2.75 (+6%) and introduced 2014 EPS estimate of $3.15 (+15%).

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 $49.83 yesterday.

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