Wayfair Inc. (NYSE:W) CFO Sells $355,439.04 in Stock

Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 4,656 shares of the company’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $76.34, for a total value of $355,439.04. Following the transaction, the chief financial officer now owns 40,769 shares of the company’s stock, valued at $3,112,305.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wayfair Inc. (NYSE W) opened at 66.87 on Friday. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $82.19. The company’s 50 day moving average price is $74.83 and its 200-day moving average price is $56.94. The company’s market capitalization is $5.83 billion.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.43. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.43) EPS. Equities analysts forecast that Wayfair Inc. will post ($1.46) earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. NJ State Employees Deferred Compensation Plan acquired a new position in Wayfair during the first quarter worth about $445,000. Ameriprise Financial Inc. acquired a new position in Wayfair during the first quarter worth about $1,650,000. Pacer Advisors Inc. increased its position in Wayfair by 45.6% in the first quarter. Pacer Advisors Inc. now owns 4,124 shares of the company’s stock worth $167,000 after buying an additional 1,292 shares in the last quarter. Clough Capital Partners L P increased its position in Wayfair by 46.1% in the first quarter. Clough Capital Partners L P now owns 318,664 shares of the company’s stock worth $11,716,000 after buying an additional 100,482 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Wayfair by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,060 shares of the company’s stock worth $493,000 after buying an additional 140 shares in the last quarter.

A number of analysts have weighed in on the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a report on Saturday, July 1st. Canaccord Genuity reaffirmed a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. Wolfe Research reaffirmed an “outperform” rating on shares of Wayfair in a research note on Wednesday, August 9th. Finally, Buckingham Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Wayfair in a research note on Thursday, August 10th. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Wayfair currently has a consensus rating of “Buy” and a consensus price target of $69.15.

About Wayfair

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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