Wayfair (NYSE:W) Director Steven Conine Sells 107,919 Shares

Wayfair Inc. (NYSE:W) Director Steven Conine sold 107,919 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $77.20, for a total transaction of $8,331,346.80. Following the completion of the sale, the director owned 61,154 shares of the company’s stock, valued at $4,721,088.80. This trade represents a 63.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 24th, Steven Conine sold 1,687 shares of Wayfair stock. The stock was sold at an average price of $77.14, for a total transaction of $130,135.18.
• 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 shares were 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 shares were 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 Trading Up 5.4%

NYSE W opened at $79.47 on Thursday. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of -32.71, a PEG ratio of 5.57 and a beta of 3.40. The business’s 50 day moving average is $88.28 and its two-hundred day moving average is $93.50. Wayfair Inc. has a 12-month low of $20.41 and a 12-month high of $119.98.

Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.85 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 business had revenue of $3.34 billion during the quarter, compared to analysts’ expectations of $3.30 billion. During the same period last year, the firm earned ($0.25) EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in W. Capital World Investors boosted its position in shares of Wayfair by 0.6% in the 4th quarter. Capital World Investors now owns 13,457,158 shares of the company’s stock worth $1,351,237,000 after buying an additional 82,584 shares in the last quarter. Vanguard Group Inc. increased its holdings in Wayfair by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,634,757 shares of the company’s stock valued at $967,426,000 after acquiring an additional 72,707 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Wayfair by 3.5% during the 4th quarter. Renaissance Technologies LLC now owns 5,407,325 shares of the company’s stock valued at $542,950,000 after acquiring an additional 180,558 shares in the last quarter. Janus Henderson Group PLC raised its position in Wayfair by 4.9% during the fourth quarter. Janus Henderson Group PLC now owns 3,570,475 shares of the company’s stock worth $358,514,000 after acquiring an additional 166,855 shares during the last quarter. Finally, Spruce House Investment Management LLC raised its position in Wayfair by 37.6% during the second quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company’s stock worth $153,420,000 after acquiring an additional 819,615 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on W. Weiss Ratings reiterated a “sell (d-)” rating on shares of Wayfair in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Wayfair from $114.00 to $105.00 and set an “overweight” rating on the stock in a report on Friday, February 20th. Truist Financial lowered their target price on shares of Wayfair from $120.00 to $105.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Wayfair in a report on Tuesday, March 10th. Finally, UBS Group reiterated a “buy” rating on shares of Wayfair in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.62.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Widespread consumer-facing coverage and deal roundups could boost traffic and short-term sales momentum for Wayfair as the spring/outdoor season starts. 30 Best Wayfair Outlet Deals Of The Month
• Neutral Sentiment: Wayfair executives participated in Shoptalk conversations about AI and retail — a sign the company is focused on tech-driven merchandising and personalization but not an immediate earnings catalyst. Shoptalk Vegas Day 1: Gap, Sephora and Wayfair discuss retail in the age of AI
• Neutral Sentiment: Market-wide moves (e.g., easing geopolitical tensions) have helped lift many consumer names including Wayfair in short sessions; that’s macro-driven and may not reflect company-specific fundamentals. Carvana, Wayfair, and Remitly Stocks Trade Up, What You Need To Know
• Negative Sentiment: Founder/director Steven Conine sold a large block (107,919 shares on 3/23 and an additional 1,687 on 3/24), reducing his stake by a reported ~63% from prior levels — a transaction that can be interpreted as negative signal or simply personal liquidity. SEC filing: Conine Form 4
• Negative Sentiment: CEO Niraj Shah also sold a large block (107,818 shares on 3/23 and 1,571 on 3/24), reducing his ownership by roughly the same magnitude — another potential bearish signal that may concern investors. SEC filing: Shah Form 4
• Negative Sentiment: Wayfair was removed from the S&P Homebuilders Select Industry Index — index exit can force passive funds to sell and triggers fresh valuation scrutiny from investors and analysts. Wayfair’s Index Exit Prompts Fresh Look At Valuation And Future Growth Assumptions

About Wayfair

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.