Wayfair Inc. (NYSE:W) Given New $69.00 Price Target at Credit Suisse Group

Wayfair Inc. (NYSE:W) had its target price trimmed by Credit Suisse Group from $78.00 to $69.00 in a report issued on Friday, November 3rd. The brokerage currently has a neutral rating on the stock.

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.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the business posted ($0.54) earnings per share. The firm’s revenue was up 39.1% on a year-over-year basis. research analysts anticipate that Wayfair will post -2.63 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally published by BBNS and is owned by of BBNS. If you are viewing this piece on another site, it was illegally copied and republished in violation of US & international copyright law. The legal version of this piece can be read at https://baseballnewssource.com/markets/wayfair-inc-w-given-new-69-00-price-target-at-credit-suisse-group/1755388.html.

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.

Analyst Recommendations for Wayfair (NYSE:W)

Receive News & Ratings for Wayfair Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees
Free Agency Season Has Finally Heated Up
Free Agency Season Has Finally Heated Up


Leave a Reply

 
© 2006-2017 BBNS.