How Williams-Sonoma’s Diverse Product Range Could Offset Larger Home Furnishings Dip, Analyst Says

Telsey Advisory Group analyst Cristina Fernández reiterated Outperform rating on Williams-Sonoma, Inc. (NYSE:WSM), raising the price target to $146 from $135. WSM will report Q2 earnings Wednesday, August 23, before the markets open.

The analyst expects demand for home furnishings to soften further during Williams-Sonoma’s 2Q23 relative to 1Q23, with U.S. Census Bureau data showing a (5.7%) decline YoY in sales at furniture and home furnishings stores.