NEW YORK (MarketWatch) — Retail stocks were mixed Monday after luxury jewelry retailer Tiffany & Co. missed and home-furnishing maker Williams-Sonoma beat analyst estimates for fourth-quarter profit.

The S&P Retail Index (RLX 448.40, +2.92, +0.66%) was up 0.1% to 446.03.

Tiffany (TIF 45.65, -1.61, -3.40%) shares fell 4.3%. The jewelry retailer said that its fourth-quarter profit more than quadrupled after resurgent, upscale shoppers helped to lift demand for most product categories at various prices across the U.S., Asia and Europe.

Still, profit fell short of Wall Street expectations as the company paid bonuses that were curtailed a year earlier and its wholesale sales of rough diamonds hurt gross margins. See full story on Tiffany.

Williams-Sonoma (WSM 26.50, +2.36, +9.78%) rose 7.5% after it said that its fourth-quarter profit surged more than expected as it controlled inventory and expenses, and consumers resumed their appetite for home furnishings products and kitchen gadgets.

The parent of Pottery Barn and its namesake stores also raised its quarterly cash dividend by 8.3% to 13 cents a share. See full story on Williams-Sonoma.

OfficeMax Inc. (OMX 16.36, -0.36, -2.15%) shares fell 2% after Goldman Sachs cut the office-supplies retailer to neutral from buy. Goldman analyst Matthew Fassler believes OfficeMax is still well-positioned, in part as corporate spending picks up. However, the broker added that the upside is now limited after a 46% gain for the stock since the end of October when he last upgraded the stock, compared to a 17% gains for the retail sector.

Dollar Tree Inc. (DLTR 59.11, +2.69, +4.77%) shares rose 2.6%. The discount retailer said it entered into an agreement with Bank of America to repurchase approximately $200 million of its shares under an accelerated share repurchase program.

Andria Cheng is a MarketWatch reporter based in New York.

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