Wayfair Inc (W) Forecasted to Post FY2022 Earnings of $2.70 Per Share

Wayfair Inc (NYSE:W) – DA Davidson issued their FY2022 earnings per share estimates for Wayfair in a research note issued on Thursday. DA Davidson analyst T. Forte expects that the company will post earnings per share of $2.70 for the year. DA Davidson has a “Hold” rating and a $60.00 price target on the stock.

Other equities analysts also recently issued reports about the stock. Piper Jaffray Companies reissued an “overweight” rating and issued a $112.00 price target (up from $89.00) on shares of Wayfair in a report on Thursday. Wedbush reissued an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Zacks Investment Research downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Bank of America downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price target on the stock. in a report on Wednesday, January 3rd. Finally, Citigroup reissued a “hold” rating and issued a $80.00 price target on shares of Wayfair in a report on Friday, January 5th. Fourteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.32.

Shares of Wayfair (NYSE W) traded up $0.76 during trading hours on Friday, hitting $97.52. 1,030,956 shares of the company were exchanged, compared to its average volume of 1,197,742. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. The stock has a market cap of $8,498.43, a P/E ratio of -39.01 and a beta of 1.05. Wayfair has a 52 week low of $35.36 and a 52 week high of $98.73.

In other news, insider Edmond Macri sold 5,043 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $76.50, for a total transaction of $385,789.50. Following the sale, the insider now directly owns 125,586 shares in the company, valued at $9,607,329. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Michael D. Fleisher sold 4,628 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.81, for a total value of $309,196.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 59,930 shares of company stock worth $4,855,017. Insiders own 56.93% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in W. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 last quarter. Guggenheim Capital LLC increased its position in shares of Wayfair by 7.3% in the fourth quarter. Guggenheim Capital LLC now owns 9,629 shares of the company’s stock worth $773,000 after purchasing an additional 654 shares during the last quarter. Advisor Group Inc. increased its position in shares of Wayfair by 19.8% in the fourth quarter. Advisor Group Inc. now owns 4,023 shares of the company’s stock worth $323,000 after purchasing an additional 666 shares during the last quarter. Keybank National Association OH increased its position in shares of Wayfair by 8.7% in the fourth quarter. Keybank National Association OH now owns 8,620 shares of the company’s stock worth $692,000 after purchasing an additional 690 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Wayfair by 1.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 51,345 shares of the company’s stock worth $3,461,000 after purchasing an additional 800 shares during the last quarter. Hedge funds and other institutional investors own 67.16% of the company’s stock.

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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.

Earnings History and Estimates for Wayfair (NYSE:W)

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