1. Home
  2. Upgrades
  3. Williams-Sonoma Commands ‘Some Of The Highest Margins In Retail,’ Analyst Says

Williams-Sonoma Commands ‘Some Of The Highest Margins In Retail,’ Analyst Says

6
0

Williams-Sonoma, Inc. (NYSE: WSM) reported Wednesday upbeat earnings for its fourth quarter.

The San Francisco-based company was able to sustain higher margins and delivered better-than-expected fourth quarter results and guidance for 2024, according to Goldman Sachs.

The Williams-Sonoma Analyst: Kate McShane upgraded the rating from Sell to Neutral, while rating the price target from $154 to $263.

The Williams-Sonoma Thesis: Despite negative comps, Williams-Sonoma generated better margins “by managing promotions and benefiting from freight costs, which offset deleverage,” McShane said.

Check out …

Full story available on Benzinga.com

Visited 6 times, 1 visit(s) today