Williams-Sonoma Analysts Increase Their Forecasts After Q2 Earnings - Williams-Sonoma (NYSE:WSM)

Williams-Sonoma, Inc. (NYSE:WSM) reported better-than-expected second-quarter earnings.

Williams-Sonoma reported a second-quarter FY23 revenue decline of 12.9% year-over-year to $1.86 billion, missing the consensus of $1.96 billion. Non-GAAP EPS was $3.12, above the consensus of $2.71.

Williams-Sonoma revised FY23 guidance reflecting lower revenue trends. The company expects a revenue decline of 5%-10% versus prior guidance of -3% to +3%, with an operating margin of 15%-16% (prior view 14%-15%).

Williams-Sonoma shares gained 1.3% to trade at $143.81 on Thursday.

These analysts made changes to their price targets on Williams-Sonoma following earnings announcement.

Telsey Advisory Group raised the price target on Williams-Sonoma from $146 to $170. Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating.
B of A Securities boosted the price target on Williams-Sonoma from $108 to $146. B of A Securities analyst Elizabeth Suzuki upgraded the stock from Underperform to Neutral.
Barclays increased the price target on Williams-Sonoma from $115 to $123. Barclays analyst Adrienne Yih maintained an Underweight rating.
Wedbush increased the price target on Williams-Sonoma from $120 to $150. Wedbush analyst Seth Basham maintained a Neutral rating.
Morgan Stanley boosted the price target on Williams-Sonoma from $100 to $125. Morgan Stanley analyst Simeon Gutman maintained an Underweight rating.

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WSMWilliams-Sonoma Inc

$227.52-0.39%

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