Recent Analysts’ Ratings Changes for Wayfair (W)

Several analysts have recently updated their ratings and price targets for Wayfair (NYSE: W):

  • 2/10/2018 – Wayfair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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.”
  • 2/9/2018 – Wayfair had its price target raised by analysts at Oppenheimer Holdings Inc. to $105.00. They now have an “outperform” rating on the stock.
  • 2/3/2018 – Wayfair was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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.”
  • 1/31/2018 – Wayfair was downgraded by analysts at Gordon Haskett from a “buy” rating to an “accumulate” rating.
  • 1/24/2018 – Wayfair was given a new $107.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 1/22/2018 – Wayfair was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $90.00 price target on the stock, up previously from $82.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/12/2018 – Wayfair had its “buy” rating reaffirmed by analysts at Cowen Inc.
  • 1/6/2018 – Wayfair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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.”
  • 1/5/2018 – Wayfair had its “hold” rating reaffirmed by analysts at Citigroup Inc. They now have a $80.00 price target on the stock.
  • 1/3/2018 – Wayfair was downgraded by analysts at Bank of America Corp from a “buy” rating to a “neutral” rating. They now have a $88.00 price target on the stock.
  • 12/27/2017 – Wayfair had its “outperform” rating reaffirmed by analysts at Wedbush.
  • 12/15/2017 – Wayfair had its price target raised by analysts at Stifel Nicolaus from $72.00 to $82.00. They now have a “buy” rating on the stock.

Shares of Wayfair Inc (NYSE:W) traded up $1.34 during trading on Monday, hitting $92.02. 928,728 shares of the company traded hands, compared to its average volume of 1,245,011. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The company has a market cap of $7,960.00, a price-to-earnings ratio of -36.96 and a beta of 1.05. Wayfair Inc has a 52 week low of $35.36 and a 52 week high of $94.95.

In related news, insider Edmond Macri sold 5,043 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $76.50, for a total value of $385,789.50. Following the transaction, the insider now owns 125,586 shares of the company’s stock, valued at $9,607,329. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Steven Conine sold 1,226 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $64.08, for a total transaction of $78,562.08. Following the completion of the transaction, the insider now directly owns 61,641 shares in the company, valued at approximately $3,949,955.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,010 shares of company stock valued at $4,913,814. 56.93% of the stock is owned by company insiders.

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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