Wayfair Inc. (NYSE:W) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Wayfair Inc. (NYSE:W) have been given a consensus recommendation of “Moderate Buy” by the thirty analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $99.6786.

A number of equities analysts recently commented on the company. Mizuho lowered their target price on Wayfair from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, May 8th. Royal Bank Of Canada decreased their price target on shares of Wayfair from $92.00 to $76.00 and set a “sector perform” rating for the company in a research report on Thursday, April 30th. Truist Financial set a $99.00 price target on shares of Wayfair in a research report on Monday, June 8th. Jefferies Financial Group decreased their price target on shares of Wayfair from $86.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Finally, Citigroup decreased their price target on shares of Wayfair from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th.

Wayfair Price Performance

Shares of Wayfair stock opened at $88.55 on Monday. The business has a 50-day moving average of $71.83 and a 200 day moving average of $84.63. Wayfair has a 12 month low of $47.21 and a 12 month high of $119.98. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of -37.84, a price-to-earnings-growth ratio of 4.65 and a beta of 3.02.

Wayfair (NYSE:W) last announced its earnings results on Thursday, April 30th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the business posted $0.10 EPS. Wayfair’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that Wayfair will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Wayfair

In other Wayfair news, Director Steven Conine sold 112,861 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $77.50, for a total value of $8,746,727.50. Following the completion of the transaction, the director owned 436,212 shares of the company’s stock, valued at $33,806,430. This trade represents a 20.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 113,863 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $77.49, for a total transaction of $8,823,243.87. Following the completion of the transaction, the chief executive officer directly owned 435,274 shares of the company’s stock, valued at $33,729,382.26. This represents a 20.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 248,048 shares of company stock valued at $19,210,406 in the last 90 days. Company insiders own 18.44% of the company’s stock.

Hedge Funds Weigh In On Wayfair

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Webster Bank N. A. purchased a new position in shares of Wayfair in the 4th quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new position in shares of Wayfair in the 4th quarter valued at about $33,000. Havemeyer Place LP purchased a new position in shares of Wayfair in the 4th quarter valued at about $39,000. Kestra Advisory Services LLC purchased a new stake in shares of Wayfair during the 4th quarter worth $44,000. Finally, True Wealth Design LLC lifted its position in shares of Wayfair by 37.7% during the 4th quarter. True Wealth Design LLC now owns 449 shares of the company’s stock worth $45,000 after purchasing an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair opened its first smaller-format store in Columbus, Ohio, adding another physical retail touchpoint that could broaden its customer reach and support sales growth. Wayfair opens first smaller-format store in Columbus, Ohio
• Positive Sentiment: The company also announced plans for a large-format store in Princeton, New Jersey, reinforcing its Northeast expansion strategy and signaling ongoing investment in omnichannel retail. Wayfair Expands Northeast Footprint with Princeton, New Jersey Store
• Positive Sentiment: Wayfair opened its first Ohio store at Polaris and highlighted grand-opening deals, which may help drive near-term traffic and raise brand visibility. Wayfair opens first Ohio store at Polaris, promises grand-opening deals
• Positive Sentiment: Multiple lifestyle/shopping features showcased low-priced Wayfair products, which can keep the retailer top-of-mind with consumers and support traffic to its site. Save 74% on the Modway Stopover lounge chair — now just $269 at Wayfair!
• Positive Sentiment: Another article highlighted Wayfair’s affordable home products for room upgrades, reinforcing the company’s value proposition for budget-conscious shoppers. 30 things from Wayfair to affordably upgrade your kid’s room from drab to fun
• Neutral Sentiment: Coverage of a grand opening event for the new Columbus store is supportive but mostly informational, with limited direct impact on fundamentals. Grand opening event set for new Wayfair retail store in Columbus

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.