Wayfair (NYSE:W) Stock Gets Price Target Bump from TD Cowen

Wayfair (NYSE:W) had its price objective boosted by equities research analysts at TD Cowen from $110.00 to $114.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen‘s price objective would indicate a potential upside of 1.71% from the stock’s previous close.

A number of other research firms also recently commented on W. BMO Capital Markets raised their price objective on shares of Wayfair from $105.00 to $115.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $120.00 target price on shares of Wayfair in a research note on Wednesday, August 5th. Guggenheim increased their price target on shares of Wayfair from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Wayfair from $96.00 to $128.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Mizuho set a $132.00 price target on shares of Wayfair in a research note on Thursday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Wayfair presently has an average rating of “Moderate Buy” and an average price target of $128.57.

Wayfair Stock Down 1.1%

W stock traded down $1.30 during mid-day trading on Thursday, reaching $112.08. 1,644,054 shares of the stock traded hands, compared to its average volume of 2,011,016. The firm has a market capitalization of $14.79 billion, a PE ratio of -89.67, a P/E/G ratio of 4.07 and a beta of 3.10. The business has a 50-day moving average of $105.88 and a two-hundred day moving average of $89.19. Wayfair has a 52 week low of $55.60 and a 52 week high of $127.99.

Wayfair (NYSE:W) last announced its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the previous year, the firm posted $0.70 earnings per share. Wayfair’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Wayfair will post 0.97 EPS for the current fiscal year.

Insider Activity at Wayfair

In related news, CTO Fiona Tan sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $122.73, for a total value of $859,110.00. Following the completion of the sale, the chief technology officer owned 181,698 shares of the company’s stock, valued at $22,299,795.54. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 500 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the sale, the insider owned 115,385 shares of the company’s stock, valued at approximately $13,846,200. The trade was a 0.43% decrease in their position. The SEC filing for this sale provides additional information. 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. 18.44% of the stock is owned by company insiders.

Institutional Investors Weigh In On Wayfair

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Atreides Management LP lifted its stake in Wayfair by 64.3% in the first quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock valued at $107,625,000 after acquiring an additional 560,133 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Wayfair by 46.4% during the 1st 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 last quarter. Janus Henderson Group PLC increased its stake in shares of Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock worth $290,813,000 after purchasing an additional 296,233 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Wayfair by 42.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock valued at $75,654,000 after purchasing an additional 242,791 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of Wayfair in the 2nd quarter valued at about $16,362,000. 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: 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

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.