Federated Hermes Inc. Makes New $50.55 Million Investment in Wayfair Inc. $W

Federated Hermes Inc. bought a new position in shares of Wayfair Inc. (NYSE:W) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 565,911 shares of the company’s stock, valued at approximately $50,553,000.

Several other institutional investors and hedge funds have also modified their holdings of W. Versant Capital Management Inc increased its position in Wayfair by 8.4% during the third quarter. Versant Capital Management Inc now owns 1,948 shares of the company’s stock worth $174,000 after acquiring an additional 151 shares during the period. Global Retirement Partners LLC grew its position in shares of Wayfair by 156.3% during the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after purchasing an additional 200 shares in the last quarter. Daiwa Securities Group Inc. grew its position in shares of Wayfair by 3.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,882 shares of the company’s stock worth $352,000 after purchasing an additional 200 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of Wayfair by 250.5% during the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after purchasing an additional 233 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Wayfair by 12.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock valued at $126,000 after buying an additional 270 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Stock Down 1.2%

NYSE:W opened at $107.38 on Friday. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $119.98. The stock’s 50-day simple moving average is $105.50 and its 200 day simple moving average is $90.38. The firm has a market capitalization of $14.00 billion, a PE ratio of -41.95, a price-to-earnings-growth ratio of 8.93 and a beta of 3.31.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the company posted $0.22 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Analyst Ratings Changes

W has been the topic of a number of analyst reports. Bank of America raised Wayfair from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 28th. The Goldman Sachs Group reiterated a “neutral” rating and set a $104.00 target price on shares of Wayfair in a research report on Wednesday, January 14th. Wells Fargo & Company raised their price target on Wayfair from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 29th. Truist Financial upped their price objective on shares of Wayfair from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, BMO Capital Markets set a $110.00 price objective on shares of Wayfair and gave the stock a “market perform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.21.

Insider Buying and Selling

In related news, CFO Kate Gulliver sold 36,497 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $106.50, for a total value of $3,886,930.50. Following the completion of the transaction, the chief financial officer owned 149,238 shares of the company’s stock, valued at $15,893,847. This represents a 19.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Niraj Shah sold 150,000 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $105.91, for a total transaction of $15,886,500.00. Following the sale, the chief executive officer directly owned 729,137 shares in the company, valued at approximately $77,222,899.67. The trade was a 17.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 966,453 shares of company stock worth $101,748,287 in the last three months. 21.91% of the stock is owned by corporate insiders.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair reports AI initiatives that have driven “millions of dollars” in cost savings — this supports margin improvement and operating leverage if savings scale across supply chain and marketing. Wayfair Lessons In Driving Millions Of Dollars In Savings With AI
• Positive Sentiment: Major consumer media are promoting Wayfair sales (Presidents’ Day, multi‑day deals), increasing brand visibility and likely boosting short‑term site traffic and order volume during a key promotional period. Higher top‑line activity could support near‑term revenue beats. Best Presidents’ Day Furniture Sales: Up To 60% Off At Wayfair, West Elm And More
• Neutral Sentiment: Numerous product‑level deal stories (rugs, comforters, furniture sets, storage solutions) are running across People/MSN; these increase purchase intent and awareness but are typical retail promotions that may not materially move long‑term margins alone. Joanna Gaines’ Area Rug ‘Doesn’t Show Dirt,’ and Shoppers Say It ‘Feels Expensive’
• Negative Sentiment: Large, concurrent insider sales: CEO Niraj Shah and co‑founder Steven Conine each sold 150,000 shares (around the same price level), significantly reducing reported holdings — this is weighing on sentiment and increases share supply risk in the near term. Niraj Shah Sells 150,000 Shares of Wayfair Steven Conine Sells 150,000 Shares

Wayfair Company Profile

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.