A number of other brokerages have also weighed in on W. UBS Group set a $90.00 price objective on Wayfair and gave the company a “hold” rating in a report on Friday, November 1st. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating and set a $99.00 price objective on the stock. in a report on Monday, January 6th. Deutsche Bank decreased their price objective on Wayfair from $142.00 to $104.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Gordon Haskett lowered Wayfair from an “accumulate” rating to a “hold” rating in a report on Thursday, October 31st. Finally, SunTrust Banks began coverage on Wayfair in a report on Friday, December 13th. They issued a “hold” rating and a $95.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Wayfair has an average rating of “Hold” and an average price target of $123.52.
Shares of W stock opened at $105.81 on Tuesday. The stock’s fifty day moving average is $89.73 and its two-hundred day moving average is $109.92. The firm has a market capitalization of $9.49 billion, a P/E ratio of -18.86 and a beta of 1.83. Wayfair has a fifty-two week low of $78.61 and a fifty-two week high of $173.72.
Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, October 31st. The company reported ($2.23) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.89) by $0.66. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.28 billion. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.28) EPS. As a group, equities research analysts predict that Wayfair will post -10.55 earnings per share for the current year.
In related news, insider Edmond Macri sold 1,200 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $120.00, for a total transaction of $144,000.00. Following the completion of the sale, the insider now directly owns 950 shares of the company’s stock, valued at approximately $114,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas Netzer sold 4,955 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $73.94, for a total value of $366,372.70. Following the sale, the chief operating officer now directly owns 6,309 shares of the company’s stock, valued at $466,487.46. The disclosure for this sale can be found here. Insiders sold a total of 16,621 shares of company stock valued at $1,415,765 over the last ninety days. Corporate insiders own 33.86% of the company’s stock.
Large investors have recently modified their holdings of the stock. CSat Investment Advisory L.P. acquired a new stake in shares of Wayfair during the 2nd quarter worth about $25,000. Sound Income Strategies LLC increased its position in shares of Wayfair by 200.0% during the 4th quarter. Sound Income Strategies LLC now owns 300 shares of the company’s stock worth $27,000 after purchasing an additional 200 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in shares of Wayfair during the 2nd quarter worth about $77,000. Macquarie Group Ltd. acquired a new stake in shares of Wayfair during the 2nd quarter worth about $88,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Wayfair during the 2nd quarter worth about $111,000. 81.02% of the stock is owned by hedge funds and other institutional investors.
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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