Williams-Sonoma shares tumble on revenue miss, lowered revenue outlook
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Williams-Sonoma (WSM) PT Lowered to $140 at Baird
August 23, 2024 7:00 AM EDTBaird analyst Peter Benedict lowered the price target on Williams-Sonoma (NYSE: WSM) to $140.00 (from $150.00) while maintaining a Neutral rating.
The analyst comments "Staying patient. Another margin-driven beat, with EPS exceeding consensus by ~8%. While comp declines moderated (and WSM is gaining market share), choppy demand... More
Williams-Sonoma (WSM) PT Lowered to $147 at RBC Capital
August 23, 2024 6:14 AM EDTRBC Capital analyst Scot Ciccarelli lowered the price target on Williams-Sonoma (NYSE: WSM) to $147.00 (from $150.00) while maintaining a Outperform rating.
The analyst comments "Mgmt adopted a more cautious top-line outlook and reiterated their 2H margin outlook (which has tougher gross margin... More
Goldman Sachs Reiterates Neutral Rating on Williams-Sonoma (WSM)
August 23, 2024 5:46 AM EDTGoldman Sachs analyst Kate McShane reiterated a Neutral rating and $141.00 price target on Williams-Sonoma (NYSE: WSM).
The analyst comments "WSM closed down -9.3% (vs. the S&P 500 at -0.9%) despite its 2Q beat and raised FY24 operating margin guidance.... More
Williams-Sonoma (WSM) PT Lowered to $140 at Wells Fargo
August 23, 2024 5:35 AM EDTWells Fargo analyst Zachary Fadem lowered the price target on Williams-Sonoma (NYSE: WSM) to $140.00 (from $145.00) while maintaining a Equal Weight rating.
The analyst comments "Considering expectations, Q2 results were solid w/ in line-ish comps & another big GM/EBIT% beat. But trends were... More
Williams-Sonoma (WSM) PT Lowered to $148 at Jefferies
August 22, 2024 2:37 PM EDTJefferies analyst Jonathan Matuszewski lowered the price target on Williams-Sonoma (NYSE: WSM) to $148.00 (from $155.00) while maintaining a Hold rating.
The analyst comments "Several positive updates embedded in results this morning, including notable outperformance vs. the industry, +HSD% growth in Trade, and +DD% growth in... More
Citi Reiterates Neutral Rating on Williams-Sonoma (WSM)
August 22, 2024 9:53 AM EDTCiti analyst Steven Zaccone reiterated a Neutral rating and $152.00 price target on Williams-Sonoma (NYSE: WSM).
The analyst comments "WSM reported a mixed 2Q print, with EPS beating expectations but a significant miss and cut on the top line. 2Q SSS of... More
Williams-Sonoma (WSM) Tops Q2 EPS by 13c, Offers Outlook
August 22, 2024 8:05 AM EDTWilliams-Sonoma (NYSE: WSM) reported Q2 EPS of $1.74, $0.13 better than the analyst estimate of $1.61. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.81 billion.
OUTLOOK
We are revising our fiscal 2024 guidance to reflect lower net revenue trends and higher operating margin expectations. The net effect of these changes holds... More