Wayfair Inc (NYSE:W) Receives Consensus Rating of “Hold” from Brokerages

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Shares of Wayfair Inc (NYSE:W) have been given an average recommendation of “Hold” by the twenty-seven research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $132.38.

A number of brokerages recently weighed in on W. Berenberg Bank assumed coverage on shares of Wayfair in a research note on Friday, September 20th. They set a “sell” rating and a $100.00 price objective on the stock. UBS Group set a $90.00 target price on shares of Wayfair and gave the company a “hold” rating in a research report on Friday, November 1st. Gordon Haskett lowered shares of Wayfair from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 31st. Piper Jaffray Companies lowered their target price on shares of Wayfair from $175.00 to $130.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Finally, Robert W. Baird dropped their price target on shares of Wayfair from $150.00 to $102.00 and set a “neutral” rating on the stock in a research report on Thursday, October 31st.

W remained flat at $$83.00 during trading hours on Tuesday. The company had a trading volume of 1,793,077 shares, compared to its average volume of 1,980,074. Wayfair has a 12-month low of $78.59 and a 12-month high of $173.72. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of -14.80 and a beta of 1.87. The business’s fifty day moving average is $93.32 and its 200-day moving average is $122.81.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($2.23) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.89) by $0.66. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm posted ($1.28) EPS. The company’s revenue was up 35.2% compared to the same quarter last year. As a group, equities research analysts forecast that Wayfair will post -10.59 earnings per share for the current year.

In other Wayfair news, insider James R. Miller sold 1,617 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $84.09, for a total transaction of $135,973.53. Following the completion of the sale, the insider now directly owns 16,076 shares of the company’s stock, valued at $1,351,830.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edmond Macri sold 300 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $122.80, for a total transaction of $36,840.00. Following the sale, the insider now directly owns 950 shares of the company’s stock, valued at $116,660. The disclosure for this sale can be found here. Insiders sold 33,751 shares of company stock worth $3,641,505 in the last ninety days. 33.86% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in W. CSat Investment Advisory L.P. acquired a new position in Wayfair in the 2nd quarter worth approximately $25,000. Harvest Fund Management Co. Ltd purchased a new position in Wayfair during the 2nd quarter worth approximately $77,000. Macquarie Group Ltd. purchased a new position in Wayfair during the 2nd quarter worth approximately $88,000. Personal Wealth Partners acquired a new stake in Wayfair during the 2nd quarter valued at $107,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Wayfair during the 2nd quarter valued at $111,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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Analyst Recommendations for Wayfair (NYSE:W)

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