Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Raymond James Ups Williams-Sonoma to Strong Buy

Raymond James upgraded Williams-Sonoma (WSM) to strong buy from market perform.

Analyst Budd Bugatch says strong, consistent results, continued cost controls, a slight acceleration in plans to expand emerging brands, and the increasingly compelling valuation prompted his upgrade. He notes his and the consensus estimates were 19 cents earnings per share for the second quarter; the retailer posted 23 cents earnings per share. Sales of $690 million were $11.6 million above his estimate.

Bugatch says high same-store sales accounted for $9 million of sale variance, vs. his estimate. Also, a lower-than-forecast selling, general, and administrative expense accounted for the bulk of the earnings upside. He raised his 22 cents third-quarter earnings per share estimate to 23 cents, upped the $1.57 fiscal 2005 (Jan.) estimate to $1.62, and upped the $1.83 fiscal 2006 estimate to $1.86. He set a $40 12-month target.

blog comments powered by Disqus