Teacher Retirement System of Texas Takes Position in Wayfair Inc. (W)
Teacher Retirement System of Texas bought a new position in shares of Wayfair Inc. (NYSE:W) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,826 shares of the company’s stock, valued at approximately $217,000.
A number of other large investors have also bought and sold shares of the stock. First Personal Financial Services boosted its stake in shares of Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock worth $100,000 after buying an additional 325 shares during the last quarter. UBS Group AG boosted its stake in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in shares of Wayfair during the second quarter worth $208,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Wayfair during the first quarter worth $110,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after buying an additional 247 shares during the last quarter.
Shares of Wayfair Inc. (NYSE W) opened at 68.29 on Wednesday. The firm’s market cap is $5.95 billion. The company has a 50 day moving average price of $73.76 and a 200-day moving average price of $57.85. Wayfair Inc. has a 12-month low of $27.60 and a 12-month high of $82.19.
Wayfair (NYSE:W) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.43. Wayfair had a negative net margin of 5.10% and a negative return on equity of 335.44%. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted ($0.43) earnings per share. Wayfair’s revenue was up 42.7% compared to the same quarter last year. Analysts expect that Wayfair Inc. will post ($1.46) EPS for the current year.
Several research analysts recently commented on the company. Maxim Group reissued a “buy” rating and set a $53.00 target price (up from $45.00) on shares of Wayfair in a research note on Tuesday, May 2nd. Wedbush upped their price objective on Wayfair from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 3rd. Buckingham Research upped their price objective on Wayfair from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Wayfair in a research report on Saturday, May 6th. Finally, Gordon Haskett started coverage on Wayfair in a research report on Tuesday, May 9th. They set a “buy” rating and a $61.00 price objective for the company. Ten research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $69.67.
In other news, CFO Michael D. Fleisher sold 20,000 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $69.75, for a total transaction of $1,395,000.00. Following the completion of the sale, the chief financial officer now owns 25,898 shares of the company’s stock, valued at $1,806,385.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Niraj Shah sold 50,850 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $73.88, for a total transaction of $3,756,798.00. Following the sale, the chief executive officer now directly owns 81,819 shares of the company’s stock, valued at approximately $6,044,787.72. The disclosure for this sale can be found here. Insiders sold 874,449 shares of company stock worth $64,670,201 over the last 90 days. 56.93% of the stock is currently owned by company insiders.
Wayfair Company Profile
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.
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