Jefferies Maintains a 'Buy' on Williams-Sonoma (WSM); Raising Q2 to Street High

August 20, 2012 7:05 AM EDT Send to a Friend
Get Alerts WSM Hot Sheet
Price: $73.97 -1.66%

Rating Summary:
    16 Buy, 15 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 13 | Down: 18 | New: 41
Trade WSM Now!
Join SI Premium – FREE
Jefferies maintains a 'Buy' on Williams-Sonoma (NYSE: WSM) price target of $42.00.

Analyst, John Marrin, said, "WSM shares have underperformed retail YTD and we believe this is highly unjustified. The namesake kitchenware segment’s struggles have distracted investors from impressive gains at Pottery Barn and West Elm, but any sign of stabilization at WS brand will likely turn the tide. We think expectations heading into the release Tuesday AMC remain muted and that WSM will outperform retail following the print."

Raises current quarter from $0.42 to $0.43 (consensus is $0.41) and FY13 EPS estimate raised from $2.61 to $2.62 (consensus is $2.50).

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 $37.59 yesterday.


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

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View

Related Entities

Jefferies & Co

Add Your Comment