Jefferies Maintains a 'Buy' on Williams-Sonoma (WSM); Raising Q2 to Street High
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Price: $241.58 -0.35%
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 27 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
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.
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