Wayfair Inc. (NYSE:W) has received a consensus rating of “Buy” from the twenty-five analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $75.34.
A number of brokerages have recently commented on W. Zacks Investment Research cut Wayfair from a “hold” rating to a “sell” rating in a research note on Wednesday. Buckingham Research reaffirmed 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. DA Davidson began coverage on Wayfair in a research note on Wednesday, September 13th. They set a “neutral” rating and a $78.00 target price for the company. Piper Jaffray Companies set a $87.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Oppenheimer Holdings, Inc. set a $88.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Friday, August 4th.
Shares of Wayfair (NYSE:W) traded down $2.41 during mid-day trading on Friday, hitting $57.85. The stock had a trading volume of 2,845,609 shares, compared to its average volume of 2,944,262. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair has a one year low of $27.60 and a one year high of $84.19.
Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. Wayfair’s revenue was up 39.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.54) EPS. sell-side analysts expect that Wayfair will post -2.27 earnings per share for the current fiscal year.
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In other news, insider John Champlin Mulliken sold 941 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $62.37, for a total value of $58,690.17. Following the completion of the sale, the insider now owns 1,000 shares of the company’s stock, valued at approximately $62,370. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Steve Oblak sold 805 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $70.68, for a total value of $56,897.40. Following the completion of the sale, the senior vice president now directly owns 120,534 shares of the company’s stock, valued at approximately $8,519,343.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,989 shares of company stock valued at $23,669,543. Insiders own 56.93% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Jasper Ridge Partners L.P. lifted its holdings in Wayfair by 207.9% during the 3rd quarter. Jasper Ridge Partners L.P. now owns 88,946 shares of the company’s stock valued at $5,995,000 after purchasing an additional 60,062 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Wayfair by 74.3% during the 3rd quarter. Pacer Advisors Inc. now owns 8,548 shares of the company’s stock valued at $576,000 after purchasing an additional 3,645 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Wayfair by 249.6% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 12,600 shares of the company’s stock valued at $849,000 after purchasing an additional 8,996 shares during the last quarter. Columbus Circle Investors lifted its holdings in Wayfair by 297.8% during the 3rd quarter. Columbus Circle Investors now owns 137,264 shares of the company’s stock valued at $9,252,000 after purchasing an additional 102,759 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new stake in Wayfair during the 3rd quarter valued at $1,501,000. 66.32% of the stock is owned by institutional investors and hedge funds.
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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