Goldman Sachs Boosts Numbers on Williams-Sonoma (WSM) After Q4 Results

Goldman Sachs is sticking with its Buy rating on Williams-Sonoma (NYSE: WSM) despite some unexpected twists with fourth quarter earnings report, including the departure of CFO/COO, Sharon McCollam.

Along with the results, Williams-Sonoma noted sales reaccelerated in January and the tone of business remains solid into 1Q2012. In addition to the executive departure, another twist was that the company is ramping cap-ex in preparation for an emerging international effort and ecommerce investment.

Goldman raised 2012 EPS to $2.54 from $2.50, 2013 EPS to $2.90 from $2.88, and introduce 2014 EPS at $3.28. They reiterated their Buy rating, citing greater sales from West Elm, cost savings from its distribution work in 2013-2015, and better sales performance from remodels.

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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