NEW YORK (TheStreet) -- Williams-Sonoma (WSM) - Get Report stock is declining 0.15% to $52.01 in mid-morning trading on Thursday even though the home products retailer delivered strong financial results for the fiscal 2016 first quarter.

"It's a mistake that the stock is going down," TheStreet's Jim Cramer said on CNBC's "Squawk on the Street" this morning.

"One stock you should buy is Williams-Sonoma," Cramer noted after telling viewers to "please stay away" from Abercrombie & Fitch (ANF).

Cramer explained that the Williams-Sonoma's West Elm brand is known for handling data better than any other retailer. The brand delivered a 19% increase in comparable revenue for the quarter.

"They are one great e-commerce company," Cramer observed.

E-commerce net revenues increased 8.2% to $576 million during the latest quarter, accounting for 52.5% of total revenue.

Separately, Williams-Sonoma has a "hold" rating and a letter grade of C+ at TheStreet Ratings because of the company's revenue growth, attractive valuation levels and good cash flow from operations, which is offset by unimpressive growth in net income and generally disappointing stock performance.

You can view the full analysis from the report here: WSM

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

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