Wayfair’s (W) Hold Rating Reaffirmed at KeyCorp
Wayfair Inc (NYSE:W)‘s stock had its “hold” rating reissued by stock analysts at KeyCorp in a report issued on Friday.
A number of other research firms also recently issued reports on W. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $88.00 target price on shares of Wayfair in a research report on Wednesday, September 13th. DA Davidson began coverage on shares of Wayfair in a research report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 target price on the stock. BidaskClub downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $87.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Buckingham Research restated a “buy” rating and set a $95.00 target price (up from $72.00) on shares of Wayfair in a research report on Thursday, July 13th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $76.01.
Wayfair (W) traded down $6.91 during trading on Friday, reaching $67.50. 6,132,925 shares of the company’s stock were exchanged, compared to its average volume of 2,634,480. The company has a debt-to-equity ratio of 6.93, a quick ratio of 0.67 and a current ratio of 0.70. Wayfair has a 52 week low of $27.60 and a 52 week high of $84.19.
Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 505.51%. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company posted ($0.54) EPS. The company’s revenue was up 39.1% compared to the same quarter last year. analysts forecast that Wayfair will post -2.27 earnings per share for the current year.
In other Wayfair news, insider John Champlin Mulliken sold 941 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $62.37, for a total transaction of $58,690.17. Following the completion of the transaction, the insider now owns 1,000 shares of the company’s stock, valued at approximately $62,370. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edmond Macri sold 600 shares of the company’s 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 transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at approximately $69,490. The disclosure for this sale can be found here. Over the last three months, insiders have sold 420,752 shares of company stock valued at $29,788,852. 56.93% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its position in Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the last quarter. UBS Group AG boosted its position in Wayfair by 55.5% during the 1st quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after acquiring an additional 960 shares during the last quarter. Delta Asset Management LLC TN boosted its position in Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after acquiring an additional 1,500 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Wayfair during the 1st quarter worth approximately $137,000. Finally, First Mercantile Trust Co. acquired a new position in Wayfair during the 2nd quarter worth approximately $138,000. 66.24% of the stock is owned by hedge funds and other institutional investors.
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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