Barclays Raises Estimates on Williams-Sonoma (WSM); Encouraging Q1 Results

Barclays maintains an 'Equalweight' on Williams-Sonoma (NYSE: WSM) price target of $38.00.

Analyst, Alan M. Rifkin, said, "WSM reported 1Q continuing operating EPS of
$0.34, vs. $0.30 LY, which was above our $0.31 estimate and above the high end of guidance of $0.29-$0.32. Comps of 4.6%, versus 6.7% LY, were ahead of our 2.5% estimate."

"...we raised our 2012 EPS estimate from $2.45 to $2.53, our 2013 EPS estimate from $2.75 to $2.85 and our 2014 EPS estimate from $3.20 to $3.25."

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 $35.89 yesterday.

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