Key Points
- Wayfair insider Jon Blotner sold 6,056 shares at an average price of $104.13, generating $630,611.28. The Rule 10b5-1 transaction was intended to cover tax withholding on vested equity awards, and he retained 116,431 shares.
- Wayfair reported quarterly revenue of $3.52 billion and adjusted earnings of $0.95 per share, exceeding analyst estimates of $3.47 billion and $0.90, respectively. Revenue increased 7.5% year over year, although the company remained unprofitable on a net-margin basis.
- Analyst sentiment is generally favorable, with a consensus rating of “Moderate Buy” and an average price target of $120.89. The stock opened at $106.19, compared with a 52-week range of $55.60 to $119.98.
Wayfair Inc. (NYSE:W - Get Free Report) insider Jon Blotner sold 6,056 shares of the business's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $104.13, for a total value of $630,611.28. Following the completion of the sale, the insider owned 116,431 shares in the company, valued at approximately $12,123,960.03. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jon Blotner also recently made the following trade(s):
- On Tuesday, September 8th, Jon Blotner sold 6,968 shares of Wayfair stock. The shares were sold at an average price of $100.22, for a total value of $698,332.96.
Wayfair Stock Up 4.9%
Shares of W opened at $106.19 on Tuesday. Wayfair Inc. has a twelve month low of $55.60 and a twelve month high of $119.98. The stock has a market capitalization of $14.02 billion, a P/E ratio of -43.17, a P/E/G ratio of 3.64 and a beta of 3.02. The company has a 50 day moving average of $101.02 and a 200-day moving average of $85.68.
Wayfair (NYSE:W - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.47 billion. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. On average, sell-side analysts anticipate that Wayfair Inc. will post 0.93 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on W. Citigroup boosted their price target on Wayfair from $95.00 to $133.00 and gave the stock a "buy" rating in a research report on Thursday, August 13th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Wayfair in a research report on Monday, September 14th. Mizuho lifted their target price on Wayfair from $90.00 to $110.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 29th. Benchmark began coverage on Wayfair in a report on Tuesday, July 7th. They set a "hold" rating on the stock. Finally, TD Cowen increased their price target on Wayfair from $75.00 to $110.00 and gave the company a "hold" rating in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $120.89.
View Our Latest Stock Analysis on Wayfair
Institutional Investors Weigh In On Wayfair
Several hedge funds have recently bought and sold shares of the stock. Havemeyer Place LP bought a new stake in shares of Wayfair during the fourth quarter worth approximately $39,000. IFP Advisors Inc increased its stake in shares of Wayfair by 79.2% during the second quarter. IFP Advisors Inc now owns 810 shares of the company's stock worth $75,000 after purchasing an additional 358 shares during the period. Polaris Financial Partners bought a new position in shares of Wayfair during the third quarter worth approximately $113,000. ABS Direct Equity Fund LLC acquired a new stake in Wayfair during the 1st quarter worth approximately $83,000. Finally, Parallel Advisors LLC boosted its stake in Wayfair by 18.6% in the 1st quarter. Parallel Advisors LLC now owns 1,661 shares of the company's stock valued at $125,000 after purchasing an additional 261 shares during the period. 89.67% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Wayfair
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Wayfair is promoting a broad, time-limited sales event with steep discounts across furniture, home goods, kitchen products and outdoor merchandise. The campaign could drive website traffic and customer purchases during a high-profile shopping period. Wayfair’s 5 Days of Deals sale
- Positive Sentiment: Multiple product-focused articles are increasing visibility for the promotion, including featured discounts on a stainless-steel gas grill and other home and kitchen products. This added exposure may support customer engagement and conversion. Wayfair gas grill promotion
- Neutral Sentiment: CTO Fiona Tan sold 7,000 shares, while insider Jon Blotner sold 6,056 shares. Both transactions were executed under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, reducing the likelihood that the sales signal negative views about Wayfair’s outlook. Fiona Tan insider filing
- Negative Sentiment: The heavy discounting could pressure gross margins if promotional sales are not offset by higher order volume or repeat purchases. The articles provide no evidence yet of the event’s financial results. Wayfair’s 5 Days of Deals discounts
About Wayfair
(
Get Free Report)
Wayfair Inc is an e-commerce company specializing in home furnishings and household goods. Through its online platforms, the company offers furniture, décor, lighting, rugs, mattresses, appliances, kitchen and bath products, outdoor items, and other products for residential and commercial spaces.
Wayfair operates its flagship Wayfair brand alongside specialty retail brands such as Joss & Main, AllModern, Birch Lane, and Perigold. Its platform connects customers with a broad network of suppliers and provides product discovery, ordering, delivery, customer service, and related home-shopping services.
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