International Strategy & Research Puts in Two Cents on Williams-Sonoma

International Strategy & Investment has published a research report on Williams-Sonoma

reacting to 2Q results. In the report, International Strategy & Investment wrote, "Overall a solid quarter; retail comps a little worse than expected, while margins were better. Direct to Consumer sales grew faster than expected, reaching 45% of sales. Overall guidance was increased, as were margin goals. Full-year expectations were raised for DTC, but lowered for retail." International Strategy & Investment rated Williams Sonoma a BUY with a price target of $40.00. Williams-Sonoma closed Monday at $30.03.