UBS Maintains a 'Neutral' on Williams-Sonoma (WSM); Reviewing Positives & Negatives
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Price: $280.22 --0%
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 9 | New: 13
Rating Summary:
9 Buy, 27 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 9 | New: 13
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UBS maintains a 'Neutral' on Williams-Sonoma (NYSE: WSM) price target lowered from $40 to $38.
UBS analyst says, "On the positive side, 4Q sales trends picked up across 3 out of 5 of WSM’s main segments including 11% same brand rev growth for PB. Also, the co stepped up the share repos with $100 mm deployed in 4Q and has room to do more with $5 in net cash per share. On the cautious front, it has become more expensive for WSM to drive sales and its incremental spending / capex is a further reflection of that."
"Following the CFO change, many questions were raised about the conservatism of WSM’s ’12 guidance that included 6%-8% sales growth & EPS of $2.37 to $2.47. We see little risk in the next quarter or two, particularly since it seems that trends have picked up since the start of the year. Yet, the FY outlook will depend a lot on what happens around the holidays."
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 $35.62 yesterday.
UBS analyst says, "On the positive side, 4Q sales trends picked up across 3 out of 5 of WSM’s main segments including 11% same brand rev growth for PB. Also, the co stepped up the share repos with $100 mm deployed in 4Q and has room to do more with $5 in net cash per share. On the cautious front, it has become more expensive for WSM to drive sales and its incremental spending / capex is a further reflection of that."
"Following the CFO change, many questions were raised about the conservatism of WSM’s ’12 guidance that included 6%-8% sales growth & EPS of $2.37 to $2.47. We see little risk in the next quarter or two, particularly since it seems that trends have picked up since the start of the year. Yet, the FY outlook will depend a lot on what happens around the holidays."
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 $35.62 yesterday.
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