Wayfair Inc. (NYSE:W) COO James Savarese sold 500 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $38.73, for a total value of $19,365.00. Following the transaction, the chief operating officer now directly owns 603,360 shares in the company, valued at $23,368,132.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

James Savarese also recently made the following trade(s):

  • On Wednesday, September 7th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $40.28, for a total value of $20,140.00.
  • On Wednesday, August 31st, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.40, for a total value of $19,200.00.
  • On Wednesday, August 24th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.18, for a total value of $19,090.00.
  • On Wednesday, August 17th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $37.80, for a total value of $18,900.00.
  • On Monday, August 15th, James Savarese sold 1,168 shares of Wayfair stock. The shares were sold at an average price of $39.40, for a total value of $46,019.20.
  • On Wednesday, August 10th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $38.41, for a total value of $19,205.00.
  • On Wednesday, August 3rd, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $46.14, for a total value of $23,070.00.
  • On Wednesday, July 27th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $40.32, for a total value of $20,160.00.
  • On Wednesday, July 20th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $39.67, for a total value of $19,835.00.
  • On Wednesday, July 13th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $41.73, for a total value of $20,865.00.

Wayfair Inc. (NYSE:W) opened at 42.10 on Monday. The company has a 50-day moving average of $40.42 and a 200-day moving average of $40.43. The stock’s market capitalization is $3.58 billion. Wayfair Inc. has a one year low of $28.85 and a one year high of $50.00.

Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.41) by $0.02. The firm had revenue of $755.70 million for the quarter, compared to the consensus estimate of $782.43 million. Wayfair had a negative net margin of 4.20% and a negative return on equity of 56.95%. The business’s revenue for the quarter was up 60.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, equities analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current fiscal year.

Several analysts recently issued reports on the company. Maxim Group set a $49.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Tuesday, August 9th. Veritas Investment Research reissued a “hold” rating on shares of Wayfair in a research note on Friday, August 5th. Vetr cut Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 target price on the stock. in a research note on Wednesday, June 8th. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Finally, Cowen and Company reissued a “buy” rating and issued a $61.00 target price on shares of Wayfair in a research note on Tuesday, June 21st. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.49.

Institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY increased its position in shares of Wayfair by 1.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 14,548 shares of the company’s stock valued at $629,000 after buying an additional 269 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Wayfair by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 124,005 shares of the company’s stock valued at $4,836,000 after buying an additional 422 shares during the last quarter. Teachers Advisors Inc. increased its position in shares of Wayfair by 2.3% in the first quarter. Teachers Advisors Inc. now owns 30,241 shares of the company’s stock valued at $1,307,000 after buying an additional 691 shares during the last quarter. Legal & General Group Plc increased its position in shares of Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Wayfair by 70.0% in the second quarter. BlackRock Inc. now owns 2,689 shares of the company’s stock valued at $105,000 after buying an additional 1,107 shares during the last quarter. Institutional investors own 72.02% of the company’s stock.

Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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