Key Points
- Wayfair CEO Niraj Shah sold 69,000 shares at an average price of $103.35, generating approximately $7.13 million. The sale occurred under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 19.16%.
- Wayfair reported quarterly revenue of $3.52 billion, up 7.5% year over year, while earnings per share of $0.95 exceeded analysts’ $0.90 estimate. Despite the earnings beat, the company reported a negative net margin of 2.49%.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $119.89, compared with the stock’s opening price of $103.49. Institutional investors and hedge funds own approximately 89.67% of Wayfair’s shares.
Wayfair Inc. (NYSE:W - Get Free Report) CEO Niraj Shah sold 69,000 shares of Wayfair stock in a transaction on Monday, September 14th. The shares were sold at an average price of $103.35, for a total transaction of $7,131,150.00. Following the completion of the transaction, the chief executive officer owned 291,137 shares in the company, valued at approximately $30,089,008.95. This trade represents a 19.16% decrease in their ownership of the stock. The transaction 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.
Niraj Shah also recently made the following trade(s):
- On Wednesday, August 12th, Niraj Shah sold 69,000 shares of Wayfair stock. The stock was sold at an average price of $103.36, for a total transaction of $7,131,840.00.
Wayfair Stock Performance
W stock opened at $103.49 on Thursday. Wayfair Inc. has a one year low of $55.60 and a one year high of $119.98. The stock has a market capitalization of $13.66 billion, a PE ratio of -42.07, a price-to-earnings-growth ratio of 3.73 and a beta of 2.99. The company has a fifty day moving average of $97.45 and a 200-day moving average of $83.34.
Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.05. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business's quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts forecast that Wayfair Inc. will post 0.93 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have issued reports on W shares. Robert W. Baird set a $116.00 target price on Wayfair in a research report on Wednesday, August 5th. Wedbush raised their price target on Wayfair from $85.00 to $125.00 and gave the company a "neutral" rating in a report on Wednesday, August 5th. BMO Capital Markets lifted their price target on Wayfair from $105.00 to $115.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th. Benchmark assumed coverage on Wayfair in a report on Tuesday, July 7th. They set a "hold" rating on the stock. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Wayfair in a report on Tuesday, September 1st. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Wayfair presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.89.
Read Our Latest Stock Report on Wayfair
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Havemeyer Place LP purchased a new position in Wayfair in the fourth quarter valued at about $39,000. Larson Financial Group LLC boosted its stake in shares of Wayfair by 36.2% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the company's stock worth $71,000 after acquiring an additional 188 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Wayfair by 79.2% in the 2nd quarter. IFP Advisors Inc now owns 810 shares of the company's stock worth $75,000 after acquiring an additional 358 shares during the period. ABS Direct Equity Fund LLC purchased a new position in Wayfair in the 1st quarter valued at approximately $83,000. Finally, Rothschild Investment LLC increased its stake in Wayfair by 27.9% in the 4th quarter. Rothschild Investment LLC now owns 1,401 shares of the company's stock valued at $141,000 after purchasing an additional 306 shares in the last quarter. 89.67% of the stock is currently owned by institutional investors and hedge funds.
Wayfair Company Profile
(
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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