Wayfair (W) Given Outperform Rating at Wedbush

Wedbush restated their outperform rating on shares of Wayfair (NYSE:W) in a research note published on Wednesday morning.

A number of other analysts have also recently weighed in on the company. Ifs Securities started coverage on Wayfair in a research report on Friday, September 1st. They set an outperform rating and a $85.00 price objective for the company. Gordon Haskett raised Wayfair from an accumulate rating to a buy rating and set a $89.00 price objective for the company in a research report on Tuesday, September 5th. Piper Jaffray Companies reaffirmed a buy rating and set a $89.00 price objective on shares of Wayfair in a research report on Friday, September 8th. Oppenheimer reaffirmed a buy rating and set a $88.00 price objective on shares of Wayfair in a research report on Wednesday, September 13th. Finally, DA Davidson started coverage on Wayfair in a research report on Wednesday, September 13th. They set a neutral rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $76.22.

Wayfair (W) opened at $81.10 on Wednesday. The stock has a market capitalization of $7,140.00, a PE ratio of -32.57 and a beta of 0.96. Wayfair has a 1 year low of $34.30 and a 1 year high of $84.19. 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 (NYSE:W) last announced its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business’s revenue was up 39.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.54) EPS. equities research analysts predict that Wayfair will post -2.64 earnings per share for the current year.

In other Wayfair news, CEO Niraj Shah sold 1,214 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.22, for a total transaction of $86,461.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Steve Oblak sold 406 shares of the firm’s stock in a transaction on Monday, October 16th. The stock was 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. Insiders sold a total of 58,996 shares of company stock valued at $4,234,004 over the last ninety days. 56.93% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Utah Retirement Systems acquired a new stake in shares of Wayfair during the second quarter worth $539,000. Old Mutual Global Investors UK Ltd. acquired a new position in Wayfair in the second quarter valued at $738,000. Baillie Gifford & Co. boosted its holdings in Wayfair by 5.7% in the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after acquiring an additional 102,460 shares during the last quarter. Maverick Capital Ltd. acquired a new position in Wayfair in the second quarter valued at $4,015,000. Finally, State of Wisconsin Investment Board acquired a new position in Wayfair in the second quarter valued at $588,000. Institutional investors and hedge funds own 66.73% of the company’s stock.

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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.

Analyst Recommendations for Wayfair (NYSE:W)

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