Wayfair (W) Earns Hold Rating from Citigroup

Wayfair (NYSE:W)‘s stock had its “hold” rating reaffirmed by equities research analysts at Citigroup in a research report issued on Friday. They currently have a $80.00 target price on the stock. Citigroup’s price target suggests a potential upside of 0.88% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Wedbush reaffirmed an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. DA Davidson began coverage on shares of Wayfair in a research note on Wednesday, September 13th. They issued a “neutral” rating and a $78.00 price objective on the stock. Oppenheimer reaffirmed a “buy” rating and issued a $88.00 price objective on shares of Wayfair in a research note on Wednesday, September 13th. Bank of America lowered shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price objective on the stock. in a research note on Wednesday. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Wayfair in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have issued a buy rating to the company’s stock. Wayfair presently has an average rating of “Buy” and a consensus target price of $77.64.

Wayfair (NYSE W) traded up $0.85 on Friday, reaching $79.30. 1,202,300 shares of the company’s stock were exchanged, compared to its average volume of 1,980,500. Wayfair has a 52-week low of $35.36 and a 52-week high of $84.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. The company has a market cap of $7,020.00, a price-to-earnings ratio of -31.85 and a beta of 0.96.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. 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 company’s quarterly revenue was up 39.1% on a year-over-year basis. research analysts expect that Wayfair will post -2.64 EPS for the current fiscal year.

In other Wayfair news, CEO Niraj Shah sold 1,214 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $71.22, for a total transaction of $86,461.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Edmond Macri sold 796 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $79.87, for a total transaction of $63,576.52. Following the transaction, the insider now owns 1,000 shares of the company’s stock, valued at approximately $79,870. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,571 shares of company stock valued at $4,229,190. 56.93% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in W. BNP Paribas Arbitrage SA raised its stake in Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares in the last quarter. Delta Asset Management LLC TN grew its position in shares of 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 buying an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of Wayfair by 1,512.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after buying an additional 2,178 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Wayfair during the 2nd quarter worth $249,000. Finally, Verition Fund Management LLC bought a new stake in Wayfair during the second quarter valued at about $251,000. 66.73% of the stock is currently owned by hedge funds and other institutional investors.

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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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