Zacks Investment Research upgraded shares of Wayfair (NYSE:W) from a sell rating to a hold rating in a report published on Saturday.

According to Zacks, “Wayfair is well positioned in the home automation retail market. Its high revenues and strong metrics growth is a big positive. The management remains confident about growth in markets, namely, Canada, U.K. and Germany as the company has made efforts to expand its house-brand offerings in these countries. However, we remain concerned about increasing advertising expenditure and its impact on profitability. Unhealthy competition and high vulnerability to exchange rate volatility also remain concerns. In past 12 months, the stock has outperformed the industry it belongs to.”

Other analysts have also issued research reports about the stock. Wedbush reissued an outperform rating on shares of Wayfair in a report on Wednesday, December 27th. Oppenheimer raised their price target on shares of Wayfair to $105.00 and gave the company an outperform rating in a report on Friday. Piper Jaffray Companies reissued a buy rating and issued a $89.00 price target on shares of Wayfair in a report on Wednesday, December 13th. DA Davidson reaffirmed a hold rating and set a $60.00 target price on shares of Wayfair in a report on Friday, November 3rd. Finally, Bank of America lowered shares of Wayfair from a buy rating to a neutral rating and set a $88.00 target price for the company. in a report on Wednesday, January 3rd. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Wayfair has a consensus rating of Hold and a consensus target price of $80.11.

Shares of Wayfair (W) opened at $92.02 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. The firm has a market cap of $8,080.00, a P/E ratio of -36.96 and a beta of 1.05. Wayfair has a fifty-two week low of $35.36 and a fifty-two week high of $94.95.

In other news, insider Edmond Macri sold 755 shares of Wayfair stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $92.53, for a total transaction of $69,860.15. Following the transaction, the insider now directly owns 1,000 shares of the company’s stock, valued at $92,530. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven Conine sold 2,000 shares of Wayfair stock in a transaction on Monday, February 5th. The stock was sold at an average price of $92.21, for a total transaction of $184,420.00. Following the transaction, the insider now directly owns 31,796 shares in the company, valued at $2,931,909.16. The disclosure for this sale can be found here. Insiders have sold a total of 62,010 shares of company stock valued at $4,913,814 in the last ninety days. Company insiders own 56.93% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Wayfair by 16.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after acquiring an additional 423,631 shares in the last quarter. Baillie Gifford & Co. lifted its position in Wayfair by 1.3% in the 3rd quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after acquiring an additional 24,027 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Wayfair in the 3rd quarter valued at $81,855,000. Allen Investment Management LLC lifted its position in Wayfair by 11.4% in the 3rd quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after acquiring an additional 100,000 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Wayfair by 331.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock valued at $39,351,000 after acquiring an additional 448,390 shares in the last quarter. 67.16% of the stock is currently owned by institutional investors.

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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.

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