Several analysts have recently updated their ratings and price targets for Wayfair (NYSE: W):

  • 5/9/2019 – Wayfair is now covered by analysts at Berenberg Bank. They set a “sell” rating and a $121.00 price target on the stock.
  • 5/3/2019 – Wayfair is no longer covered by analysts at Wedbush.
  • 5/2/2019 – Wayfair had its price target raised by analysts at Stifel Nicolaus from $132.00 to $150.00. They now have a “hold” rating on the stock. They wrote, “We see a strong opportunity for sustainable topline growth over the long term as the company continues to gain share. Slower near-term international growth and weaker margins keep us Hold rated.””
  • 4/27/2019 – Wayfair was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wayfair is currently suffering from mounting investment expenses. The company is aggressively investing in international regions. Although these investments will boost Wayfair’s international presence but obstruct in margin expansion. The company has negative record of earnings surprises in recent quarters. Nevertheless, the company’s strengthening direct retail business across the United States and international regions remains a major positive. Further, the company stays confident about growth prospects in markets, namely, Canada, U.K. and Germany as it has made efforts to expand its house-brand offerings in these countries. Notably, the stock has outperformed the industry it belongs to over a year. However, increasing advertising expenditures are concerns. Further, rising competition from e-commerce giant poses threat to the company’s market position.”
  • 4/19/2019 – Wayfair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wayfair ’s strengthening direct retail business across the United States and international regions remains a major positive. Further, the company stays confident about growth prospects in markets, namely, Canada, U.K. and Germany as it has made efforts to expand its house-brand offerings in these countries. However, the company is currently suffering from mounting investment expenses. It is aggressively investing in international regions. Although these investments will boost Wayfair’s international presence but obstruct in margin expansion. Further, rising competition from e-commerce giant poses threat to the company’s market position. Notably, the stock has outperformed the industry it belongs to over a year.”
  • 4/4/2019 – Wayfair was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Wayfair is currently suffering from mounting investment expenses. The company is aggressively investing in international regions. Although these investments will boost Wayfair’s international presence but obstruct in margin expansion. Nevertheless, the company’s strengthening direct retail business across the United States and international regions remains a major positive. Further, the company stays confident about growth prospects in markets, namely, Canada, U.K. and Germany as it has made efforts to expand its house-brand offerings in these countries. However, increasing advertising expenditures are concerns. Further, rising competition from e-commerce giant poses threat to the company’s market position. Notably, the stock has outperformed the industry it belongs to over a year.”
  • 3/21/2019 – Wayfair was upgraded by analysts at Gordon Haskett from a “hold” rating to an “accumulate” rating.
  • 3/20/2019 – Wayfair is now covered by analysts at Evercore ISI. They set an “outperform” rating and a $200.00 price target on the stock.
  • 3/18/2019 – Wayfair was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Wayfair ’s strengthening direct retail business across the United States and international regions remains a major positive. Further, the company stays confident about growth prospects in markets, namely, Canada, U.K. and Germany as it has made efforts to expand its house-brand offerings in these countries. However, the company is currently suffering from mounting investment expenses. It is aggressively investing in international regions. Although these investments will boost Wayfair’s international presence but obstruct in margin expansion. Further, rising competition from e-commerce giant poses threat to the company’s market position.”
  • 3/12/2019 – Wayfair had its price target raised by analysts at Loop Capital to $195.00. They now have a “positive” rating on the stock.

Shares of W stock traded down $2.62 on Friday, hitting $145.27. The company’s stock had a trading volume of 1,830,453 shares, compared to its average volume of 2,062,587. Wayfair Inc has a fifty-two week low of $76.60 and a fifty-two week high of $173.72. The company has a market capitalization of $13.56 billion, a PE ratio of -25.89 and a beta of 2.02.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($1.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.60) by ($0.02). The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the previous year, the business earned ($0.91) EPS. The business’s quarterly revenue was up 38.5% compared to the same quarter last year. On average, equities research analysts anticipate that Wayfair Inc will post -7.81 earnings per share for the current fiscal year.

In related news, CEO Niraj Shah sold 31,000 shares of the company’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $159.36, for a total transaction of $4,940,160.00. Following the completion of the sale, the chief executive officer now owns 93,080 shares of the company’s stock, valued at $14,833,228.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael D. Fleisher sold 1,900 shares of the company’s stock in a transaction dated Tuesday, February 19th. The stock was sold at an average price of $124.04, for a total transaction of $235,676.00. Following the sale, the chief financial officer now directly owns 130,778 shares of the company’s stock, valued at approximately $16,221,703.12. The disclosure for this sale can be found here. Insiders have sold 377,213 shares of company stock valued at $57,819,677 in the last ninety days. 33.86% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Allen Investment Management LLC raised its holdings in Wayfair by 8.7% in the 4th quarter. Allen Investment Management LLC now owns 1,245,000 shares of the company’s stock valued at $112,150,000 after buying an additional 100,000 shares during the last quarter. Legal & General Group Plc raised its holdings in Wayfair by 32.9% in the 3rd quarter. Legal & General Group Plc now owns 34,190 shares of the company’s stock valued at $5,049,000 after buying an additional 8,466 shares during the last quarter. FMR LLC raised its holdings in Wayfair by 3.6% in the 4th quarter. FMR LLC now owns 9,270,616 shares of the company’s stock valued at $835,097,000 after buying an additional 321,496 shares during the last quarter. Howland Capital Management LLC bought a new position in Wayfair in the 1st quarter valued at approximately $1,040,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Wayfair by 1.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,182 shares of the company’s stock valued at $1,097,000 after buying an additional 135 shares during the last quarter. 79.85% of the stock is owned by hedge funds and other institutional investors.

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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