Shares of Wayfair Inc (NYSE:W) have been given an average rating of “Buy” by the twenty-seven research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $155.31.
Several equities analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Wayfair in a research note on Friday, May 17th. They set a “buy” rating and a $192.00 target price on the stock. Needham & Company LLC assumed coverage on Wayfair in a research note on Monday, July 1st. They set a “buy” rating and a $175.00 target price on the stock. Stifel Nicolaus raised Wayfair from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research note on Wednesday, August 21st. Wedbush reduced their price target on Wayfair from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Credit Suisse Group reduced their price target on Wayfair from $195.00 to $165.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th.
NYSE:W traded up $1.85 on Thursday, hitting $133.42. 1,024,630 shares of the company’s stock traded hands, compared to its average volume of 1,880,693. Wayfair has a 1 year low of $76.60 and a 1 year high of $173.72. The firm has a 50-day moving average price of $120.60 and a 200-day moving average price of $144.49. The company has a market cap of $11.45 billion, a PE ratio of -23.78 and a beta of 1.93.
Wayfair (NYSE:W) last released its earnings results on Thursday, August 1st. The company reported ($1.35) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.97) by $0.62. The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm earned ($0.77) EPS. The company’s revenue was up 41.6% compared to the same quarter last year. Analysts predict that Wayfair will post -9.43 earnings per share for the current fiscal year.
In related news, insider Edmond Macri sold 278 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $120.00, for a total value of $33,360.00. Following the completion of the sale, the insider now directly owns 950 shares in the company, valued at approximately $114,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael D. Fleisher sold 477 shares of the business’s stock in a transaction that occurred on Saturday, June 15th. The stock was sold at an average price of $156.06, for a total value of $74,440.62. Following the completion of the sale, the chief financial officer now owns 128,675 shares of the company’s stock, valued at $20,081,020.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,781 shares of company stock valued at $5,424,661. Corporate insiders own 33.86% of the company’s stock.
Several hedge funds have recently modified their holdings of W. Geode Capital Management LLC lifted its holdings in shares of Wayfair by 15.3% during the fourth quarter. Geode Capital Management LLC now owns 592,170 shares of the company’s stock worth $53,308,000 after buying an additional 78,626 shares during the last quarter. Strs Ohio bought a new stake in shares of Wayfair during the first quarter valued at approximately $102,000. Bank of Montreal Can increased its position in shares of Wayfair by 31.6% during the first quarter. Bank of Montreal Can now owns 9,419 shares of the company’s stock valued at $1,399,000 after purchasing an additional 2,262 shares during the period. Comerica Bank bought a new stake in shares of Wayfair during the first quarter valued at approximately $282,000. Finally, Stevens Capital Management LP bought a new stake in shares of Wayfair during the first quarter valued at approximately $1,243,000. Institutional investors own 75.98% of the company’s stock.
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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