Wayfair (NYSE:W) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Wayfair is well positioned in the home automation retail market. Its high revenues and strong metrics growth is a big positive. The management remains confident about growth in markets, namely, Canada, U.K. and Germany as the company has made efforts to expand its house-brand offerings in these countries. However, we remain concerned about increasing advertising expenditure and its impact on profitability. Unhealthy competition and high vulnerability to exchange rate volatility also remain concerns. In past 12 months, the stock has outperformed the industry it belongs to.”

Several other equities analysts have also recently commented on W. Piper Jaffray Companies reissued a “buy” rating and issued a $89.00 price target on shares of Wayfair in a research report on Friday, September 8th. Oppenheimer reissued a “buy” rating and issued a $88.00 price target on shares of Wayfair in a research report on Wednesday, September 13th. DA Davidson initiated coverage on shares of Wayfair in a research report on Wednesday, September 13th. They issued a “neutral” rating and a $78.00 price target for the company. Robert W. Baird reissued a “hold” rating and issued a $73.00 price target on shares of Wayfair in a research report on Thursday, September 28th. Finally, KeyCorp reissued a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Wayfair currently has an average rating of “Buy” and a consensus price target of $77.64.

Shares of Wayfair (NYSE:W) traded up $1.45 during mid-day trading on Friday, reaching $80.75. 1,245,983 shares of the company’s stock traded hands, compared to its average volume of 1,400,000. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair has a 52 week low of $35.36 and a 52 week high of $84.19. The stock has a market cap of $7,090.00, a PE ratio of -32.43 and a beta of 0.96.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted ($0.54) EPS. The firm’s revenue was up 39.1% compared to the same quarter last year. sell-side analysts predict that Wayfair will post -2.64 earnings per share for the current fiscal year.

In related news, COO James Savarese sold 1,216 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $71.27, for a total value of $86,664.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edmond Macri sold 5,043 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $76.50, for a total transaction of $385,789.50. Following the completion of the sale, the insider now directly owns 125,586 shares of the company’s stock, valued at $9,607,329. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,571 shares of company stock valued at $4,229,190. Corporate insiders own 56.93% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in W. Utah Retirement Systems acquired a new position in Wayfair in the second quarter valued at $539,000. Old Mutual Global Investors UK Ltd. acquired a new position in Wayfair in the second quarter valued at $738,000. Baillie Gifford & Co. increased its stake in Wayfair by 5.7% in the second quarter. Baillie Gifford & Co. now owns 1,914,674 shares of the company’s stock valued at $147,200,000 after purchasing an additional 102,460 shares during the period. Maverick Capital Ltd. acquired a new position in Wayfair in the second quarter valued at $4,015,000. Finally, State of Wisconsin Investment Board acquired a new position in Wayfair in the second quarter valued at $588,000. 66.73% of the stock is 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.

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