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Opinions Erin Gibbs
Williams-Sonoma Inc.WSMTOP PICKJun 13, 2016
Erin GibbsStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Late-August they reported a strong quarter--margin growth and earnings and didn't touch their earnings forecast. It's maintained those gains is up 24% for the year. Is watching it, because they just delivered a partnership with Salesforce who will provided united data and AI tools. Likes it overall.
Stockchase DiscoverShe bought into this about a year ago, and sold it a couple of quarters later. When they had those port strikes, the company was struggling with their margins. It is a lot easier to ship boxes of clothing and the supply chain, then it is with furniture. It turned quickly, in terms of the story. They announced new initiatives and a game plan. If there are signals that the story is not playing out, you should cut your losses and get out, which is what she did.
Has done a really good job of building sales on the Internet. As the housing market continues to rebound in the US, this company has a very high-end brand. They get about 50% of sales from e-commerce, and have no debt. It is probably going to be a dogfight over this upcoming holiday season, but at current value, he still thinks it is attractive for the long-term. Dividend yield of 3%. (Analysts’ price target is $49.)
John Petrides(Top Pick Jun 13/16, Down 5.16%) They had a nasty report for third quarter. They had increased competition from Pottery Barn. They are closing stores and increasing their West Elm furniture stores.
Erin Gibbs
US housing sales are really ramping up. Consumer discretionary, especially the retail stocks, have really been beaten up, and this is trading at a good valuation. However, the key thing is that they need to have great online sales. This has one of the strongest online programs. About half their sales come from online sales. Very good growth and very good earnings. Trading at 14X earnings.