Wayfair (W) Sets New 1-Year High at $95.20

Shares of Wayfair Inc (NYSE:W) reached a new 52-week high during trading on Wednesday . The company traded as high as $95.20 and last traded at $94.94, with a volume of 719594 shares. The stock had previously closed at $92.55.

A number of analysts recently commented on the stock. Piper Jaffray Companies reissued an “overweight” rating and set a $112.00 price objective (up previously from $89.00) on shares of Wayfair in a report on Thursday. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. Zacks Investment Research downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Oppenheimer boosted their price objective on shares of Wayfair to $105.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, Stifel Nicolaus downgraded shares of Wayfair from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $82.00 to $90.00 in a report on Monday, January 22nd. They noted that the move was a valuation call. Fourteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.32.

The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The firm has a market cap of $8,500.00, a P/E ratio of -38.86 and a beta of 1.05.

In related news, insider Edmond Macri sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $68.80, for a total transaction of $41,280.00. Following the transaction, the insider now owns 500 shares of the company’s stock, valued at $34,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Niraj Shah sold 1,213 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $76.35, for a total transaction of $92,612.55. Following the transaction, the chief executive officer now directly owns 25,414 shares in the company, valued at approximately $1,940,358.90. The disclosure for this sale can be found here. Insiders have sold 59,930 shares of company stock worth $4,855,017 in the last three months. Insiders own 56.93% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in Wayfair by 331.0% during the third quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock worth $39,351,000 after purchasing an additional 448,390 shares during the last quarter. Russell Investments Group Ltd. increased its position in Wayfair by 37.1% during the third quarter. Russell Investments Group Ltd. now owns 375,935 shares of the company’s stock worth $25,336,000 after purchasing an additional 101,696 shares during the last quarter. Rosenblum Silverman Sutton S F Inc. CA acquired a new position in Wayfair during the third quarter worth approximately $2,905,000. Allen Investment Management LLC increased its position in Wayfair by 11.4% during the third quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock worth $66,052,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Asset Management One Co. Ltd. acquired a new position in Wayfair during the third quarter worth approximately $4,235,000. 67.16% of the stock is currently owned by institutional investors and hedge funds.

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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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