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Williams-Sonoma (WSM) Tops Q3 EPS by 4c; Issue Mixed Outlook

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Williams-Sonoma's (WSM) 3Q Beat Driven by Lower Tax Rate and Higher International Sales; Jefferies Reiterates Hold

November 20, 2015 10:03 AM EST

Jefferies maintained a Hold rating on Williams-Sonoma (NYSE: WSM), and cut the price target to $70.00 (from $77.00), following the company's 3Q earnings report. Q3 EPS came in 5 cents ahead of the Street. Nearly 4 cents of this was the result of a lower tax rate... More

UPDATE: Goldman Sachs Removes Williams-Sonoma (WSM) from Conviction Buy List

November 20, 2015 9:46 AM EST

(Updated - November 20, 2015 10:43 AM EST)

Goldman Sachs downgraded Williams-Sonoma (NYSE: WSM) from Conviction Buy to Buy with a price target of $76.00 (from $92.00). The change following the company's Q3 results. Analyst Matthew J. Fassler continues to see the company as well positioned, despite its murkier P&L.

"WSM remains well-positioned, and is driving recovery in profit trends. Moreover, valuation looks... More

Williams-Sonoma (WSM) Earnings, Nice EPS Beat But Margin Pressure Bigger Issue, Piper Jaffray Says; PT to $72

November 20, 2015 7:52 AM EST

Williams-Sonoma (NYSE: WSM) EPS of $0.77 bested expectations for FQ3 yet full-year guidance remained essentially unchanged, thus implying a lower FQ4 guidance range relative to the consensus estimates. Gross margins were under pressure and much of the call surrounded that conversation but management indicated their pure merchandise margins are only down slightly and flat year-to-date-- not a result of... More

Williams-Sonoma (WSM) PT Lowered to $70 at Credit Suisse Post Q3

November 20, 2015 7:38 AM EST

Credit Suisse analyst S. Sigman reiterated a Neutral rating and lowered its price target on Williams-Sonoma (NYSE: WSM) to $70.00 (from $80.00) following in-line Q4 results but lower guidance.

Sigman commented, "WSM delivered a relatively in line Q3 (after adj for a lower tax... More