Shares of Wayfair Inc (NYSE:W) have been given an average rating of “Hold” by the twenty-six brokerages that are presently covering the company, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $80.08.
Several analysts recently commented on W shares. Piper Jaffray Companies set a $89.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Monday, October 16th. Oppenheimer set a $88.00 price objective on shares of Wayfair and gave the company a “buy” rating in a research note on Wednesday, October 18th. MKM Partners started coverage on shares of Wayfair in a research note on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price objective for the company. Cowen reiterated a “buy” rating and issued a $72.00 price objective (down previously from $82.00) on shares of Wayfair in a research note on Wednesday, November 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $90.00 price objective on shares of Wayfair in a research note on Thursday, November 2nd.
Shares of Wayfair (NYSE:W) traded up $0.53 during trading hours on Tuesday, hitting $92.55. 1,156,829 shares of the stock traded hands, compared to its average volume of 1,240,000. The stock has a market capitalization of $8,130.00, a P/E ratio of -37.17 and a beta of 1.05. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. Wayfair has a 1-year low of $35.36 and a 1-year high of $95.08.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in W. Baillie Gifford & Co. boosted its stake in shares of Wayfair by 1.3% in the third quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after purchasing an additional 24,027 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Wayfair by 36.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,272,300 shares of the company’s stock valued at $102,128,000 after purchasing an additional 341,900 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Wayfair in the third quarter valued at $81,855,000. Alliancebernstein L.P. boosted its stake in shares of Wayfair by 1,724.1% in the fourth quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock valued at $88,439,000 after purchasing an additional 1,041,371 shares during the period. Finally, Allen Investment Management LLC boosted its stake in shares of Wayfair by 11.4% in the third quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after purchasing an additional 100,000 shares during the period. Institutional investors own 67.16% 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.
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