Wayfair Inc. (NYSE:W) – Stock analysts at Wedbush boosted their Q4 2017 EPS estimates for shares of Wayfair in a note issued to investors on Wednesday. Wedbush analyst S. Basham now anticipates that the company will post earnings per share of ($0.72) for the quarter, up from their prior estimate of ($0.73). Wedbush currently has a “Outperform” rating and a $72.00 target price on the stock.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. Wayfair’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.54) earnings per share.

A number of other equities research analysts also recently weighed in on W. Oppenheimer set a $88.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Friday, August 4th. BidaskClub downgraded shares of Wayfair from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 4th. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a research note on Tuesday, August 8th. Robert W. Baird boosted their price objective on shares of Wayfair from $65.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, August 8th. Finally, Wolfe Research restated an “outperform” rating on shares of Wayfair in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $76.01.

Shares of Wayfair (NYSE W) opened at $70.23 on Friday. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair has a 12 month low of $34.30 and a 12 month high of $84.19.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Legal & General Group Plc raised its position in shares of Wayfair by 12.8% in the first quarter. Legal & General Group Plc now owns 11,529 shares of the company’s stock valued at $466,000 after purchasing an additional 1,312 shares during the period. UBS Group AG raised its position in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after purchasing an additional 960 shares during the period. Renaissance Technologies LLC raised its position in shares of Wayfair by 46.6% in the first quarter. Renaissance Technologies LLC now owns 36,800 shares of the company’s stock valued at $1,490,000 after purchasing an additional 11,700 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Wayfair by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 131,330 shares of the company’s stock valued at $5,318,000 after purchasing an additional 10,551 shares during the period. Finally, State Street Corp raised its position in shares of Wayfair by 1.8% in the first quarter. State Street Corp now owns 695,502 shares of the company’s stock valued at $28,158,000 after purchasing an additional 12,398 shares during the period. 66.95% of the stock is currently owned by hedge funds and other institutional investors.

In other Wayfair news, COO James Savarese sold 1,236 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $63.67, for a total transaction of $78,696.12. Following the sale, the chief operating officer now directly owns 540,920 shares of the company’s stock, valued at $34,440,376.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO John Champlin Mulliken sold 700 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $57.01, for a total transaction of $39,907.00. Following the sale, the chief technology officer now directly owns 185,128 shares in the company, valued at $10,554,147.28. The disclosure for this sale can be found here. Insiders have sold 57,193 shares of company stock valued at $4,156,863 in the last 90 days. 56.93% of the stock is currently owned by corporate insiders.

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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.

Earnings History and Estimates for Wayfair (NYSE:W)

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