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.
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.
TRADEMARK VIOLATION WARNING: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/28/wayfair-w-given-outperform-rating-at-wedbush.html.
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.
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.