Wayfair Inc. (W) Stock Rating Reaffirmed by Piper Jaffray Companies
Wayfair Inc. (NYSE:W)‘s stock had its “buy” rating reiterated by investment analysts at Piper Jaffray Companies in a report issued on Friday.
Several other equities research analysts have also recently weighed in on W. Canaccord Genuity restated a “buy” rating on shares of Wayfair in a research report on Tuesday, August 8th. Buckingham Research restated a “buy” rating and issued a $95.00 price target on shares of Wayfair in a research report on Thursday, August 10th. BidaskClub lowered shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Credit Suisse Group lifted their price objective on shares of Wayfair from $75.00 to $78.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus raised shares of Wayfair from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $75.00 to $78.00 in a research note on Friday, August 25th. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $70.75.
Wayfair (W) traded up 4.65% during mid-day trading on Friday, reaching $77.23. 2,053,366 shares of the company were exchanged. Wayfair has a one year low of $27.60 and a one year high of $82.19. The stock has a 50 day moving average of $72.74 and a 200-day moving average of $59.68. The stock’s market capitalization is $6.73 billion.
Wayfair (NYSE:W) last released its earnings results on Tuesday, August 8th. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The firm’s revenue was up 42.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.43) EPS. On average, equities analysts expect that Wayfair will post ($1.45) earnings per share for the current fiscal year.
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In other Wayfair news, insider Steven Conine sold 55,000 shares of the business’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $76.63, for a total value of $4,214,650.00. Following the completion of the transaction, the insider now directly owns 55,000 shares in the company, valued at $4,214,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Romero Rodrigues sold 374 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $76.21, for a total transaction of $28,502.54. Following the completion of the transaction, the director now owns 9,809 shares of the company’s stock, valued at $747,543.89. The disclosure for this sale can be found here. Insiders sold 922,522 shares of company stock valued at $67,930,779 over the last 90 days. 56.93% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in shares of Wayfair by 9.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after acquiring an additional 247 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Wayfair by 12.8% during the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after acquiring an additional 317 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after acquiring an additional 667 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Wayfair by 2.1% during the first quarter. Nationwide Fund Advisors now owns 33,721 shares of the company’s stock valued at $1,365,000 after acquiring an additional 709 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of Wayfair by 18.9% during the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock valued at $377,000 after acquiring an additional 779 shares in the last quarter.
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.
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