Williams Sonoma Announces Share Repurchase Program

In a recent report from Goldman Sachs, Williams Sonoma WSM announced a share repurchase program after completing its previous $60 million authorization in 3Q2010. Goldman Sachs is raising its buyback assumption for the rest of the year to reflect recent repurchases and the expectation is that the new program will be completed by years end. Goldman is now forecasting 2H2010 share repurchases of $81 million, which includes the $16 million from the proir program bought back in 3Q as well as the new $65 million vs. the previous estimate of $40 million. According to Goldman, the firm's execution remains stellar and therefore remain Neutral-rated as revenue growth is decelerating, a virtual inevitability, given lofty recent growth rates and tough compares, which will be a challenge for share price performance. Williams Sonoma is currently trading flat on the day at $30 The Futures & Forex Expo is approaching. Learn Free Money-Making Strategies to Use Now