Key Points
- CEO Niraj Shah sold 107,818 shares of Wayfair on March 23 at an average price of $77.19 for roughly $8.32 million, leaving him with 61,319 shares — a ~63.75% reduction in his ownership.
- The transaction, alongside similar large sales by founder Steven Conine and other recent insider disposals, is a potential negative signal for investors despite Wayfair's recent quarterly EPS beat and a short-term ~5.4% uptick in the stock.
Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 1,571 shares of the company's stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $77.18, for a total value of $121,249.78. Following the completion of the transaction, the chief executive officer directly owned 59,748 shares of the company's stock, valued at $4,611,350.64. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Niraj Shah also recently made the following trade(s):
- On Monday, March 23rd, Niraj Shah sold 107,818 shares of Wayfair stock. The shares were sold at an average price of $77.19, for a total transaction of $8,322,471.42.
- On Thursday, February 26th, Niraj Shah sold 27,000 shares of Wayfair stock. The stock was sold at an average price of $78.88, for a total transaction of $2,129,760.00.
- On Monday, February 23rd, Niraj Shah sold 93,000 shares of Wayfair stock. The stock was sold at an average price of $74.63, for a total transaction of $6,940,590.00.
- On Friday, January 23rd, Niraj Shah sold 150,000 shares of Wayfair stock. The shares were sold at an average price of $108.87, for a total transaction of $16,330,500.00.
- On Friday, December 26th, Niraj Shah sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $102.32, for a total transaction of $3,069,600.00.
Wayfair Stock Performance
Shares of NYSE:W opened at $79.47 on Thursday. Wayfair Inc. has a 52 week low of $20.41 and a 52 week high of $119.98. The firm has a market cap of $10.39 billion, a PE ratio of -32.71, a price-to-earnings-growth ratio of 5.57 and a beta of 3.40. The firm's fifty day moving average is $88.28 and its 200-day moving average is $93.50.
Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.21. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.Wayfair's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.25) earnings per share. Sell-side analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.
Wall Street Analyst Weigh In
W has been the subject of a number of analyst reports. UBS Group restated a "buy" rating on shares of Wayfair in a research report on Tuesday, February 17th. Wall Street Zen cut Wayfair from a "buy" rating to a "hold" rating in a report on Saturday, February 21st. Stifel Nicolaus decreased their target price on shares of Wayfair from $100.00 to $89.00 and set a "hold" rating for the company in a research report on Friday, February 20th. Robert W. Baird lowered their price target 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. Finally, Truist Financial dropped their price target on shares of Wayfair from $120.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $104.62.
Get Our Latest Stock Analysis on W
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC boosted its position in shares of Wayfair by 28,200.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 283 shares of the company's stock valued at $25,000 after purchasing an additional 282 shares in the last quarter. True Wealth Design LLC increased its holdings 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 purchasing an additional 233 shares in the last quarter. Global Retirement Partners LLC increased its holdings 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 purchasing an additional 200 shares in the last quarter. Webster Bank N. A. acquired a new position in Wayfair in the fourth quarter valued at approximately $30,000. Finally, V Square Quantitative Management LLC acquired a new position in Wayfair in the fourth quarter valued at approximately $33,000. 89.67% of the stock is owned by institutional investors and hedge funds.
More Wayfair News
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Widespread consumer-facing coverage and deal roundups could boost traffic and short-term sales momentum for Wayfair as the spring/outdoor season starts. 30 Best Wayfair Outlet Deals Of The Month
- Neutral Sentiment: Wayfair executives participated in Shoptalk conversations about AI and retail — a sign the company is focused on tech-driven merchandising and personalization but not an immediate earnings catalyst. Shoptalk Vegas Day 1: Gap, Sephora and Wayfair discuss retail in the age of AI
- Neutral Sentiment: Market-wide moves (e.g., easing geopolitical tensions) have helped lift many consumer names including Wayfair in short sessions; that’s macro-driven and may not reflect company-specific fundamentals. Carvana, Wayfair, and Remitly Stocks Trade Up, What You Need To Know
- Negative Sentiment: Founder/director Steven Conine sold a large block (107,919 shares on 3/23 and an additional 1,687 on 3/24), reducing his stake by a reported ~63% from prior levels — a transaction that can be interpreted as negative signal or simply personal liquidity. SEC filing: Conine Form 4
- Negative Sentiment: CEO Niraj Shah also sold a large block (107,818 shares on 3/23 and 1,571 on 3/24), reducing his ownership by roughly the same magnitude — another potential bearish signal that may concern investors. SEC filing: Shah Form 4
- Negative Sentiment: Wayfair was removed from the S&P Homebuilders Select Industry Index — index exit can force passive funds to sell and triggers fresh valuation scrutiny from investors and analysts. Wayfair’s Index Exit Prompts Fresh Look At Valuation And Future Growth Assumptions
Wayfair Company Profile
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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.
See Also
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