Analyst Applauds Williams-Sonoma's SG&A Management Amid Sluggish 1Q23 Sales
Portfolio Pulse from Shivani Kumaresan
Telsey Advisory analyst Cristina Fernandez reiterated an Outperform rating on Williams-Sonoma Inc (NYSE:WSM) with a price target of $135. Despite sluggish 1Q23 sales, the company managed SG&A costs tightly through lower advertising and workforce reduction, exceeding operating margin and EPS expectations.
May 23, 2023 | 6:26 pm
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Williams-Sonoma exceeded operating margin and EPS expectations in 1Q23 despite sluggish sales, thanks to tight SG&A management. Telsey Advisory analyst maintains Outperform rating with a $135 price target.
The article highlights that Williams-Sonoma managed to exceed operating margin and EPS expectations despite sluggish sales, which is a positive sign for the company. The analyst's reiteration of an Outperform rating and a price target of $135 indicates confidence in the company's ability to perform well in the future. This news is likely to have a positive short-term impact on WSM's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100