Wayfair Inc. to Post Q3 2017 Earnings of ($0.54) Per Share, William Blair Forecasts (W)
Wayfair Inc. (NYSE:W) – Analysts at William Blair issued their Q3 2017 earnings per share estimates for Wayfair in a report released on Tuesday. William Blair analyst R. Domyancic expects that the brokerage will earn ($0.54) per share for the quarter.
W has been the subject of a number of other reports. Zacks Investment Research raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Thursday, August 11th. Oppenheimer Holdings Inc. reissued a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. KeyCorp reissued a “hold” rating on shares of Wayfair in a research note on Tuesday. Vetr raised shares of Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 price objective for the company in a research note on Thursday, August 18th. Finally, Wedbush reduced their price objective on shares of Wayfair from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $51.15.
Shares of Wayfair (NYSE:W) opened at 35.71 on Friday. Wayfair has a 1-year low of $27.60 and a 1-year high of $50.00. The company’s market capitalization is $3.05 billion. The firm has a 50-day moving average of $36.33 and a 200 day moving average of $39.00.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, November 8th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.05. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The company earned $861.50 million during the quarter, compared to the consensus estimate of $849.42 million. During the same period in the previous year, the firm posted ($0.13) EPS. The firm’s revenue was up 45.0% compared to the same quarter last year.
Several large investors have recently bought and sold shares of W. Pacer Advisors Inc. increased its position in shares of Wayfair by 9.2% in the third quarter. Pacer Advisors Inc. now owns 2,562 shares of the company’s stock worth $101,000 after buying an additional 216 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock worth $104,000 after buying an additional 1,394 shares during the last quarter. BlackRock Inc. increased its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock worth $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new position in shares of Wayfair during the second quarter worth about $107,000. Finally, Legal & General Group Plc increased its position in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock worth $149,000 after buying an additional 853 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.
In other news, insider Steven Conine sold 805 shares of the business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $39.39, for a total value of $31,708.95. Following the completion of the sale, the insider now owns 2,500 shares in the company, valued at approximately $98,475. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Steve Oblak sold 1,125 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $39.22, for a total transaction of $44,122.50. Following the completion of the sale, the senior vice president now owns 95,884 shares of the company’s stock, valued at approximately $3,760,570.48. The disclosure for this sale can be found here. Corporate insiders own 63.94% of the company’s stock.
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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