Wayfair (NYSE:W) Stock Gets Price Target Bump from Deutsche Bank Aktiengesellschaft

Wayfair (NYSE:W) had its price objective boosted by research analysts at Deutsche Bank Aktiengesellschaft from $120.00 to $140.00 in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price points to a potential upside of 22.34% from the company’s previous close.

W has been the topic of several other research reports. Morgan Stanley restated an “overweight” rating and issued a $145.00 price objective (up from $110.00) on shares of Wayfair in a research note on Wednesday, August 5th. JPMorgan Chase & Co. lifted their target price on Wayfair from $125.00 to $136.00 and gave the stock an “overweight” rating in a research note on Monday. Zacks Research upgraded Wayfair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating and set a $108.00 price target (down from $123.00) on shares of Wayfair in a report on Tuesday, August 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $128.57.

Wayfair Trading Up 0.9%

Shares of Wayfair stock traded up $1.06 during trading on Thursday, hitting $114.44. 78,113 shares of the stock were exchanged, compared to its average volume of 3,364,848. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of -91.55, a price-to-earnings-growth ratio of 4.26 and a beta of 3.10. The company has a fifty day moving average price of $105.74 and a 200-day moving average price of $89.17. Wayfair has a 1-year low of $55.60 and a 1-year high of $127.99.

Wayfair (NYSE:W) last issued its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. Wayfair had a negative net margin of 1.21% and a negative return on equity of 5.14%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the firm earned $0.70 EPS. Wayfair’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that Wayfair will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Steven Conine sold 117,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the transaction, the director directly owned 105,073 shares in the company, valued at approximately $11,689,371.25. The trade was a 52.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Niraj Shah sold 117,000 shares of the company’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the sale, the chief executive officer owned 105,137 shares of the company’s stock, valued at $11,696,491.25. The trade was a 52.67% 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 quarter, insiders have sold 677,070 shares of company stock worth $72,236,934. Company insiders own 18.44% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. raised its position in Wayfair by 10.5% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,836 shares of the company’s stock worth $187,000 after purchasing an additional 175 shares during the last quarter. Maryland State Retirement & Pension System lifted its holdings in Wayfair by 13.2% during the 3rd quarter. Maryland State Retirement & Pension System now owns 6,436 shares of the company’s stock worth $660,000 after buying an additional 748 shares during the period. Machina Capital S.A.S. bought a new stake in shares of Wayfair in the 3rd quarter valued at about $354,000. Lido Advisors LLC grew its position in shares of Wayfair by 451.2% in the 3rd quarter. Lido Advisors LLC now owns 16,226 shares of the company’s stock valued at $1,664,000 after buying an additional 13,282 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of Wayfair in the 3rd quarter valued at about $622,000. Institutional investors and hedge funds own 89.67% of the company’s stock.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Analysts raised targets and ratings. RBC lifted its target to $128 while maintaining Sector Perform; BNP Paribas Exane raised its target to $134 with a Neutral rating. Needham raised its target to $145 and kept Buy, Wells Fargo raised its target to $140 and kept Overweight, and Gordon Haskett upgraded Wayfair to Buy with a $160 target. Read More., Read More., Read More., Read More., Read More.
• Positive Sentiment: Q3 results and U.S. growth were strong. Wayfair reported $0.93 in EPS and $3.42 billion in revenue, ahead of estimates; revenue rose 9.7% year over year. U.S. sales growth and market-share gains, alongside improved advertising-cost leverage, supported the results. Read More.
• Neutral Sentiment: Management sees continued growth, with execution still important. Wayfair forecast high-single-digit Q4 growth and a 6%–7% adjusted EBITDA margin, while highlighting loyalty programs, AI initiatives and store expansion. Read More.
• Negative Sentiment: Holiday marketing costs could weigh on margins. The Q4 outlook calls for heavier holiday advertising, which may limit the benefit of sales growth. The stock has also had a substantial recent run, potentially leaving it more sensitive to profit-taking or expectations. Read More.

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.