Collins Stewart Starts Williams-Sonoma (WSM) at Buy; Dominates the e-Commerce Channel in Home Furnishings
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Price: $239.55 -0.84%
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Collins Stewart initiates coverage on Williams-Sonoma (NYSE: WSM) with a Buy. PT $55.00.
Collins analyst says, "Williams-Sonoma stands out in the home-furnishings space on the strength of its multichannel, multi-brand platform. The company operates its Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, and West Elm brands through brick-and-mortar locations and a direct-to-consumer business that marks WSM as the industry’s dominant online retailer, with approximately $1.4B in 2011E online revenues. We estimate that E-commerce sales will climb from 38% of total revenues in FY11 to 47% by FY15. Despite WSM’s significant E-commerce penetration, there is still vast growth potential for the company online...As a result, we expect EPS to double, from $1.95 in FY10 to $3.89 in FY15."
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 $37.72 yesterday.
Collins analyst says, "Williams-Sonoma stands out in the home-furnishings space on the strength of its multichannel, multi-brand platform. The company operates its Williams-Sonoma, Pottery Barn, Pottery Barn Kids, PBteen, and West Elm brands through brick-and-mortar locations and a direct-to-consumer business that marks WSM as the industry’s dominant online retailer, with approximately $1.4B in 2011E online revenues. We estimate that E-commerce sales will climb from 38% of total revenues in FY11 to 47% by FY15. Despite WSM’s significant E-commerce penetration, there is still vast growth potential for the company online...As a result, we expect EPS to double, from $1.95 in FY10 to $3.89 in FY15."
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 $37.72 yesterday.
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