Oppenheimer Increases Wayfair (W) Price Target to $105.00
Wayfair (NYSE:W) had its target price increased by equities research analysts at Oppenheimer to $105.00 in a research note issued on Friday. The firm currently has an “outperform” rating on the stock. Oppenheimer’s target price would indicate a potential upside of 15.79% from the company’s current price.
W has been the topic of a number of other reports. Gordon Haskett downgraded shares of Wayfair from a “buy” rating to an “accumulate” rating in a report on Wednesday, January 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $89.00 price target on shares of Wayfair in a report on Wednesday, December 13th. Moffett Nathanson began coverage on shares of Wayfair in a report on Monday, December 4th. They issued a “buy” rating on the stock. Canaccord Genuity reissued a “buy” rating and issued a $90.00 price target on shares of Wayfair in a report on Thursday, November 2nd. Finally, Cowen reissued a “buy” rating and issued a $72.00 price target (down from $82.00) on shares of Wayfair in a report on Wednesday, November 1st. Fourteen analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $80.11.
Wayfair (W) opened at $90.68 on Friday. 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 stock has a market cap of $7,815.11, a price-to-earnings ratio of -36.27 and a beta of 1.05. Wayfair has a fifty-two week low of $35.36 and a fifty-two week high of $94.95.
Institutional investors and hedge funds have recently made changes to their positions in the company. Delta Asset Management LLC TN grew its holdings 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 purchasing an additional 1,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after purchasing an additional 624 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Mohican Financial Management LLC purchased a new position in shares of Wayfair during the third quarter worth about $194,000. Hedge funds and other institutional investors own 66.89% of the company’s stock.
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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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