Wayfair’s (W) Buy Rating Reaffirmed at Loop Capital

Wayfair (NYSE:W)‘s stock had its “buy” rating restated by stock analysts at Loop Capital in a research note issued to investors on Thursday.

Other research analysts have also issued research reports about the company. Piper Jaffray Companies reiterated an “overweight” rating and issued a $112.00 target price (up previously from $89.00) on shares of Wayfair in a research report on Thursday, February 15th. Wedbush reiterated an “outperform” rating on shares of Wayfair in a research report on Wednesday, December 27th. Bank of America set a $100.00 target price on Wayfair and gave the stock a “hold” rating in a research report on Tuesday, February 20th. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, MKM Partners set a $91.00 target price on Wayfair and gave the stock a “buy” rating in a research report on Friday, February 23rd. Twelve equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $83.96.

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Shares of Wayfair (NYSE W) opened at $86.26 on Thursday. Wayfair has a 12 month low of $35.45 and a 12 month high of $100.14. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of -8.60. The firm has a market capitalization of $7,630.00, a P/E ratio of -43.35 and a beta of 1.25.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). Wayfair had a negative net margin of 5.18% and a negative return on equity of 31,507.11%. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned ($0.34) EPS. Wayfair’s revenue for the quarter was up 46.2% compared to the same quarter last year. equities research analysts forecast that Wayfair will post -3.69 earnings per share for the current year.

In other Wayfair news, insider Steve Oblak sold 4,531 shares of Wayfair stock in a transaction on Monday, December 18th. The stock was sold at an average price of $76.83, for a total transaction of $348,116.73. Following the sale, the insider now owns 125,586 shares of the company’s stock, valued at approximately $9,648,772.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edmond Macri sold 600 shares of Wayfair stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $81.01, for a total value of $48,606.00. Following the sale, the insider now directly owns 848 shares in the company, valued at approximately $68,696.48. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 13,600 shares of company stock valued at $1,053,632 and have sold 81,904 shares valued at $7,247,880. Insiders own 56.93% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Wayfair by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after buying an additional 624 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Wayfair by 1,512.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after acquiring an additional 2,178 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Wayfair by 78.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after acquiring an additional 1,056 shares during the last quarter. Kennedy Capital Management Inc. acquired a new position in shares of Wayfair in the 4th quarter worth $215,000. Finally, MANA Advisors LLC acquired a new position in shares of Wayfair in the 4th quarter worth $219,000. 71.10% of the stock is currently owned by institutional investors.

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About Wayfair

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.

Analyst Recommendations for Wayfair (NYSE:W)

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