Wayfair (NYSE:W) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “Wayfair is well positioned in the home automation retail market. Its high revenues and strong metrics growth is a big positive. The management remains confident about growth in markets, namely, Canada, U.K. and Germany as the company has made efforts to expand its house-brand offerings in these countries. However, we remain concerned about increasing advertising expenditure and its impact on profitability. Unhealthy competition and high vulnerability to exchange rate volatility also remain concerns. In past 12 months, the stock has outperformed the industry it belongs to.”

Several other analysts also recently weighed in on the company. Oppenheimer boosted their price objective on Wayfair to $105.00 and gave the company an “outperform” rating in a research report on Friday. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating in a research report on Wednesday, January 31st. MKM Partners set a $107.00 price objective on Wayfair and gave the company a “buy” rating in a research report on Wednesday, January 24th. Stifel Nicolaus downgraded Wayfair from a “buy” rating to a “hold” rating and boosted their price objective for the company from $82.00 to $90.00 in a research report on Monday, January 22nd. They noted that the move was a valuation call. Finally, Cowen reiterated a “buy” rating on shares of Wayfair in a research report on Friday, January 12th. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $80.11.

Shares of Wayfair (NYSE:W) opened at $90.68 on Friday. 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 has a 12-month low of $35.36 and a 12-month high of $94.95.

In related news, insider Steven Conine sold 2,000 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $92.21, for a total value of $184,420.00. Following the sale, the insider now directly owns 31,796 shares of the company’s stock, valued at $2,931,909.16. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO John Champlin Mulliken sold 990 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $63.53, for a total value of $62,894.70. Following the completion of the sale, the chief technology officer now directly owns 187,128 shares in the company, valued at $11,888,241.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,010 shares of company stock valued at $4,913,814. 56.93% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Delta Asset Management LLC TN grew its stake in Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Wayfair by 52.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after purchasing an additional 624 shares during the period. Advisors Asset Management Inc. grew its stake in Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares during the period. Tower Research Capital LLC TRC grew its stake in Wayfair by 78.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after purchasing an additional 1,056 shares during the period. Finally, Mohican Financial Management LLC purchased a new stake in Wayfair in the third quarter worth $194,000. 66.89% of the stock is currently 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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