Wayfair Inc. (NYSE:W) Director Sells $20,210.40 in Stock

Wayfair Inc. (NYSE:W) Director Anke Schaferkordt sold 420 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $48.12, for a total transaction of $20,210.40. Following the completion of the sale, the director now owns 12,831 shares of the company’s stock, valued at $617,427.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Wayfair Price Performance

W traded down $3.40 during midday trading on Monday, reaching $44.37. 6,182,208 shares of the company’s stock traded hands, compared to its average volume of 4,302,816. The stock has a market capitalization of $5.34 billion, a price-to-earnings ratio of -8.54 and a beta of 3.43. The firm has a fifty day moving average of $53.95 and a two-hundred day moving average of $57.26. Wayfair Inc. has a 52 week low of $38.37 and a 52 week high of $85.82.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.18 billion. Wayfair’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.27) earnings per share. Sell-side analysts forecast that Wayfair Inc. will post -2.93 EPS for the current year.

Institutional Investors Weigh In On Wayfair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital World Investors grew its position in Wayfair by 8.7% in the fourth quarter. Capital World Investors now owns 12,042,210 shares of the company’s stock valued at $743,004,000 after acquiring an additional 962,307 shares in the last quarter. Norges Bank acquired a new position in shares of Wayfair during the fourth quarter valued at $47,374,000. Kodai Capital Management LP acquired a new stake in Wayfair in the 4th quarter valued at approximately $23,552,000. Vanguard Group Inc. raised its stake in shares of Wayfair by 4.5% during the first quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock valued at $574,801,000 after purchasing an additional 363,948 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Wayfair in the 1st quarter worth approximately $13,690,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on W. The Goldman Sachs Group reduced their target price on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday. BMO Capital Markets increased their price objective on shares of Wayfair from $57.00 to $61.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. TD Cowen raised their target price on shares of Wayfair from $55.00 to $58.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Gordon Haskett cut Wayfair from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, StockNews.com lowered shares of Wayfair from a “hold” rating to a “sell” rating in a research report on Sunday, June 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.92.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.