Wayfair (NYSE:W) had its target price boosted by analysts at Stifel Nicolaus from $72.00 to $82.00 in a note issued to investors on Friday. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.64% from the company’s current price.
W has been the subject of a number of other reports. Canaccord Genuity reissued a “buy” rating and set a $90.00 target price on shares of Wayfair in a research note on Sunday, October 1st. Piper Jaffray Companies set a $89.00 price objective on Wayfair and gave the company a “buy” rating in a research note on Sunday, October 1st. Citigroup dropped their price objective on Wayfair from $80.00 to $66.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. DA Davidson reaffirmed a “hold” rating and issued a $60.00 price objective on shares of Wayfair in a research note on Friday, November 3rd. Finally, Wedbush dropped their price objective on Wayfair from $82.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $76.22.
Shares of Wayfair (NYSE W) traded up $0.35 during mid-day trading on Friday, hitting $76.18. The stock had a trading volume of 1,035,500 shares, compared to its average volume of 1,531,445. Wayfair has a fifty-two week low of $34.30 and a fifty-two week high of $84.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.
In related news, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $79.89, for a total value of $47,934.00. Following the transaction, the insider now owns 500 shares in the company, valued at $39,945. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael D. Fleisher sold 4,719 shares of Wayfair stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $82.35, for a total value of $388,609.65. Following the completion of the transaction, the chief financial officer now owns 50,844 shares in the company, valued at approximately $4,187,003.40. The disclosure for this sale can be found here. Insiders have sold 39,800 shares of company stock worth $2,774,564 in the last 90 days. Insiders own 56.93% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of Wayfair by 2.7% during the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock worth $596,411,000 after acquiring an additional 207,443 shares during the last quarter. Vanguard Group Inc. increased its holdings in Wayfair by 16.3% in the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after buying an additional 423,631 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Wayfair by 1.3% in the third quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after buying an additional 24,027 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in Wayfair in the third quarter valued at about $81,855,000. Finally, Allen Investment Management LLC increased its holdings in Wayfair by 11.4% in the third quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after buying an additional 100,000 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors.
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About Wayfair
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
