Several other research analysts have also commented on W. Credit Suisse Group assumed coverage on Wayfair in a research report on Wednesday, January 11th. They issued a neutral rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded Wayfair from a sell rating to a hold rating in a research note on Wednesday, January 11th. Canaccord Genuity restated a buy rating on shares of Wayfair in a research note on Tuesday, February 7th. Wedbush raised their target price on Wayfair from $40.00 to $45.00 and gave the company an outperform rating in a research note on Wednesday, February 15th. Finally, Cowen and Company restated an outperform rating and set a $44.00 target price (up from $39.00) on shares of Wayfair in a research note on Wednesday, February 22nd. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $56.82.
Shares of Wayfair (NYSE W) opened at 76.17 on Thursday. Wayfair has a 52 week low of $27.60 and a 52 week high of $76.54. The company’s 50 day moving average price is $62.71 and its 200-day moving average price is $45.51. The stock’s market capitalization is $6.60 billion.
Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.80) by $0.32. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The company had revenue of $960.80 million for the quarter, compared to analyst estimates of $934.84 million. During the same period last year, the company posted ($0.36) earnings per share. The firm’s revenue was up 28.6% compared to the same quarter last year. Equities research analysts predict that Wayfair will post ($1.56) EPS for the current year.
In related news, CEO Niraj Shah sold 12,000 shares of Wayfair stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $40.61, for a total value of $487,320.00. Following the completion of the sale, the chief executive officer now owns 63,099 shares of the company’s stock, valued at approximately $2,562,450.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Champlin Mulliken sold 875 shares of Wayfair stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $40.18, for a total transaction of $35,157.50. Following the completion of the sale, the senior vice president now directly owns 238,922 shares of the company’s stock, valued at approximately $9,599,885.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 405,354 shares of company stock worth $22,283,919. Corporate insiders own 63.94% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. First Personal Financial Services raised its stake in Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock valued at $100,000 after buying an additional 325 shares during the last quarter. UBS Group AG raised its position in Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Wayfair during the first quarter worth $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after buying an additional 247 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new position in Wayfair during the fourth quarter worth $118,000.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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