JP Morgan Maintains Neutral Rating on Williams-Sonoma

A report from J.P. Morgan reiterates its Neutral rating on Williams-Sonoma (NYSE: WSM).

The report states, “WSM reported operating EPS of $0.41 vs. $0.35 LY, compared to $0.40E and consensus of $0.38. DTC revenues increased 9.9% vs. 13.0%E with internet sales growing 15% vs. 29% LY (and at the low end of guidance). Total sales increased 6.3% to $867.2MM, with same-store sales of 6.3%, well above our 2.0%E.”

WSM closed yesterday at $37.56.