Zurcher Kantonalbank Zurich Cantonalbank Lowers Position in Wayfair Inc. $W

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Wayfair Inc. (NYSE:W) by 96.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,541 shares of the company’s stock after selling 797,220 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Wayfair were worth $3,167,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in W. Cornerstone Planning Group LLC lifted its stake in Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after acquiring an additional 282 shares during the period. Global Retirement Partners LLC lifted its stake in Wayfair by 156.3% in the third quarter. Global Retirement Partners LLC now owns 328 shares of the company’s stock worth $29,000 after acquiring an additional 200 shares during the period. True Wealth Design LLC lifted its stake in Wayfair by 250.5% in the third quarter. True Wealth Design LLC now owns 326 shares of the company’s stock worth $29,000 after acquiring an additional 233 shares during the period. Webster Bank N. A. purchased a new stake in Wayfair in the fourth quarter worth about $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in Wayfair in the fourth quarter worth about $33,000. 89.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Jon Blotner sold 4,790 shares of the stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total value of $345,790.10. Following the transaction, the insider owned 111,158 shares in the company, valued at approximately $8,024,496.02. This represents a 4.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 107,919 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $77.20, for a total transaction of $8,331,346.80. Following the completion of the transaction, the director owned 61,154 shares in the company, valued at approximately $4,721,088.80. This trade represents a 63.83% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 463,785 shares of company stock worth $35,390,942. 18.44% of the stock is owned by company insiders.

Key Stories Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wide, high-visibility coverage of Wayfair’s headline Way Day deals (big-ticket and high-percentage markdowns) signals increased site traffic and potential revenue acceleration. The 50 Best Wayfair Way Day Deals Are Up to 90% Off
• Positive Sentiment: Branded collaborations featured in the sale — notably Joanna Gaines’ rugs — can drive higher-margin, halo purchasing and customer acquisition. Coverage in People and AOL emphasizes demand for these SKUs. Joanna Gaines’ ‘Very Soft’ Rugs Are on Sale at Wayfair
• Positive Sentiment: Consumer Reports and other mainstream deal roundups calling out “best deals” lend credibility and broaden reach to value-oriented shoppers who may convert at higher rates. Best Deals During Wayfair’s Way Day Sale
• Positive Sentiment: Promotions on well-known brands and seasonal items (e.g., Weber grills, outdoor furniture) could lift average order volumes for outdoor-season categories. Wayfair is slashing prices on Weber grills
• Neutral Sentiment: Numerous smaller deal roundups (mattresses, planters, coolers, rugs) increase breadth of traffic but are unlikely alone to move fundamentals materially. Wayfair’s Way Day sale is here
• Neutral Sentiment: Product-specific coverage (e.g., renter-friendly planters, 2-in-1 coolers) contributes to user engagement but likely has limited near-term financial impact. Wayfair has a renter-friendly wheeled garden planter
• Negative Sentiment: Deep, site-wide discounts (multiple outlets report up to 80–90% off) could compress gross margins and weigh on near-term profitability even as revenue rises—an important watch item for investors. Wayfair has up to 80% off at this weekend’s Way Day sale

Wayfair Stock Up 2.4%

W opened at $78.76 on Friday. Wayfair Inc. has a 52-week low of $28.21 and a 52-week high of $119.98. The company has a market cap of $10.30 billion, a P/E ratio of -32.41, a price-to-earnings-growth ratio of 6.45 and a beta of 3.30. The firm’s 50-day moving average price is $76.46 and its 200-day moving average price is $91.71.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.21. Wayfair had a negative net margin of 2.51% and a negative return on equity of 1.52%. The firm had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter in the prior year, the company posted ($0.25) earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Wayfair Inc. will post 0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on W shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Wayfair in a research note on Monday, April 20th. Robert W. Baird reduced their target price on shares of Wayfair from $98.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, February 20th. JPMorgan Chase & Co. reduced their target price on shares of Wayfair from $114.00 to $105.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Wedbush reduced their target price on shares of Wayfair from $100.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Wayfair in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.62.

Wayfair Company Profile

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.