Wayfair Inc. (W) Position Increased by Columbus Circle Investors
Columbus Circle Investors boosted its stake in Wayfair Inc. (NYSE:W) by 297.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,264 shares of the company’s stock after acquiring an additional 102,759 shares during the period. Columbus Circle Investors owned 0.16% of Wayfair worth $9,252,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. First Personal Financial Services lifted its position in Wayfair by 12.8% during the second quarter. First Personal Financial Services now owns 2,792 shares of the company’s stock valued at $215,000 after buying an additional 317 shares during the period. BNP Paribas Arbitrage SA lifted its position in Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after buying an additional 667 shares during the period. Pacer Advisors Inc. lifted its position in Wayfair by 18.9% during the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock valued at $377,000 after buying an additional 779 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Wayfair by 1.6% during the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock valued at $3,461,000 after buying an additional 800 shares during the period. Finally, Ingalls & Snyder LLC lifted its position in Wayfair by 0.7% during the second quarter. Ingalls & Snyder LLC now owns 114,751 shares of the company’s stock valued at $8,822,000 after buying an additional 825 shares during the period. Institutional investors and hedge funds own 70.06% of the company’s stock.
Shares of Wayfair Inc. (NYSE:W) traded up $0.49 during trading hours on Monday, reaching $66.39. The company’s stock had a trading volume of 1,246,800 shares, compared to its average volume of 1,559,674. Wayfair Inc. has a fifty-two week low of $32.61 and a fifty-two week high of $84.19. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.
Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.54) EPS. sell-side analysts forecast that Wayfair Inc. will post -2.63 earnings per share for the current year.
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In related news, insider Steven Conine sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $66.50, for a total transaction of $2,660,000.00. Following the completion of the transaction, the insider now directly owns 59,070 shares in the company, valued at approximately $3,928,155. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Steve Oblak sold 400 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.92, for a total value of $31,168.00. Following the transaction, the senior vice president now owns 120,621 shares of the company’s stock, valued at $9,398,788.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 235,079 shares of company stock valued at $16,180,139. Corporate insiders own 56.93% of the company’s stock.
Several equities analysts have commented on W shares. Credit Suisse Group lowered their price objective on Wayfair from $78.00 to $69.00 and set a “neutral” rating for the company in a research report on Friday, November 3rd. Ifs Securities assumed coverage on Wayfair in a research report on Friday, September 1st. They issued an “outperform” rating and a $85.00 price target for the company. Stifel Nicolaus raised Wayfair from a “hold” rating to a “buy” rating and lifted their price target for the stock from $75.00 to $78.00 in a research report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and issued a $72.00 price target (down previously from $82.00) on shares of Wayfair in a research report on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $73.00 price target on shares of Wayfair in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. Wayfair presently has a consensus rating of “Buy” and an average target price of $76.01.
Wayfair Company Profile
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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