Bridgeway Capital Management Inc. Acquires Shares of 28,900 Wayfair Inc (W)

Bridgeway Capital Management Inc. acquired a new position in shares of Wayfair Inc (NYSE:W) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 28,900 shares of the company’s stock, valued at approximately $4,268,000.

Several other hedge funds have also recently modified their holdings of W. Blair William & Co. IL acquired a new position in shares of Wayfair during the 3rd quarter worth approximately $267,000. Homrich & Berg raised its position in shares of Wayfair by 85.6% during the 3rd quarter. Homrich & Berg now owns 14,840 shares of the company’s stock worth $2,191,000 after purchasing an additional 6,845 shares during the last quarter. Northeast Investment Management raised its position in shares of Wayfair by 6.9% during the 3rd quarter. Northeast Investment Management now owns 21,686 shares of the company’s stock worth $3,202,000 after purchasing an additional 1,401 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Wayfair by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 229,811 shares of the company’s stock worth $33,932,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in shares of Wayfair during the 3rd quarter worth approximately $2,154,000. 70.89% of the stock is currently owned by institutional investors.

Shares of NYSE W opened at $106.20 on Friday. Wayfair Inc has a 52-week low of $60.53 and a 52-week high of $151.20. The firm has a market cap of $9.52 billion, a PE ratio of -37.93 and a beta of 1.84.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, November 1st. The company reported ($1.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.09) by ($0.19). The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same period in the previous year, the company earned ($0.65) earnings per share. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. As a group, sell-side analysts predict that Wayfair Inc will post -5.64 earnings per share for the current fiscal year.

In other news, insider Edmond Macri sold 600 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $135.01, for a total transaction of $81,006.00. Following the completion of the sale, the insider now directly owns 500 shares of the company’s stock, valued at approximately $67,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Steve Oblak sold 227 shares of the business’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $149.29, for a total transaction of $33,888.83. Following the sale, the insider now directly owns 113,908 shares of the company’s stock, valued at $17,005,325.32. The disclosure for this sale can be found here. Insiders have sold a total of 401,469 shares of company stock valued at $53,740,613 over the last three months. Corporate insiders own 37.75% of the company’s stock.

Several research firms have commented on W. Loop Capital lifted their target price on shares of Wayfair to $160.00 and gave the stock a “buy” rating in a research note on Monday, October 8th. Wolfe Research lowered their target price on shares of Wayfair from $143.00 to $135.00 and set an “outperform” rating for the company in a research note on Friday, November 2nd. Robert W. Baird lowered their target price on shares of Wayfair from $118.00 to $108.00 and set a “neutral” rating for the company in a research note on Friday, November 2nd. Zacks Investment Research cut shares of Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $140.00 target price on shares of Wayfair in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $126.06.

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Wayfair Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.

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Institutional Ownership by Quarter for Wayfair (NYSE:W)

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