Williams-Sonoma price target lowered to $185 from $205 at Loop Capital

Loop Capital lowered the firm’s price target on Williams-Sonoma to $185 from $205 but keeps a Buy rating on the shares after its Q4 results. The company’s top-line slowdown was predictable from the perspective given the growing US macroeconomic headwinds, even though the management’s ability to maintain a lofty operating margin in spite of the net revenue decline was "encouraging", the analyst tells investors in a research note. Williams-Sonoma’s increased quarterly cash dividend and expanded share repurchase program also highlight the highly cash generative nature of its business, Loop Capital states.