Wayfair (W) to Release Earnings on Thursday

Wayfair (NYSE:W) will release its earnings data before the market opens on Thursday, February 22nd. Analysts expect Wayfair to post earnings of ($0.53) per share for the quarter.

Wayfair (W) opened at $97.07 on Thursday. 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 capitalization of $8,530.00, a P/E ratio of -38.98 and a beta of 1.05. Wayfair has a one year low of $35.36 and a one year high of $98.20.

Several research analysts have commented on W shares. Oppenheimer set a $88.00 price target on Wayfair and gave the stock a “buy” rating in a research report on Wednesday, October 18th. MKM Partners started coverage on Wayfair in a research report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 price target on the stock. Cowen reaffirmed a “buy” rating and issued a $72.00 price target (down from $82.00) on shares of Wayfair in a research report on Wednesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating and issued a $90.00 price target on shares of Wayfair in a research report on Thursday, November 2nd. Finally, DA Davidson reaffirmed a “hold” rating and issued a $60.00 price target on shares of Wayfair in a research report on Friday, November 3rd. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.11.

In related news, insider Steven Conine sold 2,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $93.77, for a total value of $187,540.00. Following the sale, the insider now owns 34,894 shares of the company’s stock, valued at approximately $3,272,010.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 value of $385,789.50. Following the completion of the sale, the insider now directly owns 125,586 shares in the company, valued at approximately $9,607,329. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,930 shares of company stock worth $4,855,017. 56.93% of the stock is currently owned by company insiders.

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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.

Earnings History for Wayfair (NYSE:W)

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