Wayfair Inc. (NYSE:W) had its price target cut by research analysts at Robert W. Baird from $73.00 to $65.00 in a note issued to investors on Friday. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective suggests a potential downside of 3.70% from the company’s current price.

W has been the topic of a number of other research reports. Ifs Securities started coverage on Wayfair in a report on Friday, September 1st. They set an “outperform” rating and a $85.00 price objective on the stock. Stifel Nicolaus raised Wayfair from a “hold” rating to a “buy” rating and increased their price objective for the company from $75.00 to $78.00 in a report on Friday, August 25th. Cowen and Company reissued a “buy” rating and set a $72.00 price objective (down previously from $82.00) on shares of Wayfair in a report on Wednesday. Wedbush reissued an “outperform” rating and set a $82.00 price objective on shares of Wayfair in a report on Wednesday, October 4th. Finally, Credit Suisse Group lowered their price objective on Wayfair from $78.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $76.01.

Shares of Wayfair (NYSE W) traded down $6.91 during mid-day trading on Friday, reaching $67.50. The company’s stock had a trading volume of 6,132,925 shares, compared to its average volume of 2,634,480. The company has a current ratio of 0.70, a quick ratio of 0.67 and a debt-to-equity ratio of 6.93. Wayfair has a 12 month low of $27.60 and a 12 month high of $84.19.

Wayfair (NYSE:W) last issued its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 505.51% and a negative net margin of 5.06%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the firm posted ($0.54) EPS. The business’s revenue was up 39.1% compared to the same quarter last year. equities research analysts expect that Wayfair will post -2.27 earnings per share for the current fiscal year.

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In other news, insider Edmond Macri sold 600 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $69.49, for a total value of $41,694.00. Following the completion of the transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $69,490. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Steve Oblak sold 400 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.92, for a total value of $31,168.00. Following the completion of the transaction, the senior vice president now directly owns 120,621 shares of the company’s stock, valued at $9,398,788.32. The disclosure for this sale can be found here. Insiders sold a total of 420,752 shares of company stock valued at $29,788,852 in the last quarter. Corporate insiders own 56.93% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC raised its holdings in shares of Wayfair by 2.7% in the 2nd quarter. FMR LLC now owns 7,757,688 shares of the company’s stock worth $596,411,000 after buying an additional 207,443 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock worth $232,857,000 after buying an additional 423,631 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Wayfair by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock worth $130,669,000 after buying an additional 24,027 shares in the last quarter. Allen Investment Management LLC raised its holdings in shares of Wayfair by 25.7% in the 2nd quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock worth $67,654,000 after buying an additional 180,000 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Wayfair by 1.8% in the 1st quarter. State Street Corp now owns 695,502 shares of the company’s stock worth $28,158,000 after buying an additional 12,398 shares in the last quarter. 66.24% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Wayfair (NYSE:W)

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