Wayfair (W) Coverage Initiated by Analysts at Moffett Nathanson
Moffett Nathanson initiated coverage on shares of Wayfair (NYSE:W) in a report published on Monday, MarketBeat Ratings reports. The brokerage issued a buy rating on the stock.
W has been the topic of a number of other reports. Buckingham Research reissued a buy rating and set a $95.00 target price on shares of Wayfair in a report on Thursday, August 10th. Canaccord Genuity reissued a buy rating and set a $90.00 target price on shares of Wayfair in a report on Sunday, October 1st. Piper Jaffray Companies set a $89.00 target price on shares of Wayfair and gave the stock a buy rating in a report on Sunday, October 1st. Citigroup dropped their target price on shares of Wayfair from $80.00 to $66.00 and set a buy rating on the stock in a report on Friday, November 3rd. Finally, DA Davidson reissued a hold rating and set a $60.00 target price on shares of Wayfair in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have issued a buy rating to the company. Wayfair currently has an average rating of Buy and a consensus price target of $76.01.
Wayfair (W) traded up $1.15 on Monday, reaching $74.92. 720,200 shares of the company traded hands, compared to its average volume of 1,541,651. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. Wayfair has a 1 year low of $34.30 and a 1 year high of $84.19.
Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm’s quarterly revenue was up 39.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.54) earnings per share. equities research analysts anticipate that Wayfair will post -2.63 EPS for the current fiscal year.
In related news, insider John Champlin Mulliken sold 700 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $67.99, for a total value of $47,593.00. Following the completion of the transaction, the insider now owns 184,595 shares in the company, valued at approximately $12,550,614.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Steve Oblak sold 400 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $77.92, for a total transaction of $31,168.00. Following the completion of the transaction, the senior vice president now owns 120,621 shares of the company’s stock, valued at approximately $9,398,788.32. The disclosure for this sale can be found here. Insiders have sold 55,951 shares of company stock valued at $4,065,995 in the last 90 days. Insiders own 56.93% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in Wayfair by 96.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after acquiring an additional 667 shares during the last quarter. UBS Group AG lifted its stake in Wayfair by 55.5% during the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares in the last quarter. Delta Asset Management LLC TN lifted its stake in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after buying an additional 1,500 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in Wayfair during the second quarter valued at about $138,000. Finally, Advisors Asset Management Inc. lifted its stake in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after buying an additional 2,178 shares in the last quarter. 66.97% of the stock is owned by institutional investors.
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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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