Wayfair Inc. (NYSE:W) Receives $97.30 Average Price Target from Analysts

Wayfair Inc. (NYSE:W) has been given an average rating of “Moderate Buy” by the thirty-one analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $96.3333.

A number of analysts have recently issued reports on the company. Evercore set a $100.00 price objective on Wayfair in a research report on Friday, February 20th. Wells Fargo & Company lowered their price objective on Wayfair from $125.00 to $100.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Citigroup lowered their price objective on Wayfair from $135.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Royal Bank Of Canada lowered their price objective on Wayfair from $92.00 to $76.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 30th. Finally, Wall Street Zen cut Wayfair from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st.

Wayfair News Summary

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Multiple articles highlight Wayfair’s aggressive markdowns on patio furniture, rugs, griddles, storage sheds, and bedroom/living room items, which could support near-term traffic and conversion. The Blackstone 2-Burner griddle is having a rare markdown at Wayfair
• Positive Sentiment: Wayfair’s closeout sale and new patio arrivals are being showcased as deep-value shopping opportunities, which may reinforce the stock’s recent strength by signaling active merchandising and demand generation. Kelly Clarkson, Martha Stewart, and Joanna Gaines’ Area Rugs Are Hiding in Wayfair’s Closeout Sale — Up to 78% Off
• Positive Sentiment: Mizuho lowered its price target on Wayfair to $90 from $110, but kept an outperform rating, implying analysts still see meaningful upside from current levels. Wayfair price target lowered by Mizuho
• Neutral Sentiment: The broader consumer discretionary backdrop remains mixed, with investors watching whether discounting can offset still-cautious consumer spending trends. Consumer discretionary sector page
• Negative Sentiment: The cut in Mizuho’s price target is a reminder that Wall Street expectations have cooled, even if the firm remains constructive on the stock. Wayfair price target lowered by Mizuho

Wayfair Stock Up 0.1%

Shares of NYSE W opened at $66.25 on Friday. The business’s 50 day moving average is $74.76 and its two-hundred day moving average is $91.26. The company has a market cap of $8.66 billion, a P/E ratio of -28.31, a P/E/G ratio of 4.39 and a beta of 3.02. Wayfair has a 12 month low of $32.67 and a 12 month high of $119.98.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. Sell-side analysts expect that Wayfair will post 0.58 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Steven Conine sold 7,139 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $78.55, for a total transaction of $560,768.45. Following the sale, the director directly owned 429,073 shares in the company, valued at approximately $33,703,684.15. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 6,137 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $78.62, for a total value of $482,490.94. Following the sale, the chief executive officer owned 429,137 shares in the company, valued at approximately $33,738,750.94. This represents a 1.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 703,785 shares of company stock worth $54,004,173. Company insiders own 18.44% of the company’s stock.

Institutional Trading of Wayfair

Several institutional investors have recently bought and sold shares of the stock. Optas LLC boosted its stake in Wayfair by 2.1% in the 4th quarter. Optas LLC now owns 5,057 shares of the company’s stock valued at $508,000 after buying an additional 106 shares in the last quarter. Larson Financial Group LLC boosted its stake in Wayfair by 30.0% in the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after buying an additional 120 shares in the last quarter. Wedmont Private Capital boosted its stake in Wayfair by 3.3% in the 4th quarter. Wedmont Private Capital now owns 3,774 shares of the company’s stock valued at $415,000 after buying an additional 121 shares in the last quarter. True Wealth Design LLC boosted its stake in Wayfair by 37.7% in the 4th quarter. True Wealth Design LLC now owns 449 shares of the company’s stock valued at $45,000 after buying an additional 123 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Wayfair by 2.3% in the 4th quarter. State of Alaska Department of Revenue now owns 5,418 shares of the company’s stock valued at $544,000 after buying an additional 124 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.