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March 13, 2014
11:22 EDTPIR, RH, KIRK, BBBY, WSMWilliams-Sonoma soars to 52-week high after results top estimates
Shares of home goods retailer Williams-Sonoma (WSM) hit a new 52-week high after the company's fourth quarter results topped expectations. In addition to its flagship brand, the company also operates the West Elm and Pottery Barn collection of chains. WHAT'S NEW: Last night, Williams-Sonoma reported Q4 earnings per share of $1.38 and revenue of $1.47B, beating expectations of $1.36 and $1.43B, respectively. Q4 comparable brand revenue increased 10.4%. The company forecast Q1 EPS of 41c-44c and revenue of $920M-$940M, compared to consensus of 46c and $943.61M, respectively. Q1 comparable brand revenue is expected to increase 4%-6%. For FY14, Williams-Sonoma expects EPS and revenue of $3.05-$3.15 and $4.63B-$4.71B, versus consensus of $3.20 and $4.64B, respectively. FY14 comparable brand revenue is expected to increase 5%-10%. The company also raised its quarterly dividend to 33c from 31c per share. ANALYST REACTION: This morning, Citigroup removed Williams-Sonoma from its U.S. Focus list following the company's Q4 results, citing the stock's strong performance over the past year. However, the firm reiterated a Buy rating on shares with a $67 price target. Another firm, RW Baird, raised their price target on the shares to $70 from $64. The firm cited robust top-line trends, leverage to housing and e-commerce, and emerging international growth. RW Baird has an Outperform rating on Williams-Sonoma. PRICE ACTION: In late morning trading, Williams-Sonoma rose $5.95, or about 10%, to $64.92 on three times its average daily trading volume. The stock continues to make new 52-week highs as the session unfolds. Including today's advance, the stock has gained about 43% over the past twelve months. OTHERS TO WATCH: Other retailers specializing in home goods include Pier 1 Imports (PIR), Bed Bath & Beyond (BBBY), and Restoration Hardware (RH). Another company in the space, Kirklands (KIRK), also reported results this morning and its shares were up about 6% in late morning trading.
News For WSM;KIRK;PIR;BBBY;RH From The Last 14 Days
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August 27, 2015
09:26 EDTWSMOn The Fly: Pre-market Movers
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09:26 EDTWSMWilliams-Sonoma shares should be bought on post-earnings dip, says JPMorgan
JPMorgan analyst Christopher Horvers said he sees "numerous credible reasons" giving him confidence that Williams-Sonoma can still drive topline growth and margin improvements and recommends investors "buy the dip" he expects in shares following the company's Q2 report. Horvers trimmed his price target on Williams-Sonoma to $97 from $103 but maintains an Overweight rating on the stock.
08:53 EDTWSMWilliams-Sonoma downgraded to Neutral from Buy at BofA/Merrill
BofA/Merrill downgraded Williams-Sonoma to Neutral with a new $88 price target. The firm downgraded shares based on year-to-date outperformance and said ongoing investments will limit earnings flow through.
08:00 EDTWSMWilliams-Sonoma weakness creates buying opportunity, says SunTrust
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07:51 EDTWSMWilliams-Sonoma weakness creates buying opportunity, says Oppenheimer
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August 26, 2015
20:03 EDTWSMOn The Fly: After Hours Movers
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17:51 EDTWSMWilliams-Sonoma says has 'strong lineup' for 2H15
Says plans to launch three times the amount of new products in Q3 compared to the prior year period. Says expects to open four new locations in Q3. Says has made "good progress" across all brands in 1H15 and expects market share gains in 2H15. Comments from company's Q2 earnings conference call.
16:14 EDTWSMWilliams-Sonoma falls after earnings
The shares were last at $80 in the extended session following earnings, down over 3.5%. At that price next support is at $77.75. Resistance is at $81.
16:14 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.48
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16:13 EDTWSMWilliams-Sonoma sees Q3 EPS 68c-73c, consensus 75c
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16:11 EDTWSMWilliams-Sonoma reports Q2 EPS 58c, consensus 58c
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15:00 EDTWSMNotable companies reporting after market close
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August 21, 2015
08:42 EDTWSMWilliams-Sonoma August weekly volatility elevated into Q2 and outlook
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07:58 EDTKIRKKirkland's weakness overdone, says SunTrust
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August 20, 2015
11:18 EDTKIRKKirkland's says expects to generate positive cash flow in FY15
Sees FY CapEx $29M-$31M.
11:10 EDTKIRKKirkland's says data processing issue 'not a data breach in any way'
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06:37 EDTKIRKKirkland's sees Q3 EPS 2c-5c, consensus 11c
SeesQ3 revenue $130M-$132M, consensus $131.23M. Sees Q3 SSS up 3%-4%.
06:34 EDTKIRKKirkland's sees FY15 adjusted EPS $1.16-$1.23, consensus $1.26
Sees FY15 revenue up 11%-12%. Sees FY15 SSS up 3%-5%.
06:32 EDTKIRKKirkland's reports Q2 SSS up 6.7%
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06:32 EDTKIRKKirkland's reports Q2 EPS (13c), consensus (11c)
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