Wayfair Inc (NYSE:W) has earned a consensus recommendation of “Hold” from the twenty-six ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, eleven have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $146.71.

W has been the subject of several research reports. Deutsche Bank lifted their price target on Wayfair from $124.00 to $168.00 and gave the stock a “buy” rating in a research note on Monday, February 25th. Credit Suisse Group lifted their price target on Wayfair from $130.00 to $192.00 and gave the stock an “outperform” rating in a research note on Monday, February 25th. Evercore ISI initiated coverage on Wayfair in a research note on Wednesday, March 20th. They set an “outperform” rating and a $200.00 price target for the company. Wells Fargo & Co reaffirmed a “hold” rating and set a $145.00 price target on shares of Wayfair in a research note on Friday, February 22nd. Finally, Robert W. Baird lifted their price target on Wayfair from $108.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, February 25th.

In related news, COO James Savarese sold 1,285 shares of the business’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $92.74, for a total transaction of $119,170.90. Following the transaction, the chief operating officer now directly owns 462,375 shares of the company’s stock, valued at approximately $42,880,657.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Conine sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $97.99, for a total value of $391,960.00. Following the transaction, the insider now directly owns 67,122 shares in the company, valued at $6,577,284.78. The disclosure for this sale can be found here. Insiders have sold a total of 324,448 shares of company stock valued at $48,481,122 in the last quarter. Company insiders own 37.75% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in W. LS Investment Advisors LLC acquired a new position in Wayfair during the 4th quarter worth approximately $60,000. JS Capital Management LLC acquired a new position in Wayfair during the 3rd quarter worth approximately $103,000. Brandywine Global Investment Management LLC lifted its position in Wayfair by 7,322.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock worth $121,000 after acquiring an additional 1,318 shares in the last quarter. Enlightenment Research LLC acquired a new position in Wayfair during the 4th quarter worth approximately $144,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of Wayfair in the 4th quarter valued at approximately $144,000. 80.81% of the stock is currently owned by hedge funds and other institutional investors.

Wayfair stock traded up $0.58 during midday trading on Monday, reaching $147.81. The company’s stock had a trading volume of 512,407 shares, compared to its average volume of 1,794,071. The company has a market cap of $13.33 billion, a P/E ratio of -26.35 and a beta of 2.03. Wayfair has a fifty-two week low of $60.53 and a fifty-two week high of $173.72.

Wayfair (NYSE:W) last released its quarterly earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.80) by $0.68. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. The company’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.58) EPS. On average, equities analysts anticipate that Wayfair will post -7.81 EPS for the current fiscal year.

Wayfair Company Profile

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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Analyst Recommendations for Wayfair (NYSE:W)

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