A number of other equities analysts have also commented on the company. Canaccord Genuity reissued a buy rating on shares of Wayfair in a research note on Tuesday, August 8th. BidaskClub lowered Wayfair from a strong-buy rating to a buy rating in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. set a $88.00 price target on Wayfair and gave the company a buy rating in a research note on Friday, August 4th. Piper Jaffray Companies set a $87.00 price target on Wayfair and gave the company a buy rating in a research note on Friday, July 28th. Finally, Buckingham Research reaffirmed a buy rating and issued a $95.00 price objective (up from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $76.01.
Wayfair (W) traded up $0.16 during trading on Friday, reaching $68.25. The company had a trading volume of 623,060 shares, compared to its average volume of 1,549,070. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair has a 12 month low of $33.60 and a 12 month high of $84.19.
In related news, insider John Champlin Mulliken sold 700 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $67.55, for a total value of $47,285.00. Following the transaction, the insider now directly owns 185,943 shares in the company, valued at $12,560,449.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steve Oblak sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.92, for a total value of $31,168.00. Following the completion of the transaction, the senior vice president now owns 120,621 shares in the company, valued at $9,398,788.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 175,407 shares of company stock valued at $12,205,331. 56.93% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in shares of Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after acquiring an additional 667 shares during the period. UBS Group AG increased its position in shares of Wayfair by 55.5% during the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after acquiring an additional 960 shares during the period. Delta Asset Management LLC TN increased its position in shares of Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after acquiring an additional 1,500 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Wayfair during the first quarter worth $137,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Wayfair during the second quarter worth $138,000. 70.06% of the stock is currently owned by institutional investors and hedge funds.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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