Wayfair Inc (W) Rating Reiterated by KeyCorp

Wayfair Inc (NYSE:W)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a research report issued to clients and investors on Friday.

Several other equities analysts also recently issued reports on W. DA Davidson reissued a “hold” rating and issued a $60.00 target price on shares of Wayfair in a research report on Friday. Canaccord Genuity reaffirmed a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Credit Suisse Group cut their price target on Wayfair from $78.00 to $69.00 and set a “neutral” rating on the stock in a research report on Friday. Buckingham Research reaffirmed a “buy” rating and set a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. Finally, Citigroup Inc cut their price target on Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $76.54.

Wayfair (W) opened at $67.50 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.93. Wayfair has a 12-month low of $27.60 and a 12-month high of $84.19.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 505.51% and a negative net margin of 5.06%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm earned ($0.54) EPS. The firm’s revenue was up 39.1% on a year-over-year basis. equities analysts predict that Wayfair will post -2.27 EPS for the current year.

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In other news, CFO Michael D. Fleisher sold 4,719 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $82.35, for a total transaction of $388,609.65. Following the completion of the sale, the chief financial officer now owns 50,844 shares in the company, valued at approximately $4,187,003.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Niraj Shah sold 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $76.65, for a total transaction of $4,215,750.00. Following the sale, the chief executive officer now owns 72,630 shares of the company’s stock, valued at approximately $5,567,089.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 420,752 shares of company stock valued at $29,788,852. 56.93% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares during the last quarter. UBS Group AG increased its holdings in shares of Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares during the last quarter. Delta Asset Management LLC TN increased its holdings in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after buying an additional 1,500 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Wayfair during the 1st quarter worth approximately $137,000. Finally, First Mercantile Trust Co. acquired a new stake in Wayfair in the 2nd quarter valued at approximately $138,000. Institutional investors and hedge funds own 66.24% of the company’s stock.

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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