Barclays Maintains an 'Equalweight' on Williams-Sonoma (WSM); Q2 Preview
Tweet
Share
E-mailGet Alerts WSM Hot Sheet
Price: $285.07 +1.73%
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Join SI Premium – FREE
Barclays maintains an 'Equalweight' on Williams-Sonoma (NYSE: WSM) price target of $35.00.
Barclays analyst says, "2Q results to be reported on August 23: Williams-Sonoma is expected to report 2Q 2011 results on Tuesday, August 23, before the market open. A conference call will follow at 10:00 a.m. (EDT)...Our 2Q EPS estimate of $0.37 is $0.01 above consensus and slightly above management guidance."
"Remain neutral as we head into the back half of the year: Earlier this week, we downgraded WSM from Overweight to Equal Weight, due predominantly to
macro concerns. While we believe that WSM's multi-channel platform sets a high standard for other Hardlines Retailers to follow, we point out WSM's exposure to highly cyclical categories such as furniture, which represents approximately 30% of the company's annual revenues. In our view, WSM's same-store sales may be poised to decelerate as consumers cut back on more discretionary product�purchases. Furthermore, with the heightened volatility in the stock market recently, we believe that higher-end consumers (WSM's target customer base) may be more reluctant to spend as wealthy consumers' consumption patterns are more sensitive to stock market volatility."
For more ratings news on Williams-Sonoma click here and for the rating history of Williams-Sonoma click here.
Shares of Williams-Sonoma closed at $31.06 yesterday.
Barclays analyst says, "2Q results to be reported on August 23: Williams-Sonoma is expected to report 2Q 2011 results on Tuesday, August 23, before the market open. A conference call will follow at 10:00 a.m. (EDT)...Our 2Q EPS estimate of $0.37 is $0.01 above consensus and slightly above management guidance."
"Remain neutral as we head into the back half of the year: Earlier this week, we downgraded WSM from Overweight to Equal Weight, due predominantly to
macro concerns. While we believe that WSM's multi-channel platform sets a high standard for other Hardlines Retailers to follow, we point out WSM's exposure to highly cyclical categories such as furniture, which represents approximately 30% of the company's annual revenues. In our view, WSM's same-store sales may be poised to decelerate as consumers cut back on more discretionary product�purchases. Furthermore, with the heightened volatility in the stock market recently, we believe that higher-end consumers (WSM's target customer base) may be more reluctant to spend as wealthy consumers' consumption patterns are more sensitive to stock market volatility."
For more ratings news on Williams-Sonoma click here and for the rating history of Williams-Sonoma click here.
Shares of Williams-Sonoma closed at $31.06 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Williams-Sonoma is fined by US FTC over 'Made in USA' claims
- Costco Wholesale (COST) PT Raised to $710 at Citi
- Boston Beer Company (SAM) PT Lowered to $325 at Jefferies
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign 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!
