Wayfair (W) to Release Earnings on Thursday

Wayfair (NYSE:W) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $3.07 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Wayfair Trading Down 0.6 %

Shares of W opened at $49.10 on Wednesday. The stock has a fifty day moving average of $46.85 and a two-hundred day moving average of $46.50. Wayfair has a fifty-two week low of $37.35 and a fifty-two week high of $76.18.

Wall Street Analyst Weigh In

W has been the subject of several analyst reports. Mizuho cut their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Truist Financial cut their price target on Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a report on Monday, November 4th. Royal Bank of Canada dropped their price objective on Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a report on Monday, November 4th. Finally, UBS Group dropped their price objective on Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a report on Tuesday, October 22nd. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and an average target price of $60.24.

Insider Buying and Selling at Wayfair

In other news, insider Steven Conine sold 30,000 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $53.14, for a total value of $1,594,200.00. Following the sale, the insider now owns 632,573 shares in the company, valued at approximately $33,614,929.22. This represents a 4.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jon Blotner sold 4,966 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.93, for a total transaction of $223,122.38. Following the completion of the sale, the insider now owns 68,089 shares in the company, valued at approximately $3,059,238.77. This trade represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 134,228 shares of company stock valued at $6,440,118 in the last ninety days. Insiders own 23.50% of the company’s stock.

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.