Oppenheimer Boosts Wayfair (W) Price Target to $105.00

Wayfair (NYSE:W) had its price objective hoisted by stock analysts at Oppenheimer to $105.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price would suggest a potential upside of 15.79% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Gordon Haskett lowered Wayfair from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and set a $89.00 target price on shares of Wayfair in a research report on Wednesday, December 13th. Moffett Nathanson started coverage on Wayfair in a research report on Monday, December 4th. They set a “buy” rating on the stock. Canaccord Genuity reissued a “buy” rating and set a $90.00 target price on shares of Wayfair in a research report on Thursday, November 2nd. Finally, Cowen reissued a “buy” rating and set a $72.00 target price (down previously from $82.00) on shares of Wayfair in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twelve have assigned a buy rating to the stock. Wayfair has an average rating of “Hold” and an average target price of $80.11.

Wayfair (W) traded up $1.70 during mid-day trading on Friday, reaching $90.68. The company’s stock had a trading volume of 1,404,643 shares, compared to its average volume of 1,210,000. 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 firm has a market cap of $7,960.00, a price-to-earnings ratio of -36.42 and a beta of 1.05. Wayfair has a 52 week low of $35.36 and a 52 week high of $94.95.

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 658.45% and a negative net margin of 5.06%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned ($0.54) EPS. The business’s quarterly revenue was up 39.1% on a year-over-year basis. equities analysts anticipate that Wayfair will post -2.78 earnings per share for the current fiscal year.

In other Wayfair news, CFO Michael D. Fleisher sold 515 shares of Wayfair stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $75.69, for a total value of $38,980.35. Following the transaction, the chief financial officer now directly owns 56,765 shares in the company, valued at approximately $4,296,542.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO John Champlin Mulliken sold 990 shares of Wayfair stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $63.53, for a total value of $62,894.70. Following the completion of the transaction, the chief technology officer now owns 187,128 shares in the company, valued at $11,888,241.84. The disclosure for this sale can be found here. Insiders sold a total of 62,010 shares of company stock worth $4,913,814 over the last quarter. Company insiders own 56.93% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its holdings in shares of Wayfair by 78.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock valued at $193,000 after buying an additional 1,056 shares during the period. First Trust Advisors LP lifted its holdings in shares of Wayfair by 19.9% in the 4th quarter. First Trust Advisors LP now owns 205,537 shares of the company’s stock valued at $16,498,000 after buying an additional 34,111 shares during the period. Keybank National Association OH lifted its holdings in shares of Wayfair by 8.7% in the 4th quarter. Keybank National Association OH now owns 8,620 shares of the company’s stock valued at $692,000 after buying an additional 690 shares during the period. Sei Investments Co. lifted its holdings in shares of Wayfair by 170.8% in the 4th quarter. Sei Investments Co. now owns 79,369 shares of the company’s stock valued at $6,371,000 after buying an additional 50,059 shares during the period. Finally, Cheyne Capital Management UK LLP acquired a new stake in shares of Wayfair in the 4th quarter valued at approximately $1,610,000. Institutional investors own 66.89% of the company’s stock.

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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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