Key Points
- Insider sale: Wayfair insider Jon Blotner sold 4,997 shares at an average price of $105.84 for roughly $528,882, reducing his holding by 4.5% to 106,107 shares, with the trade disclosed in an SEC filing.
- Earnings and analyst view: Wayfair beat Q expectations with $0.70 EPS and $3.12 billion revenue, yet analysts forecast a full-year EPS of -2.54; the consensus rating is a Moderate Buy with a $105.29 price target and several firms raising targets up to $135.
- Stock profile: Shares trade near $105 with a 52-week range of $20.41–$114.92, a market cap of about $13.74 billion, a negative PE of -41.18, high beta (3.31), and roughly 89.7% of stock held by institutions.
Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 4,997 shares of Wayfair stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $105.84, for a total value of $528,882.48. Following the transaction, the insider owned 106,107 shares of the company's stock, valued at $11,230,364.88. This trade represents a 4.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Wayfair Stock Down 1.1%
Shares of Wayfair stock opened at $105.41 on Tuesday. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $114.92. The business has a 50 day moving average price of $102.31 and a 200-day moving average price of $83.47. The company has a market cap of $13.74 billion, a PE ratio of -41.18 and a beta of 3.31.
Wayfair (NYSE:W - Get Free Report) last announced its earnings results on Tuesday, October 28th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $3.12 billion for the quarter, compared to analysts' expectations of $3.01 billion. During the same period in the previous year, the firm earned $0.22 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, research analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current year.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on W. UBS Group raised their price target on shares of Wayfair from $102.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Wayfair in a research note on Wednesday, October 8th. Truist Financial boosted their target price on Wayfair from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft set a $75.00 target price on Wayfair in a report on Friday, October 24th. Finally, Bank of America upgraded Wayfair from a "neutral" rating to a "buy" rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.29.
View Our Latest Analysis on W
Hedge Funds Weigh In On Wayfair
Several institutional investors have recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Wayfair by 4.1% in the third quarter. Capital World Investors now owns 13,374,574 shares of the company's stock valued at $1,194,750,000 after buying an additional 521,240 shares during the period. Vanguard Group Inc. increased its holdings in Wayfair by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,562,050 shares of the company's stock worth $854,178,000 after acquiring an additional 397,572 shares during the last quarter. Spruce House Investment Management LLC increased its holdings in Wayfair by 37.6% in the 2nd quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company's stock worth $153,420,000 after acquiring an additional 819,615 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Wayfair by 826.0% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company's stock valued at $251,648,000 after acquiring an additional 2,512,854 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Wayfair by 3.7% during the second quarter. Geode Capital Management LLC now owns 1,661,496 shares of the company's stock valued at $84,985,000 after purchasing an additional 59,083 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company's stock.
About Wayfair
(
Get Free Report)
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.
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