Wayfair (NYSE:W) Upgraded to “Strong-Buy” at Rosenblatt Securities

Rosenblatt Securities upgraded shares of Wayfair (NYSE:W) to a strong-buy rating in a research note published on Wednesday morning,Zacks.com reports.

W has been the subject of a number of other reports. Royal Bank Of Canada raised their target price on shares of Wayfair from $78.00 to $92.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Canaccord Genuity Group lowered their price objective on Wayfair from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of Wayfair in a report on Wednesday, August 5th. Robert W. Baird set a $116.00 price objective on shares of Wayfair in a research report on Wednesday, August 5th. Finally, Needham & Company LLC upped their target price on Wayfair from $83.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.89.

Wayfair Stock Performance

Shares of Wayfair stock opened at $103.41 on Wednesday. Wayfair has a fifty-two week low of $55.60 and a fifty-two week high of $119.98. The company has a market capitalization of $13.65 billion, a P/E ratio of -42.04, a P/E/G ratio of 4.78 and a beta of 2.99. The company has a fifty day moving average of $93.13 and a 200 day moving average of $81.41.

Wayfair (NYSE:W) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that Wayfair will post 0.75 EPS for the current year.

Insider Buying and Selling

In other news, insider Jon Blotner sold 5,925 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $96.29, for a total value of $570,518.25. Following the completion of the sale, the insider owned 117,344 shares of the company’s stock, valued at $11,299,053.76. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Niraj Shah sold 69,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $103.36, for a total value of $7,131,840.00. Following the transaction, the chief executive officer directly owned 360,137 shares in the company, valued at $37,223,760.32. This represents a 16.08% 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 143,925 shares of company stock worth $14,834,198 in the last 90 days. 18.44% of the stock is owned by corporate insiders.

Institutional Trading of Wayfair

Several large investors have recently bought and sold shares of the stock. Havemeyer Place LP purchased a new stake in Wayfair during the 4th quarter valued at about $39,000. Kestra Advisory Services LLC acquired a new position in Wayfair in the 4th quarter worth approximately $44,000. Larson Financial Group LLC lifted its stake in Wayfair by 30.0% during the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after acquiring an additional 120 shares during the period. Comerica Bank boosted its holdings in shares of Wayfair by 56.5% in the 3rd quarter. Comerica Bank now owns 634 shares of the company’s stock valued at $57,000 after acquiring an additional 229 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Wayfair in the 4th quarter valued at $71,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Rosenblatt upgraded Wayfair to “strong-buy,” strengthening the firm’s positive view of the online home-furnishings retailer. Zacks.com
• Positive Sentiment: Rosenblatt also initiated coverage with a “buy” rating and a $125 price target, implying roughly 21% upside from the cited price. Analysts reportedly view Wayfair as a potential beneficiary of artificial-intelligence-driven improvements, including better search, personalization and operating efficiency. Benzinga
• Positive Sentiment: Wayfair’s planned Dublin outlet, along with continued product visibility through home, lifestyle and entertainment-related coverage, could support customer acquisition and brand awareness. Wayfair Outlet sets Dublin opening date
• Neutral Sentiment: Multiple articles highlight discounted furniture and seasonal promotions at Wayfair. These may help stimulate demand and clear inventory, but heavy discounting can also pressure margins and does not by itself indicate stronger underlying profitability. Wayfair chaise lounge promotion
• Negative Sentiment: A lawsuit alleging that Wayfair passed over an employee despite a top performance rating creates potential legal costs and reputational risk, though the financial impact is currently unclear. Wayfair employment lawsuit
• Negative Sentiment: Despite the favorable Rosenblatt commentary, Wayfair stock was also reported to be trading lower, suggesting profit-taking or broader market concerns are offsetting the analyst-driven optimism. Why Wayfair stock is trading lower

About Wayfair

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.