Wayfair (NYSE:W) Insider Sells $630,611.28 in Stock

Wayfair Inc. (NYSE:W) insider Jon Blotner sold 6,056 shares of the firm’s stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $104.13, for a total value of $630,611.28. Following the transaction, the insider owned 116,431 shares in the company, valued at approximately $12,123,960.03. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.

Jon Blotner also recently made the following trade(s):

• On Tuesday, September 8th, Jon Blotner sold 6,968 shares of Wayfair stock. The shares were sold at an average price of $100.22, for a total value of $698,332.96.

Wayfair Stock Performance

W opened at $104.59 on Thursday. The firm has a market cap of $13.81 billion, a P/E ratio of -42.52, a price-to-earnings-growth ratio of 3.79 and a beta of 3.02. Wayfair Inc. has a 52-week low of $55.60 and a 52-week high of $119.98. The business’s fifty day moving average is $101.54 and its 200-day moving average is $86.08.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, beating 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 business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Wayfair’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, research analysts predict that Wayfair Inc. will post 0.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on W. Needham & Company LLC boosted their target price on shares of Wayfair from $83.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Wayfair in a research report on Tuesday, September 1st. Truist Financial lifted their price objective on shares of Wayfair from $99.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. UBS Group upped their target price on Wayfair from $118.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Wayfair in a report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Wayfair presently has an average rating of “Moderate Buy” and an average price target of $120.89.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair expanded its partnership with Klarna, offering eligible U.S. customers always-on 0% APR financing for up to six months across Wayfair, Joss & Main, AllModern and Birch Lane. Canadian customers will also gain access to Klarna’s broader flexible-payment options, potentially improving conversion and affordability for large-ticket purchases. Wayfair and Klarna partnership
• Positive Sentiment: Piper reportedly set a $133 price target for W, providing an upbeat signal relative to recent trading levels. The target reflects optimism that easier payment options and improving home-goods demand can support Wayfair’s growth. Piper price target for Wayfair
• Positive Sentiment: Wayfair’s “5 Days of Deals” promotion, featuring discounts of up to 60%, is receiving broad media exposure. Featured products such as furniture, a futon, a sofa and home organizers could increase traffic and order volume during the high-profile shopping period. Wayfair 5 Days of Deals promotion
• Neutral Sentiment: Insiders Fiona Tan and Jon Blotner sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding tied to equity awards. The transactions modestly reduce insider ownership but do not necessarily indicate concerns about Wayfair’s outlook. Wayfair insider share sales
• Negative Sentiment: The aggressive promotions may weigh on gross margins if higher sales volumes do not offset lower prices. The articles offer no evidence yet of the campaign’s financial impact.

Institutional Investors Weigh In On Wayfair

A number of hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc lifted its stake in Wayfair by 4.1% in the 3rd quarter. Versant Capital Management Inc now owns 3,551 shares of the company’s stock valued at $364,000 after purchasing an additional 140 shares during the last quarter. Flynn Zito Capital Management LLC grew its stake in shares of Wayfair by 6.4% during the first quarter. Flynn Zito Capital Management LLC now owns 2,775 shares of the company’s stock worth $209,000 after buying an additional 168 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Wayfair by 0.7% during the second quarter. Arizona State Retirement System now owns 28,514 shares of the company’s stock worth $2,635,000 after buying an additional 201 shares during the last quarter. Triumph Capital Management increased its holdings in shares of Wayfair by 6.3% during the second quarter. Triumph Capital Management now owns 3,498 shares of the company’s stock worth $323,000 after buying an additional 207 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Wayfair by 18.6% during the first quarter. Parallel Advisors LLC now owns 1,661 shares of the company’s stock worth $125,000 after buying an additional 261 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Company Profile

Wayfair Inc is an e-commerce company specializing in home furnishings and household goods. Through its online platforms, the company offers furniture, décor, lighting, rugs, mattresses, appliances, kitchen and bath products, outdoor items, and other products for residential and commercial spaces.

Wayfair operates its flagship Wayfair brand alongside specialty retail brands such as Joss & Main, AllModern, Birch Lane, and Perigold. Its platform connects customers with a broad network of suppliers and provides product discovery, ordering, delivery, customer service, and related home-shopping services.