Wayfair Inc. (NYSE:W)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a report released on Wednesday. They presently have a $40.00 target price on the stock. Wedbush’s target price indicates a potential upside of 15.14% from the stock’s previous close.

Several other research firms have also issued reports on W. Maxim Group set a $49.00 target price on shares of Wayfair and gave the stock a “buy” rating in a report on Tuesday, August 9th. Veritas Investment Research restated a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Zacks Investment Research upgraded Wayfair from a “sell” rating to a “hold” rating in a research note on Wednesday, September 21st. Vetr downgraded Wayfair from a “buy” rating to a “hold” rating and set a $42.28 price target for the company. in a research note on Thursday, September 8th. Finally, Pacific Crest restated an “equal weight” rating on shares of Wayfair in a research note on Sunday, August 14th. Fourteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $50.15.

Analyst Recommendations for Wayfair (NYSE:W)

Shares of Wayfair (NYSE:W) opened at 34.74 on Wednesday. The firm’s market capitalization is $2.97 billion. The firm has a 50-day moving average of $34.91 and a 200 day moving average of $38.86. Wayfair has a 52 week low of $27.60 and a 52 week high of $50.00.

Wayfair (NYSE:W) last released its earnings results on Tuesday, November 8th. The company reported ($0.54) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.59) by $0.05. The company earned $861.50 million during the quarter, compared to analyst estimates of $849.42 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The firm’s quarterly revenue was up 45.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) EPS. On average, equities analysts predict that Wayfair will post ($1.84) earnings per share for the current fiscal year.

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In other news, SVP Steve Oblak sold 1,125 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $39.22, for a total transaction of $44,122.50. Following the transaction, the senior vice president now owns 95,884 shares in the company, valued at $3,760,570.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael D. Fleisher sold 4,608 shares of the firm’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $33.50, for a total value of $154,368.00. Following the transaction, the chief financial officer now owns 45,852 shares in the company, valued at approximately $1,536,042. The disclosure for this sale can be found here. 63.94% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Pacer Advisors Inc. raised 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 valued at $101,000 after buying an additional 216 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Wayfair by 2.9% in the third quarter. Wedbush Securities Inc. now owns 10,672 shares of the company’s stock valued at $420,000 after buying an additional 300 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Wayfair by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 124,005 shares of the company’s stock valued at $4,836,000 after buying an additional 422 shares in the last quarter. BlackRock Inc. raised its position in shares of Wayfair by 17.3% in the third quarter. BlackRock Inc. now owns 3,153 shares of the company’s stock valued at $124,000 after buying an additional 464 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in shares of Wayfair by 1.1% in the third quarter. California State Teachers Retirement System now owns 66,842 shares of the company’s stock valued at $2,632,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 71.63% of the company’s stock.

Wayfair Company Profile

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.

5 Day Chart for NYSE:W

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