Williams-Sonoma (WSM) – Investment Analysts’ Recent Ratings Updates
A number of firms have modified their ratings and price targets on shares of Williams-Sonoma (NYSE: WSM) recently:
- Williams-Sonoma had its price target raised by analysts at Canaccord Genuity from $65.00 to $67.00. They now have a “hold” rating on the stock.
- Williams-Sonoma was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $74.00 price target on the stock, down previously from $82.00. They wrote, “We are moving to EW on WSM and are lowering our price target to $74 and our 2015 EPS estimate to $3.59. While Q2 EPS was solid and in-line, we were expecting a carry-over in top-line momentum from previous quarters and comparable brand growth in the high single digits.We did not get this (Q2 comparable brand growth +5.7%), due to competition and tougher compares and now no longer believe the business will generate this level of growth in the near-term. Valuation (19x 2015 e earnings) is not as supportive of a business that we now see generating low teens growth over the next 12 months.”
- Williams-Sonoma had its “buy” rating reaffirmed by analysts at Argus.
- Williams-Sonoma had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $69.00 price target on the stock. Zacks‘ analyst wrote, “Williams-Sonoma’s posted second-quarter 2014 adjusted earnings of $0.53 per share that was in line with the Zacks Consensus Estimate and rose 8.2%. Top-line growth and operating margin increase backed the upside. Net revenue of $1.04 billion was also in-line with the Consensus mark and increased 5.8% year over year, owing to increase in brand revenues. We are encouraged by Williams-Sonoma’s strong international presence and its fast expanding international footprint. Product innovation, personalized service and strong marketing and execution drove the company’s top line and profits since late 2011. However, we remain on the sidelines as the outlook for third quarter 2014 and fiscal 2014 that were below the market expectations. In addition, with the U.S. residential activity slowing down since the second half of 2013, the demand for William Sonoma’s products could be hurt in future quarters. We therefore have a Neutral recommendation on the stock with a target price of $69.00. “
Williams-Sonoma, Inc. (NYSE:WSM) opened at 65.57 on Wednesday. Williams-Sonoma, Inc. has a 1-year low of $51.70 and a 1-year high of $75.69. The stock’s 50-day moving average is $70.06 and its 200-day moving average is $66.26. The company has a market cap of $6.162 billion and a price-to-earnings ratio of 22.23.
Williams-Sonoma (NYSE:WSM) last issued its quarterly earnings data on Wednesday, August 27th. The company reported $0.53 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.53. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.49 earnings per share. Williams-Sonoma’s revenue was up 5.8% compared to the same quarter last year. On average, analysts predict that Williams-Sonoma, Inc. will post $3.17 earnings per share for the current fiscal year.
Williams-Sonoma, Inc is a multi-channel specialty retailer of products for the home. The Company is an e- commerce retailer with brands in home furnishings.