Wayfair Inc (W) Director Sells $10,816.25 in Stock

Wayfair Inc (NYSE:W) Director Romero Rodrigues sold 125 shares of Wayfair stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $86.53, for a total transaction of $10,816.25. Following the sale, the director now directly owns 10,495 shares of the company’s stock, valued at approximately $908,132.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wayfair Inc (NYSE W) traded up $1.06 during midday trading on Thursday, reaching $85.56. 989,800 shares of the company’s stock traded hands, compared to its average volume of 1,422,264. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair Inc has a fifty-two week low of $35.36 and a fifty-two week high of $88.06. The stock has a market capitalization of $7,510.00, a price-to-earnings ratio of -34.36 and a beta of 0.96.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its holdings in Wayfair by 8.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 128,719 shares of the company’s stock worth $10,333,000 after purchasing an additional 9,919 shares during the last quarter. Sterling Capital Management LLC purchased a new position in Wayfair in the third quarter worth $1,503,000. DF Dent & Co. Inc. grew its holdings in Wayfair by 19.1% in the third quarter. DF Dent & Co. Inc. now owns 8,391 shares of the company’s stock worth $566,000 after purchasing an additional 1,343 shares during the last quarter. California Public Employees Retirement System grew its holdings in Wayfair by 4.9% in the third quarter. California Public Employees Retirement System now owns 119,341 shares of the company’s stock worth $8,044,000 after purchasing an additional 5,541 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its holdings in Wayfair by 440.7% in the third quarter. Cubist Systematic Strategies LLC now owns 20,287 shares of the company’s stock worth $1,367,000 after purchasing an additional 16,535 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have recently weighed in on W. Cowen reaffirmed a “buy” rating on shares of Wayfair in a research note on Friday, January 12th. Wedbush reaffirmed an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. Bank of America downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price target for the company. in a research note on Wednesday, January 3rd. Zacks Investment Research raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Citigroup reissued a “hold” rating and set a $80.00 price objective on shares of Wayfair in a report on Friday, January 5th. Twelve investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Wayfair currently has a consensus rating of “Buy” and an average price target of $77.64.

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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.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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