Wayfair (NYSE:W) Director Steven Conine Sells 107,919 Shares

Wayfair Inc. (NYSE:W) Director Steven Conine sold 107,919 shares of Wayfair stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $77.20, for a total transaction of $8,331,346.80. Following the completion of the transaction, the director owned 61,154 shares of the company’s stock, valued at $4,721,088.80. This trade represents a 63.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Steven Conine also recently made the following trade(s):

• On Tuesday, March 24th, Steven Conine sold 1,687 shares of Wayfair stock. The stock was sold at an average price of $77.14, for a total transaction of $130,135.18.
• On Thursday, February 26th, Steven Conine sold 26,950 shares of Wayfair stock. The shares were sold at an average price of $78.86, for a total transaction of $2,125,277.00.
• On Monday, February 23rd, Steven Conine sold 93,050 shares of Wayfair stock. The stock was sold at an average price of $74.63, for a total transaction of $6,944,321.50.
• On Friday, January 23rd, Steven Conine sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $108.87, for a total value of $16,330,500.00.
• On Friday, December 26th, Steven Conine sold 30,000 shares of Wayfair stock. The stock was sold at an average price of $102.33, for a total value of $3,069,900.00.

Wayfair Price Performance

Shares of NYSE W traded up $4.07 during mid-day trading on Wednesday, hitting $79.47. The company had a trading volume of 3,434,288 shares, compared to its average volume of 3,689,686. The company has a market capitalization of $10.39 billion, a PE ratio of -32.71, a price-to-earnings-growth ratio of 5.66 and a beta of 3.40. The business’s 50-day simple moving average is $88.98 and its 200 day simple moving average is $93.60. Wayfair Inc. has a 1-year low of $20.41 and a 1-year high of $119.98.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 19th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.64 by $0.21. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.The firm had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the previous year, the firm posted ($0.25) EPS. Wayfair’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts expect that Wayfair Inc. will post -2.54 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Capital World Investors lifted its stake in Wayfair by 0.6% in the fourth quarter. Capital World Investors now owns 13,457,158 shares of the company’s stock valued at $1,351,237,000 after buying an additional 82,584 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Wayfair by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,634,757 shares of the company’s stock valued at $967,426,000 after acquiring an additional 72,707 shares during the period. Renaissance Technologies LLC grew its position in shares of Wayfair by 3.5% during the fourth quarter. Renaissance Technologies LLC now owns 5,407,325 shares of the company’s stock worth $542,950,000 after acquiring an additional 180,558 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Wayfair by 4.9% in the 4th quarter. Janus Henderson Group PLC now owns 3,570,475 shares of the company’s stock valued at $358,514,000 after acquiring an additional 166,855 shares during the period. Finally, Spruce House Investment Management LLC increased its holdings in shares of Wayfair by 37.6% in the 2nd quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company’s stock valued at $153,420,000 after acquiring an additional 819,615 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on W shares. Needham & Company LLC restated a “buy” rating and set a $125.00 target price on shares of Wayfair in a research note on Friday, February 20th. Royal Bank Of Canada upped their price target on Wayfair from $86.00 to $92.00 and gave the company a “sector perform” rating in a report on Friday, February 20th. Wedbush cut their price objective on shares of Wayfair from $100.00 to $85.00 and set a “neutral” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group set a $92.00 price objective on shares of Wayfair in a research report on Friday, February 20th. Finally, Stifel Nicolaus lowered their target price on shares of Wayfair from $100.00 to $89.00 and set a “hold” rating for the company in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.62.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Repeated consumer-facing coverage and promotional stories highlight discounted products and outlet deals that can help drive short-term traffic and sales for Wayfair. Article Title
• Positive Sentiment: Roundups of Wayfair outlet deals and product promotions (seasonal merchandising) may support conversion and gross merchandise volume in the near term. Article Title
• Neutral Sentiment: Industry discussion at Shoptalk (Wayfair executives speaking on AI and retail) signals strategic focus on technology and customer experience but is a longer-term cue rather than an immediate earnings driver. Article Title
• Neutral Sentiment: Broader-market headlines (e.g., temporary market relief from geopolitical news) have helped consumer discretionary names trade up intermittently; such moves are market-driven and not company-specific. Article Title
• Negative Sentiment: Wayfair was removed from the S&P Homebuilders Select Industry Index — an index exit that can trigger fund rebalancing and reduce passive demand, prompting some investors to reassess valuation and growth assumptions. Article Title
• Negative Sentiment: Insider selling: Director Steven Conine sold a large block (107,919 shares on Mar. 23 and an additional 1,687 on Mar. 24), representing a substantial reduction in his position; filings are posted with the SEC. Such big insider disposals can create negative sentiment or add selling pressure. SEC Filing
• Negative Sentiment: Insider selling: CEO Niraj Shah sold a similarly large block (107,818 shares on Mar. 23 and 1,571 on Mar. 24), cutting his stake by roughly two-thirds; investors frequently view major executive sales as a negative signal or a source of short-term supply. SEC Filing

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.