Fulcrum Asset Management LLP Acquires 59,752 Shares of Wayfair Inc. $W

Fulcrum Asset Management LLP bought a new position in shares of Wayfair Inc. (NYSE:W) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 59,752 shares of the company’s stock, valued at approximately $6,092,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its holdings in shares of Wayfair by 8.3% in the first quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock worth $290,813,000 after acquiring an additional 296,233 shares in the last quarter. Atreides Management LP raised its position in shares of Wayfair by 64.3% during the first quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock worth $107,625,000 after purchasing an additional 560,133 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Wayfair by 46.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock worth $77,923,000 after purchasing an additional 328,358 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Wayfair by 42.2% during the second quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock worth $75,654,000 after purchasing an additional 242,791 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Wayfair by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 310,825 shares of the company’s stock valued at $23,377,000 after purchasing an additional 5,586 shares in the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Trading Up 0.3%

W stock opened at $112.08 on Monday. The stock has a 50-day moving average price of $105.88 and a two-hundred day moving average price of $89.19. The stock has a market cap of $14.79 billion, a PE ratio of -89.67, a price-to-earnings-growth ratio of 5.06 and a beta of 3.10. Wayfair Inc. has a 1 year low of $55.60 and a 1 year high of $127.99.

Wayfair (NYSE:W) last released its quarterly earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.13. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.38 billion. Wayfair had a negative return on equity of 5.14% and a negative net margin of 1.21%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.70 EPS. On average, analysts forecast that Wayfair Inc. will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at Wayfair

In related news, CTO Fiona Tan sold 8,000 shares of Wayfair stock in a transaction that occurred on Tuesday, October 20th. The stock was sold at an average price of $115.00, for a total value of $920,000.00. Following the sale, the chief technology officer owned 196,698 shares of the company’s stock, valued at approximately $22,620,270. This trade represents a 3.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 117,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the sale, the director owned 105,073 shares in the company, valued at $11,689,371.25. The trade was a 52.69% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 692,070 shares of company stock valued at $74,096,044 over the last three months. Company insiders own 18.44% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on W. Piper Sandler boosted their price objective on Wayfair from $133.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, October 20th. Zacks Research raised Wayfair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 3rd. The Goldman Sachs Group restated a “neutral” rating on shares of Wayfair in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Wayfair from $120.00 to $140.00 and gave the company a “hold” rating in a research note on Thursday. Finally, Moffett Nathanson lifted their price target on shares of Wayfair from $43.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

Wayfair News Summary

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
• Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
• Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
• Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin

Wayfair Company Profile

Wayfair Inc is an e-commerce company focused on furniture and home furnishings. Its online platform offers products for living rooms, bedrooms, kitchens, bathrooms, outdoor spaces and other areas of the home, including furniture, décor, lighting, rugs and housewares.

The company operates a portfolio of retail brands, including Wayfair, AllModern, Birch Lane, Joss & Main and Perigold. It serves customers primarily in the United States and Canada, as well as in select international markets.

Wayfair was founded in 2002 by Niraj Shah and Steve Conine as CSN Stores and adopted the Wayfair name in 2011.