Wayfair Inc. (W) Receives Consensus Rating of “Hold” from Brokerages
Wayfair Inc. (NYSE:W) has received an average recommendation of “Hold” from the twenty-two research firms that are covering the company. Fourteen analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.71.
Several research analysts have recently issued reports on W shares. Zacks Investment Research upgraded shares of Wayfair from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Thursday, August 11th. Oppenheimer Holdings Inc. restated a “sector perform” rating on shares of Wayfair in a report on Sunday, August 14th. KeyCorp restated a “hold” rating on shares of Wayfair in a report on Tuesday, November 8th. Vetr upgraded shares of Wayfair from a “buy” rating to a “strong-buy” rating and set a $42.28 target price on the stock in a report on Thursday, August 18th. Finally, Wedbush cut their target price on shares of Wayfair from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, August 10th.
In related news, COO James Savarese sold 1,682 shares of Wayfair stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $36.24, for a total value of $60,955.68. Following the completion of the sale, the chief operating officer now directly owns 606,392 shares in the company, valued at approximately $21,975,646.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edmond Macri sold 835 shares of Wayfair stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $39.08, for a total value of $32,631.80. Following the completion of the sale, the insider now owns 235,875 shares of the company’s stock, valued at $9,217,995. The disclosure for this sale can be found here. 63.94% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in Wayfair by 9.2% in the third quarter. Pacer Advisors Inc. now owns 2,562 shares of the company’s stock valued at $101,000 after buying an additional 216 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Wayfair by 112.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,629 shares of the company’s stock valued at $104,000 after buying an additional 1,394 shares during the last quarter. BlackRock Inc. increased its stake in Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock valued at $105,000 after buying an additional 1,107 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new stake in Wayfair during the second quarter valued at approximately $107,000. Finally, Legal & General Group Plc increased its stake in Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares during the last quarter. Institutional investors own 71.49% of the company’s stock.
Wayfair (NYSE:W) opened at 33.30 on Monday. The company’s 50 day moving average is $35.78 and its 200-day moving average is $38.95. Wayfair has a 52-week low of $27.60 and a 52-week high of $50.00. The firm’s market cap is $2.85 billion.
Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, November 8th. The company reported ($0.54) EPS for the quarter, beating 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 business had revenue of $861.50 million for the quarter, compared to analysts’ expectations of $849.42 million. During the same period last year, the business earned ($0.13) earnings per share. The business’s quarterly revenue was up 45.0% on a year-over-year basis. On average, equities analysts predict that Wayfair will post ($1.84) EPS for the current fiscal year.
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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