Wayfair Inc. (W) Rating Reiterated by Wolfe Research

Wayfair Inc. (NYSE:W)‘s stock had its “outperform” rating restated by investment analysts at Wolfe Research in a report issued on Wednesday, August 9th.

W has been the topic of a number of other reports. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Friday, July 28th. Oppenheimer Holdings, Inc. set a $88.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Friday, August 4th. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating and upped their target price for the company from $70.00 to $85.00 in a research report on Tuesday, June 27th. CIBC upgraded shares of Wayfair from a “market perform” rating to an “outperform” rating in a research report on Friday, June 2nd. Finally, Maxim Group restated a “buy” rating and set a $53.00 target price (up from $45.00) on shares of Wayfair in a research report on Tuesday, May 2nd. Ten research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $69.15.

Shares of Wayfair (NYSE W) traded down 0.30% during trading on Wednesday, hitting $66.87. 1,192,729 shares of the stock were exchanged. Wayfair has a 12-month low of $27.60 and a 12-month high of $82.19. The stock’s market cap is $5.83 billion. The stock’s 50 day moving average is $74.83 and its 200-day moving average is $56.94.

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

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In related news, Director Romero Rodrigues sold 374 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $76.21, for a total value of $28,502.54. Following the completion of the transaction, the director now directly owns 9,809 shares of the company’s stock, valued at $747,543.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Michael D. Fleisher sold 4,634 shares of Wayfair stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $62.01, for a total transaction of $287,354.34. Following the transaction, the chief financial officer now directly owns 50,532 shares of the company’s stock, valued at $3,133,489.32. The disclosure for this sale can be found here. Insiders have sold a total of 882,213 shares of company stock valued at $64,889,128 over the last ninety days. Company insiders own 63.94% of the company’s stock.

Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Wayfair during the second quarter worth $138,000. First Personal Financial Services increased 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 worth $100,000 after buying an additional 325 shares in the last quarter. UBS Group AG increased its stake 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. Finally, CIBC Asset Management Inc purchased a new stake in Wayfair during the second quarter worth $208,000.

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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