North Dakota State Investment Board Makes New $3.64 Million Investment in Wayfair Inc. $W

North Dakota State Investment Board purchased a new stake in Wayfair Inc. (NYSE:W) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 36,210 shares of the company’s stock, valued at approximately $3,636,000.

Other hedge funds have also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its holdings in shares of Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 282 shares during the period. Webster Bank N. A. bought a new stake in Wayfair during the fourth quarter valued at $30,000. V Square Quantitative Management LLC purchased a new position in Wayfair during the fourth quarter worth about $33,000. True Wealth Design LLC grew its position in Wayfair by 37.7% during the fourth quarter. True Wealth Design LLC now owns 449 shares of the company’s stock worth $45,000 after buying an additional 123 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Wayfair by 30.0% in the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $46,000 after acquiring an additional 120 shares during the last quarter. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Key Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair announced plans to open a new large-format retail store in Cincinnati in 2027, expanding its physical-store footprint and signaling continued investment in high-traffic U.S. markets. Wayfair Continues Nationwide Retail Expansion With New Cincinnati Store
• Positive Sentiment: The company is also promoting aggressive Memorial Day discounts across furniture, outdoor items, mattresses, and other home categories, which could help drive traffic and near-term sales momentum. Wayfair kicks off Memorial Day Clearance Event with up to 70% off thousands of items
• Positive Sentiment: Additional deal-focused coverage reinforces that Wayfair is leaning into seasonal promotions, which may support conversion rates and customer demand during a key shopping period.
• Neutral Sentiment: News about Wayfair opening a store in Cincinnati and taking over a large Oakley retail space highlights ongoing store expansion, but the financial impact will likely be gradual rather than immediate. Wayfair opening store in Cincinnati
• Neutral Sentiment: Wayfair priced $400 million of 7.125% senior secured notes due 2034, which improves liquidity but adds debt and interest expense, making the market view on the financing mixed. Wayfair Prices Offering of $400 Million Senior Secured Notes
• Negative Sentiment: The new debt offering may weigh on sentiment because it raises leverage and future financing costs, even though it also provides capital for operations and expansion.

Wayfair Stock Up 0.0%

NYSE W opened at $58.23 on Monday. The stock’s 50-day simple moving average is $72.95 and its two-hundred day simple moving average is $90.34. Wayfair Inc. has a twelve month low of $34.46 and a twelve month high of $119.98. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of -24.89, a PEG ratio of 3.32 and a beta of 3.02.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 EPS. On average, equities analysts expect that Wayfair Inc. will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wayfair news, insider Jon Blotner sold 4,790 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total transaction of $345,790.10. Following the transaction, the insider directly owned 111,158 shares in the company, valued at $8,024,496.02. This trade represents a 4.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 6,137 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $78.62, for a total transaction of $482,490.94. Following the completion of the sale, the chief executive officer owned 429,137 shares of the company’s stock, valued at approximately $33,738,750.94. The trade was a 1.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 703,785 shares of company stock valued at $54,004,173 over the last quarter. 18.44% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on W. Canaccord Genuity Group lowered their price target on Wayfair from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Mizuho cut their price objective on Wayfair from $110.00 to $90.00 and set an “outperform” rating for the company in a report on Friday, May 8th. UBS Group decreased their price objective on shares of Wayfair from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Company lowered their target price on shares of Wayfair from $125.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, May 1st. Finally, The Goldman Sachs Group set a $79.00 target price on shares of Wayfair in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.43.

Wayfair 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.