Wayfair’s (W) “Buy” Rating Reiterated at Cowen
A number of other equities research analysts have also recently issued reports on the stock. Robert W. Baird restated a hold rating and set a $73.00 price target on shares of Wayfair in a report on Thursday, September 28th. KeyCorp restated a hold rating on shares of Wayfair in a report on Friday, September 29th. Piper Jaffray Companies set a $89.00 price target on shares of Wayfair and gave the company a buy rating in a report on Sunday, October 1st. Canaccord Genuity restated a buy rating and set a $90.00 price target on shares of Wayfair in a report on Sunday, October 1st. Finally, Wedbush restated an outperform rating and set a $82.00 price target on shares of Wayfair in a report on Wednesday, October 4th. Twelve equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Wayfair has an average rating of Buy and a consensus target price of $77.64.
Shares of Wayfair (NYSE:W) traded up $0.19 during trading hours on Friday, reaching $85.58. 1,135,500 shares of the company were exchanged, compared to its average volume of 1,504,356. The company has a market capitalization of $7,520.00, a PE ratio of -34.37 and a beta of 0.96. Wayfair has a 12-month low of $35.36 and a 12-month high of $88.06. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17.
Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.03. The firm had revenue of $1.20 billion during 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%. Wayfair’s revenue for the quarter 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 analysts anticipate that Wayfair will post -2.78 earnings per share for the current year.
In related news, CFO Michael D. Fleisher sold 515 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $75.69, for a total value of $38,980.35. Following the completion of the transaction, the chief financial officer now owns 56,765 shares of the company’s stock, valued at $4,296,542.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edmond Macri sold 600 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $81.89, for a total transaction of $49,134.00. Following the completion of the transaction, the insider now directly owns 804 shares of the company’s stock, valued at approximately $65,839.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,634 shares of company stock valued at $3,891,377. 56.93% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of W. BNP Paribas Arbitrage SA increased its holdings in shares of Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares in the last quarter. Delta Asset Management LLC TN increased its holdings in shares of Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after buying an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after buying an additional 2,178 shares in the last quarter. Mohican Financial Management LLC acquired a new stake in shares of Wayfair during the third quarter worth approximately $194,000. Finally, Stifel Financial Corp acquired a new stake in shares of Wayfair during the third quarter worth approximately $223,000. 66.97% of the stock is owned by hedge funds and other 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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