Wayfair Inc. (W) Given Consensus Recommendation of “Buy” by Brokerages

Wayfair Inc. (NYSE:W) has earned an average recommendation of “Buy” from the twenty-six ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $75.57.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price objective on shares of Wayfair from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Piper Jaffray Companies reissued a “buy” rating and set a $89.00 price objective on shares of Wayfair in a report on Wednesday, December 13th. Moffett Nathanson began coverage on Wayfair in a research report on Monday, December 4th. They set a “buy” rating for the company. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Wedbush dropped their price objective on Wayfair from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd.

In related news, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $71.51, for a total transaction of $42,906.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at $35,755. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steve Oblak sold 406 shares of Wayfair stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $71.33, for a total value of $28,959.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,596 shares of company stock valued at $4,276,910. 56.93% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of W. BNP Paribas Arbitrage SA raised its position in shares of Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares in the last quarter. Delta Asset Management LLC TN boosted its holdings in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after purchasing an additional 2,178 shares during the last quarter. Mohican Financial Management LLC purchased a new stake in Wayfair in the third quarter valued at $194,000. Finally, Aperio Group LLC purchased a new stake in Wayfair in the second quarter valued at $217,000. 66.73% of the stock is currently owned by institutional investors and hedge funds.

Wayfair (NYSE W) traded up $0.64 on Monday, reaching $79.53. 1,429,600 shares of the company’s stock traded hands, compared to its average volume of 1,541,303. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. Wayfair has a 12 month low of $34.30 and a 12 month high of $84.19. The stock has a market capitalization of $6,990.00, a P/E ratio of -31.94 and a beta of 0.96.

Wayfair (NYSE:W) last announced its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.54) earnings per share. equities research analysts anticipate that Wayfair will post -2.64 EPS for the current year.

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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.

Analyst Recommendations for Wayfair (NYSE:W)

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