Wayfair Inc. (W) Receives Average Rating of “Buy” from Brokerages
Wayfair Inc. (NYSE:W) has earned a consensus rating of “Buy” from the twenty-three research firms that are covering the firm, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $75.01.
W has been the subject of a number of research analyst reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $88.00 target price on shares of Wayfair in a report on Wednesday. DA Davidson initiated coverage on Wayfair in a report on Wednesday. They issued a “neutral” rating and a $78.00 target price for the company. BidaskClub lowered Wayfair from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Robert W. Baird reissued a “neutral” rating on shares of Wayfair in a report on Monday, July 3rd.
In related news, CEO Niraj Shah sold 50,850 shares of Wayfair stock in a transaction on Monday, June 19th. The stock was sold at an average price of $73.88, for a total transaction of $3,756,798.00. Following the transaction, the chief executive officer now directly owns 81,819 shares in the company, valued at $6,044,787.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO James Savarese sold 21,663 shares of Wayfair stock in a transaction on Monday, August 7th. The shares were sold at an average price of $80.32, for a total value of $1,739,972.16. Following the transaction, the chief operating officer now owns 533,821 shares in the company, valued at $42,876,502.72. The disclosure for this sale can be found here. Insiders have sold 903,962 shares of company stock worth $66,612,893 over the last quarter. 56.93% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in 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 during the period. First Personal Financial Services raised its holdings in 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 during the period. BNP Paribas Arbitrage SA raised its holdings in 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 during the period. Nationwide Fund Advisors raised its holdings in 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 during the period. Finally, Pacer Advisors Inc. raised its holdings in 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 during the period.
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Shares of Wayfair (W) traded down 0.59% on Friday, hitting $79.76. The company had a trading volume of 1,637,377 shares. The firm’s 50 day moving average price is $73.18 and its 200-day moving average price is $61.24. The stock’s market capitalization is $6.95 billion. Wayfair has a 52 week low of $27.60 and a 52 week high of $83.36.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative return on equity of 335.44% and a negative net margin of 5.10%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company earned ($0.43) EPS. The firm’s revenue for the quarter was up 42.7% on a year-over-year basis. Analysts forecast that Wayfair will post ($1.45) earnings per share for the current fiscal year.
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.
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