Wayfair Inc. (NYSE:W) Director Romero Rodrigues sold 374 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $76.21, for a total transaction of $28,502.54. Following the completion of the sale, the director now directly owns 9,809 shares of the company’s stock, valued at $747,543.89. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Romero Rodrigues also recently made the following trade(s):
- On Thursday, June 15th, Romero Rodrigues sold 52 shares of Wayfair stock. The stock was sold at an average price of $70.94, for a total transaction of $3,688.88.
- On Monday, May 15th, Romero Rodrigues sold 601 shares of Wayfair stock. The stock was sold at an average price of $60.43, for a total transaction of $36,318.43.
Shares of Wayfair Inc. (NYSE W) traded down 0.90% during mid-day trading on Friday, hitting $76.06. 716,065 shares of the stock were exchanged. The stock has a 50-day moving average price of $73.82 and a 200 day moving average price of $51.93. The firm’s market cap is $6.59 billion. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $79.33.
Wayfair (NYSE:W) last posted its quarterly earnings data on Tuesday, May 9th. The company reported ($0.48) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative net margin of 5.84% and a negative return on equity of 215.36%. The firm had revenue of $960.80 million for the quarter, compared to the consensus estimate of $934.84 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. On average, equities research analysts expect that Wayfair Inc. will post ($1.56) earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of the stock. First Personal Financial Services increased its position in shares of Wayfair by 15.1% in the first quarter. First Personal Financial Services now owns 2,475 shares of the company’s stock valued at $100,000 after buying an additional 325 shares during the period. UBS Group AG increased its position in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock valued at $109,000 after buying an additional 960 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Wayfair during the first quarter valued at $110,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock valued at $114,000 after buying an additional 247 shares during the period. Finally, Aperio Group LLC acquired a new position in shares of Wayfair during the second quarter valued at $217,000.
Several brokerages recently issued reports on W. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Wayfair in a research note on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price target on shares of Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Robert W. Baird increased their price target on shares of Wayfair from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 29th. Zacks Investment Research lowered shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Buckingham Research reiterated a “buy” rating and issued a $95.00 price target (up from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.03.
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.
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