After Williams-Sonoma, Inc (NASDAQ: WSM) reported earnings on Wednesday, Jefferies reviewed the report and gave thoughts on their current Hold rating and $58 price target.
Although Williams-Sonoma beat on both top and bottom line figures for Q1, Jefferies noted a slowdown in government data as a reason to continue to have comp. deceleration in Q2. Jefferies said that despite an highly competitive and promotional environment, Williams-Sonoma would continue to distinguish itself from the pack via sourcing at lower cost, merchandising, cost control, and increasing management control.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The company will struggle against a tough macro backdrop, as Census Bureau shows slowing numbers in home furniture and furnishings, coupled with housing cycle and the promotion from other physical & online retailers.
Shares of Williams-Sonoma closed the day at $52, down 0.21 percent.