Wayfair Inc. $W Shares Acquired by Strs Ohio

Strs Ohio increased its position in Wayfair Inc. (NYSE:W) by 26.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 175,742 shares of the company’s stock after buying an additional 36,296 shares during the period. Strs Ohio’s holdings in Wayfair were worth $13,218,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Wayfair by 206.2% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 7,458 shares of the company’s stock worth $561,000 after purchasing an additional 5,022 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Wayfair by 234.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,129 shares of the company’s stock worth $611,000 after purchasing an additional 5,698 shares during the period. Adams Diversified Equity Fund Inc. acquired a new stake in Wayfair during the 1st quarter worth approximately $8,777,000. Pictet Asset Management Holding SA raised its holdings in Wayfair by 12.2% in the first quarter. Pictet Asset Management Holding SA now owns 16,528 shares of the company’s stock valued at $1,243,000 after buying an additional 1,802 shares during the period. Finally, WT Wealth Management lifted its position in Wayfair by 27.0% during the first quarter. WT Wealth Management now owns 19,941 shares of the company’s stock valued at $1,500,000 after buying an additional 4,234 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair’s aggressive Fourth of July promotions are drawing broad media coverage, with discounts of up to 82% on patio furniture, dining sets, chairs, umbrellas, rugs, and other home goods. That visibility can help drive traffic and sales, especially during a seasonal shopping period. Article Title
• Positive Sentiment: Recent analyst commentary from Zacks Research nudged Wayfair’s Q2 2028 EPS estimate higher, reflecting slightly improved expectations for future profitability. While only a small upward revision, it supports the view that earnings outlooks are stabilizing. Article Title
• Positive Sentiment: Broader online retail sentiment also looks supportive, with the Amplify Online Retail ETF posting strong recent performance. That suggests investors are still willing to pay up for e-commerce names, which can lift sentiment toward Wayfair. Article Title
• Neutral Sentiment: Wayfair continues to be highlighted in lifestyle and shopping articles about its holiday deals and branded product lines, reinforcing consumer awareness but not necessarily changing the company’s fundamentals by itself. Article Title
• Negative Sentiment: A report asking whether Wayfair was removed from broad Russell indexes could pressure the stock if it led to passive-fund selling or reduced index inclusion. Even if the impact is uncertain, index-removal speculation can weigh on near-term trading. Article Title

Insiders Place Their Bets

In other Wayfair news, CEO Niraj Shah sold 113,863 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $77.49, for a total value of $8,823,243.87. Following the completion of the transaction, the chief executive officer directly owned 435,274 shares of the company’s stock, valued at $33,729,382.26. This represents a 20.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 112,861 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $77.50, for a total value of $8,746,727.50. Following the sale, the director owned 436,212 shares of the company’s stock, valued at $33,806,430. This represents a 20.55% decrease in their ownership of the stock. 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 a total of 240,000 shares of company stock worth $18,613,231 in the last quarter. 18.44% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Wayfair in a research report on Wednesday, May 20th. Mizuho decreased their price target on shares of Wayfair from $110.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. Wells Fargo & Company lowered their price target on Wayfair from $125.00 to $100.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Jefferies Financial Group cut their price objective on Wayfair from $86.00 to $70.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. Finally, TD Cowen reduced their price objective on Wayfair from $88.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.68.

Wayfair Stock Down 0.4%

W opened at $94.09 on Friday. The firm’s 50 day moving average is $74.87 and its 200-day moving average is $84.43. Wayfair Inc. has a 52-week low of $53.07 and a 52-week high of $119.98. The firm has a market capitalization of $12.42 billion, a P/E ratio of -40.21, a P/E/G ratio of 4.97 and a beta of 2.96.

Wayfair (NYSE:W) last announced its earnings results on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Equities analysts expect that Wayfair Inc. will post 0.63 earnings per share for the current fiscal year.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.