Zacks Research Predicts Wayfair’s FY2028 Earnings (NYSE:W)

Wayfair Inc. (NYSE:W) – Equities researchers at Zacks Research upped their FY2028 earnings per share estimates for shares of Wayfair in a research note issued to investors on Friday, June 26th. Zacks Research analyst Team now expects that the company will post earnings of $2.25 per share for the year, up from their previous estimate of $2.23. The consensus estimate for Wayfair’s current full-year earnings is $0.63 per share.

Several other research analysts have also recently commented on W. Robert W. Baird set a $76.00 target price on shares of Wayfair in a report on Monday, May 4th. The Goldman Sachs Group set a $79.00 price target on shares of Wayfair in a research note on Friday, May 1st. Wells Fargo & Company cut their price target on shares of Wayfair from $125.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. UBS Group reduced their price objective on shares of Wayfair from $130.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Jefferies Financial Group decreased their price objective on Wayfair from $86.00 to $70.00 and set a “hold” rating for the company in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.68.

Wayfair Stock Up 0.2%

NYSE W opened at $94.64 on Monday. Wayfair has a 12-month low of $50.40 and a 12-month high of $119.98. The company has a market capitalization of $12.49 billion, a PE ratio of -40.44, a price-to-earnings-growth ratio of 4.97 and a beta of 3.02. The firm’s 50 day moving average is $73.46 and its 200-day moving average is $84.42.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS.

Insider Activity at Wayfair

In other Wayfair news, Director Steven Conine sold 112,861 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $77.50, for a total transaction of $8,746,727.50. Following the sale, the director directly owned 436,212 shares of the company’s stock, valued at approximately $33,806,430. This represents a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 113,863 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $77.49, for a total transaction of $8,823,243.87. Following the sale, the chief executive officer directly owned 435,274 shares in the company, valued at $33,729,382.26. This trade represents a 20.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 244,790 shares of company stock valued at $18,959,021. 18.44% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Covenant Asset Management LLC acquired a new position in Wayfair during the fourth quarter worth approximately $4,403,000. Capital World Investors lifted its position in shares of Wayfair by 4.1% in the third quarter. Capital World Investors now owns 13,374,574 shares of the company’s stock valued at $1,194,750,000 after buying an additional 521,240 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Wayfair during the 3rd quarter worth approximately $2,635,000. Quantbot Technologies LP bought a new position in shares of Wayfair during the 3rd quarter worth approximately $1,958,000. Finally, North Dakota State Investment Board acquired a new position in shares of Wayfair during the 4th quarter worth approximately $3,636,000. 89.67% of the stock is currently owned by institutional investors and hedge funds.

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.