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RH

RH

$159.20

5.68 (3.70%)

, WSM

Williams-Sonoma

$68.63

-0.17 (-0.25%)

06:30
08/29/18
08/29
06:30
08/29/18
06:30

RH Q2 may outperform after strong Williams-Sonoma results, says Loop Capital

Loop Capital analyst Anthony Chukumba kept his Buy rating and $175 price target on RH (RH) ahead of its Q2 earnings next week, saying the better than expected results in the quarter from Williams-Sonoma (WSM) is a positive harbinger for the company. The analyst expects investors to focus on RH's "comparable brand revenue growth, Q3 guidance, recent senior executive departures, and early results from the recently opened next-generation design galleries".

RH

RH

$159.20

5.68 (3.70%)

WSM

Williams-Sonoma

$68.63

-0.17 (-0.25%)

  • 04

    Sep

  • 05

    Sep

RH RH
$159.20

5.68 (3.70%)

06/21/18
KEYB
06/21/18
NO CHANGE
KEYB
Supreme Court ruling negative for Wayfair, eBay and Etsy, says KeyBanc
After the Supreme Court ruled that states can require online merchants to collect sales taxes, KeyBanc analyst Edward Yruma called the ruling a negative for Wayfair (W), arguing that it may reduce some of the price differential that has helped it gain share from traditional peers. The ruling is also a negative, but to a lesser degree, for eBay (EBAY) and Etsy (ETSY), said Yruma, who views the impact on those two as more related to compliance and implementation. He adds that the news could be a modest positive for retailers of high-ticket and branded products, such as Best Buy (BBY), Home Depot (HD), Lowe's (LOW), La-Z-Boy (LZB), Kirkland's (KIRK), RH (RH) and Williams-Sonoma (WSM).
07/03/18
LOOP
07/03/18
NO CHANGE
Target $175
LOOP
Buy
RH price target raised to $175 from $160 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target on RH to $175 and kept his Buy rating, citing the company's ability to issue debt with no cash interest cost after the completion of its $335M convertible note offering. The analyst says this shows investors' confidence in RH's long term growth prospects, assigning a higher PE multiple in his model to account for increased market bullishness. Chukumba adds that RH is trading at 20.1-times this year's expected earnings, which is a discount to its historical average levels.
08/28/18
GDHS
08/28/18
UPGRADE
GDHS
Accumulate
RH upgraded to Accumulate from Hold at Gordon Haskett
08/28/18
08/28/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. RH (RH) upgraded to Accumulate from Hold at Gordon Haskett. 2. Estee Lauder (EL) and Coty (COTY) upgraded to Overweight from Equal Weight at Morgan Stanley. 3. First Business Financial (FBIZ) upgraded to Buy from Neutral at DA Davidson with analyst Kevin Reevey saying the current trading level on the stock presents an attractive entry point after its 10% month-to-date decline and a 19% retreat from its 52-week highs. 4. Regency Centers (REG) upgraded to Buy from Hold at Deutsche Bank with analyst Derek Johnston saying "clear signs" of a retail recovery has fueled the rally in strip real estate investment trusts in recent weeks. 5. Affimed N.V. (AFMD) upgraded to Buy from Hold at Jefferies with analyst Maury Raycroft saying its collaboration with Roche Group's (RHHBY) Genentech to develop and commercialize novel NK cell engagers indicate the intrinsic value in Affimed's platform and approach. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
WSM Williams-Sonoma
$68.63

-0.17 (-0.25%)

08/23/18
LOOP
08/23/18
NO CHANGE
Target $65
LOOP
Hold
Williams-Sonoma price target raised to $65 from $58 at Loop Capital
Loop Capital analyst Anthony Chukumba raised his price target on Williams-Sonoma to $65, saying its recent momentum has continued in its Q2 results with comparable brand revenue up 4.6% and gross margins rising 130bps. The analyst adds he was "pleased" that the management also raised its guidance for the 2nd time this year, even though the company is facing more challenging comps in the second half. Chukumba is keeping his Hold rating on Williams-Sonoma to reflect its current valuation.
08/23/18
FBCO
08/23/18
NO CHANGE
Target $55
FBCO
Underperform
Williams-Sonoma price target raised to $55 from $48 at Credit Suisse
Credit Suisse analyst Seth Sigman raised his price target for Williams-Sonoma to $55 from $48 saying headline adjusted results were better, with a 9c EPS beat, healthy comps, and higher gross margin, which he expects to send the stock up initially. However, the analyst notes that retail comps included a 40 bps benefit from accelerated revenue recognition, and profitability does not appear to be as strong on an apples-to-apples basis. He reiterates an Underperform rating on the shares.
08/23/18
RBCM
08/23/18
NO CHANGE
Target $67
RBCM
Sector Perform
Williams-Sonoma price target raised to $67 from $61 at RBC Capital
RBC Capital analyst Scot Ciccarelli raised his price target on Williams-Sonoma to $67 after its "solid" Q2 marked a beat for the second consecutive quarter. The analyst notes that the gross margins were particularly encouraging, but he remains concerned about its longer-term margin structure. Ciccarelli also keeps his Sector Perform rating on Williams-Sonoma in spite of its modest valuation, stating that margins will remain under pressure because of the competition around pricing and free shipping.
08/27/18
ARGS
08/27/18
NO CHANGE
Target $80
ARGS
Buy
Williams-Sonoma price target raised to $80 from $67 at Argus
Argus analyst Chris Graja raised his price target on Williams-Sonoma to $80 and kept his Buy rating after its Q2 earnings beat. The analyst notes that the company's West Elm segment continued to make "a strong connection with millennial-generation shoppers", growing sales 9.5% after a 10.1% growth in last year's Q2 while also making inroads in its social media presence. Graja is also positive on Williams-Sonoma's valuation, saying the 14-times forward EBIT multiple for the next 12 months - which would still be below the peers' 14.6-times in the home products retail business - would value the shares around $82 in one year. The analyst is still concerned over the near term headwinds on the stock from any potential impact of U.S.-China trade tariffs.

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