A number of other analysts have also issued reports on W. Buckingham Research reiterated a buy rating and set a $95.00 price target (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. Piper Jaffray Companies set a $87.00 price target on shares of Wayfair and gave the stock a buy rating in a research note on Friday, July 28th. Wolfe Research initiated coverage on shares of Wayfair in a research note on Thursday, August 3rd. They set an outperform rating and a $88.00 price target on the stock. Oppenheimer Holdings, Inc. set a $88.00 price objective on Wayfair and gave the stock a buy rating in a research report on Friday, August 4th. Finally, BidaskClub downgraded Wayfair from a strong-buy rating to a buy rating in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company. Wayfair presently has a consensus rating of Buy and an average target price of $76.01.
Shares of Wayfair (NYSE W) traded up $1.41 on Thursday, reaching $68.09. 702,265 shares of the company traded hands, compared to its average volume of 1,553,185. Wayfair has a 12-month low of $32.61 and a 12-month high of $84.19. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19.
Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. Wayfair’s revenue was up 39.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.54) EPS. analysts expect that Wayfair will post -2.63 earnings per share for the current year.
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In other news, SVP Steve Oblak sold 400 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Niraj Shah sold 12,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $66.95, for a total value of $803,400.00. Following the completion of the transaction, the chief executive officer now owns 59,072 shares of the company’s stock, valued at approximately $3,954,870.40. The disclosure for this sale can be found here. Insiders sold 227,407 shares of company stock valued at $15,668,731 in the last quarter. 56.93% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of W. Bank of New York Mellon Corp boosted its stake in shares of Wayfair by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock valued at $5,231,000 after acquiring an additional 3,160 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of Wayfair during the first quarter valued at $1,650,000. Parametric Portfolio Associates LLC boosted its stake in shares of Wayfair by 407.4% during the first quarter. Parametric Portfolio Associates LLC now owns 51,285 shares of the company’s stock valued at $2,077,000 after acquiring an additional 41,178 shares during the last quarter. Legal & General Group Plc boosted its stake in Wayfair by 12.8% in the 1st quarter. Legal & General Group Plc now owns 11,529 shares of the company’s stock worth $466,000 after buying an additional 1,312 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Wayfair by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 2,605,201 shares of the company’s stock worth $105,484,000 after buying an additional 113,613 shares during the last quarter. 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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