Key Points
- Wayfair insider Jon Blotner sold 6,968 shares at an average price of $100.22, generating approximately $698,333. The transaction reduced his holdings by 5.94% to 110,376 shares and was conducted under a pre-arranged Rule 10b5-1 plan.
- Wayfair reported quarterly EPS of $0.95, beating estimates by $0.05, while revenue reached $3.52 billion and rose 7.5% year over year. The company continues to post a negative net margin.
- Shares opened at $97.52, with analysts assigning a consensus “Moderate Buy” rating and an average price target of $119.89; institutional investors own 89.67% of the stock.
Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 6,968 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $100.22, for a total transaction of $698,332.96. Following the sale, the insider owned 110,376 shares of the company's stock, valued at approximately $11,061,882.72. The trade was a 5.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jon Blotner also recently made the following trade(s):
- On Thursday, July 2nd, Jon Blotner sold 5,925 shares of Wayfair stock. The shares were sold at an average price of $96.29, for a total value of $570,518.25.
Wayfair Trading Down 2.6%
Shares of NYSE W opened at $97.52 on Friday. The stock has a fifty day simple moving average of $96.58 and a two-hundred day simple moving average of $82.58. Wayfair Inc. has a 1-year low of $55.60 and a 1-year high of $119.98. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of -39.64, a price-to-earnings-growth ratio of 3.60 and a beta of 2.99.
Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.47 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.The business's revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Analysts forecast that Wayfair Inc. will post 0.93 EPS for the current year.
Institutional Trading of Wayfair
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Havemeyer Place LP purchased a new stake in Wayfair during the 4th quarter worth about $39,000. Kestra Advisory Services LLC bought a new position in Wayfair in the 4th quarter worth about $44,000. Larson Financial Group LLC grew its holdings in Wayfair by 30.0% during the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company's stock valued at $46,000 after buying an additional 120 shares in the last quarter. Comerica Bank grew its holdings in Wayfair by 56.5% during the 3rd quarter. Comerica Bank now owns 634 shares of the company's stock valued at $57,000 after buying an additional 229 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Wayfair during the fourth quarter valued at about $71,000. 89.67% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
W has been the topic of a number of research reports. Royal Bank Of Canada boosted their price objective on Wayfair from $78.00 to $92.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Guggenheim increased their target price on shares of Wayfair from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Truist Financial lifted their target price on shares of Wayfair from $99.00 to $135.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. The Goldman Sachs Group reissued a "neutral" rating on shares of Wayfair in a research report on Wednesday, August 5th. Finally, UBS Group upped their price target on shares of Wayfair from $118.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.89.
Check Out Our Latest Stock Analysis on W
About Wayfair
(
Get Free Report)
Wayfair Inc is an e-commerce company focused on furniture, home furnishings and décor. Its online platform offers a broad assortment of products for rooms throughout the home, including furniture, mattresses, rugs, lighting, kitchen and dining items, outdoor furnishings, home improvement products and décor.
The company operates through the Wayfair brand and specialized retail brands such as Joss & Main, AllModern, Birch Lane and Perigold. It also serves business customers through Wayfair Professional, which provides products and services for commercial, hospitality and design-related projects.
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