Williams-Sonoma Stock: Buy, Sell, or Hold?

Williams-Sonoma (NYSE: WSM) posted its latest earnings report on May 23. For the first quarter of fiscal 2023, which ended on April 30, the home furnishings retailer's revenue dropped 7% year over year to $1.76 billion and missed analysts' expectations by $30 million. Its adjusted EPS fell 25% to $2.64 but still topped estimates by $0.27.

Williams-Sonoma's growth rates were disappointing, but a lot of that disappointment had already been baked into the stock's near-50% decline from its all-time high in November 2021. The stock also trades at just 8 times forward earnings and pays an attractive forward dividend yield of 3.2%. Could it actually be a good stock to own as the bear market drags on?

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Source Fool.com