Wayfair (W) Receives “Buy” Rating from Cowen

Wayfair (NYSE:W)‘s stock had its “buy” rating reaffirmed by analysts at Cowen in a report issued on Friday.

Other equities research analysts also recently issued reports about the company. Wedbush reiterated an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Canaccord Genuity restated a “buy” rating and set a $90.00 price objective on shares of Wayfair in a report on Sunday, October 1st. Piper Jaffray Companies set a $89.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Sunday, October 1st. Finally, DA Davidson restated a “hold” rating and set a $60.00 price objective on shares of Wayfair in a report on Friday, November 3rd. Twelve investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $77.64.

Shares of Wayfair (NYSE:W) opened at $85.58 on Friday. The company has a market capitalization of $7,516.49, a PE ratio of -34.23 and a beta of 0.96. 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 twelve month low of $35.36 and a twelve month high of $88.06.

Wayfair (NYSE:W) last announced its earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The company’s revenue was up 39.1% on a year-over-year basis. During the same period last year, the business posted ($0.54) EPS. research analysts predict that Wayfair will post -2.78 earnings per share for the current year.

In other news, insider Edmond Macri sold 1,571 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $70.03, for a total value of $110,017.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO John Champlin Mulliken sold 4,809 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $76.40, for a total value of $367,407.60. Following the completion of the sale, the chief technology officer now owns 51,384 shares of the company’s stock, valued at $3,925,737.60. The disclosure for this sale can be found here. Insiders sold a total of 58,271 shares of company stock valued at $4,218,216 over the last quarter. Company insiders own 56.93% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in W. BNP Paribas Arbitrage SA boosted its position in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares during the period. Delta Asset Management LLC TN boosted its position in Wayfair by 375.0% during the 3rd 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 period. Advisors Asset Management Inc. boosted its position in Wayfair by 1,512.5% during the 3rd 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 period. Mohican Financial Management LLC acquired a new position in Wayfair during the 3rd quarter valued at approximately $194,000. Finally, Stifel Financial Corp acquired a new position in Wayfair during the 3rd quarter valued at approximately $223,000. Institutional investors and hedge funds own 66.73% of the company’s stock.

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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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