Steven Conine Sells 1,687 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) Director Steven Conine sold 1,687 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $77.14, for a total transaction of $130,135.18. Following the transaction, the director directly owned 59,467 shares of the company’s stock, valued at approximately $4,587,284.38. This trade represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Steven Conine also recently made the following trade(s):

• On Monday, March 23rd, Steven Conine sold 107,919 shares of Wayfair stock. The shares were sold at an average price of $77.20, for a total transaction of $8,331,346.80.
• On Thursday, February 26th, Steven Conine sold 26,950 shares of Wayfair stock. The stock was sold at an average price of $78.86, for a total transaction of $2,125,277.00.
• On Monday, February 23rd, Steven Conine sold 93,050 shares of Wayfair stock. The stock was sold at an average price of $74.63, for a total transaction of $6,944,321.50.
• On Friday, January 23rd, Steven Conine sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $108.87, for a total transaction of $16,330,500.00.
• On Friday, December 26th, Steven Conine sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $102.33, for a total value of $3,069,900.00.

Wayfair Stock Up 5.4%

NYSE:W traded up $4.07 during trading hours on Wednesday, reaching $79.47. 3,434,288 shares of the stock were exchanged, compared to its average volume of 3,689,686. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $119.98. The business has a 50-day moving average of $88.98 and a two-hundred day moving average of $93.60. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of -32.71, a PEG ratio of 5.66 and a beta of 3.40.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.21. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the previous year, the business earned ($0.25) EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Wayfair

Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC increased its stake in Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 282 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Wayfair by 250.5% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after buying an additional 233 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Wayfair by 156.3% during the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Webster Bank N. A. acquired a new position in shares of Wayfair in the 4th quarter valued at $30,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Wayfair in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Repeated consumer-facing coverage and promotional stories highlight discounted products and outlet deals that can help drive short-term traffic and sales for Wayfair. Article Title
• Positive Sentiment: Roundups of Wayfair outlet deals and product promotions (seasonal merchandising) may support conversion and gross merchandise volume in the near term. Article Title
• Neutral Sentiment: Industry discussion at Shoptalk (Wayfair executives speaking on AI and retail) signals strategic focus on technology and customer experience but is a longer-term cue rather than an immediate earnings driver. Article Title
• Neutral Sentiment: Broader-market headlines (e.g., temporary market relief from geopolitical news) have helped consumer discretionary names trade up intermittently; such moves are market-driven and not company-specific. Article Title
• Negative Sentiment: Wayfair was removed from the S&P Homebuilders Select Industry Index — an index exit that can trigger fund rebalancing and reduce passive demand, prompting some investors to reassess valuation and growth assumptions. Article Title
• Negative Sentiment: Insider selling: Director Steven Conine sold a large block (107,919 shares on Mar. 23 and an additional 1,687 on Mar. 24), representing a substantial reduction in his position; filings are posted with the SEC. Such big insider disposals can create negative sentiment or add selling pressure. SEC Filing
• Negative Sentiment: Insider selling: CEO Niraj Shah sold a similarly large block (107,818 shares on Mar. 23 and 1,571 on Mar. 24), cutting his stake by roughly two-thirds; investors frequently view major executive sales as a negative signal or a source of short-term supply. SEC Filing

Analysts Set New Price Targets

Several research analysts have recently commented on W shares. Royal Bank Of Canada raised their price objective on shares of Wayfair from $86.00 to $92.00 and gave the company a “sector perform” rating in a research note on Friday, February 20th. Mizuho decreased their price target on shares of Wayfair from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Robert W. Baird dropped their price target on shares of Wayfair from $98.00 to $85.00 and set a “neutral” rating for the company in a research note on Friday, February 20th. Citigroup cut their price objective on Wayfair from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Wayfair in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Wayfair currently has an average rating of “Moderate Buy” and an average target price of $104.62.

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.