Wayfair Inc. (NYSE:W) Receives Consensus Rating of “Moderate Buy” from Analysts

Wayfair Inc. (NYSE:W) has been assigned a consensus rating of “Moderate Buy” from the thirty-one brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, eighteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $107.2143.

A number of brokerages recently weighed in on W. Piper Sandler reaffirmed an “overweight” rating on shares of Wayfair in a research note on Friday, November 21st. Mizuho restated an “outperform” rating and issued a $130.00 price target on shares of Wayfair in a report on Friday, January 2nd. Raymond James Financial upped their price objective on Wayfair from $90.00 to $130.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 29th. UBS Group lifted their target price on Wayfair from $102.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Finally, Argus boosted their target price on Wayfair from $105.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th.

Insiders Place Their Bets

In other Wayfair news, insider Jon Blotner sold 4,997 shares of Wayfair stock in a transaction on Monday, January 5th. The shares were sold at an average price of $105.84, for a total value of $528,882.48. Following the sale, the insider directly owned 106,107 shares in the company, valued at approximately $11,230,364.88. The trade was a 4.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kate Gulliver sold 36,497 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $106.50, for a total transaction of $3,886,930.50. Following the sale, the chief financial officer directly owned 149,238 shares in the company, valued at $15,893,847. This trade represents a 19.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 726,453 shares of company stock valued at $75,392,987 over the last 90 days. 21.91% of the stock is currently owned by company insiders.

Institutional Trading of Wayfair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC boosted its position in Wayfair by 30.0% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after purchasing an additional 120 shares during the last quarter. Wedmont Private Capital raised its stake in shares of Wayfair by 3.3% during the 4th quarter. Wedmont Private Capital now owns 3,774 shares of the company’s stock worth $415,000 after purchasing an additional 121 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of Wayfair by 37.7% in the 4th quarter. True Wealth Design LLC now owns 449 shares of the company’s stock valued at $45,000 after buying an additional 123 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Wayfair by 8.4% in the third quarter. Versant Capital Management Inc now owns 1,948 shares of the company’s stock valued at $174,000 after buying an additional 151 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Wayfair by 156.3% in the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair Stock Performance

Shares of W stock opened at $109.89 on Friday. Wayfair has a 52 week low of $20.41 and a 52 week high of $119.98. The company’s 50 day moving average price is $104.43 and its two-hundred day moving average price is $88.55. The company has a market capitalization of $14.32 billion, a P/E ratio of -42.93, a price-to-earnings-growth ratio of 8.71 and a beta of 3.31.

Wayfair (NYSE:W) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the company earned $0.22 EPS. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Analysts forecast that Wayfair will post -2.54 earnings per share for the current year.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.