Wayfair Inc. (NYSE:W) Given Consensus Recommendation of “Hold” by Analysts


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Shares of Wayfair Inc. (NYSE:W) have been assigned an average recommendation of “Hold” from the thirty-six ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $273.61.

Several analysts have issued reports on the stock. ValuEngine cut shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Tuesday, December 1st. JPMorgan Chase & Co. lowered their price objective on Wayfair from $237.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 2nd. Robert W. Baird reduced their target price on Wayfair from $315.00 to $305.00 in a research report on Tuesday, November 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on Wayfair from $225.00 to $230.00 in a report on Thursday, November 5th. Finally, Jefferies Financial Group dropped their price target on Wayfair from $363.00 to $360.00 and set a “buy” rating for the company in a research report on Wednesday, November 4th.

Shares of Wayfair stock opened at $225.81 on Wednesday. The firm’s 50 day moving average is $250.67 and its 200 day moving average is $263.43. The firm has a market capitalization of $22.46 billion, a PE ratio of -32.35, a price-to-earnings-growth ratio of 98.63 and a beta of 3.43. Wayfair has a 1 year low of $21.70 and a 1 year high of $349.08.

Wayfair (NYSE:W) last posted its earnings results on Tuesday, November 3rd. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $1.85. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.66 billion. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($2.23) EPS. As a group, equities research analysts predict that Wayfair will post 0.13 EPS for the current year.

In other Wayfair news, insider Steve Oblak sold 3,399 shares of the firm’s stock in a transaction that occurred on Wednesday, December 16th. The shares were sold at an average price of $266.62, for a total transaction of $906,241.38. Following the completion of the transaction, the insider now owns 139,244 shares of the company’s stock, valued at $37,125,235.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Spruce House Partnership Llc sold 293,493 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $297.02, for a total value of $87,173,290.86. The disclosure for this sale can be found here. Insiders sold a total of 429,433 shares of company stock worth $127,647,077 over the last ninety days. Insiders own 30.86% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its holdings in shares of Wayfair by 14.4% in the second quarter. PNC Financial Services Group Inc. now owns 486 shares of the company’s stock worth $96,000 after buying an additional 61 shares during the last quarter. Xponance Inc. increased its holdings in Wayfair by 1.0% in the 3rd quarter. Xponance Inc. now owns 6,263 shares of the company’s stock worth $1,823,000 after acquiring an additional 63 shares in the last quarter. Summit X LLC purchased a new stake in Wayfair in the 3rd quarter worth approximately $29,000. Freestone Capital Holdings LLC bought a new stake in Wayfair during the 3rd quarter worth approximately $25,000. Finally, CIBC Asset Management Inc boosted its position in shares of Wayfair by 2.5% in the third quarter. CIBC Asset Management Inc now owns 3,490 shares of the company’s stock worth $1,016,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds own 81.27% of the company’s stock.

About Wayfair

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately eighteen 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 brands.

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Analyst Recommendations for Wayfair (NYSE:W)

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