Key Points
- Wayfair CTO Fiona Tan sold 7,000 shares for about $859,000 at an average price of $122.73 on Nov. 5. The sale was under a pre-arranged Rule 10b5-1 plan; she retained 181,698 shares.
- Wayfair’s third-quarter results beat estimates, with adjusted earnings of $0.93 per share versus $0.80 expected and revenue of $3.42 billion versus $3.38 billion expected. Revenue rose 9.7% year over year.
- The company expects high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin in the fourth quarter, while higher holiday advertising spending could pressure near-term profitability.
Wayfair Inc. (NYSE:W - Get Free Report) CTO Fiona Tan sold 7,000 shares of the business's stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $122.73, for a total transaction of $859,110.00. Following the sale, the chief technology officer owned 181,698 shares of the company's stock, valued at $22,299,795.54. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Fiona Tan also recently made the following trade(s):
- On Wednesday, November 4th, Fiona Tan sold 8,000 shares of Wayfair stock. The shares were sold at an average price of $125.00, for a total value of $1,000,000.00.
- On Tuesday, October 20th, Fiona Tan sold 8,000 shares of Wayfair stock. The shares were sold at an average price of $115.00, for a total value of $920,000.00.
- On Thursday, October 1st, Fiona Tan sold 7,000 shares of Wayfair stock. The shares were sold at an average price of $102.18, for a total value of $715,260.00.
Wayfair Stock Down 1.1%
Shares of NYSE W opened at $112.08 on Friday. Wayfair Inc. has a 52-week low of $55.60 and a 52-week high of $127.99. The stock has a market capitalization of $14.79 billion, a P/E ratio of -89.67, a P/E/G ratio of 4.07 and a beta of 3.10. The firm's 50-day moving average price is $105.88 and its two-hundred day moving average price is $89.19.
Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.13. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same quarter in the prior year, the business earned $0.70 EPS. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts expect that Wayfair Inc. will post 0.97 earnings per share for the current year.
Wayfair News Summary
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
- Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
- Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
- Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin
Hedge Funds Weigh In On Wayfair
Several hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in shares of Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company's stock valued at $290,813,000 after buying an additional 296,233 shares during the last quarter. Atreides Management LP lifted its stake in Wayfair by 64.3% in the first quarter. Atreides Management LP now owns 1,430,997 shares of the company's stock valued at $107,625,000 after buying an additional 560,133 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Wayfair by 46.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company's stock valued at $77,923,000 after purchasing an additional 328,358 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Wayfair by 42.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company's stock valued at $75,654,000 after purchasing an additional 242,791 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Wayfair by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 310,825 shares of the company's stock valued at $23,377,000 after buying an additional 5,586 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on W shares. Wells Fargo & Company lifted their price objective on shares of Wayfair from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday. Needham & Company LLC lifted their price target on shares of Wayfair from $133.00 to $145.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird boosted their price objective on Wayfair from $116.00 to $117.00 and gave the stock a "neutral" rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Wayfair from $125.00 to $136.00 and gave the company an "overweight" rating in a report on Monday, November 2nd. Finally, Wedbush lifted their price target on Wayfair from $125.00 to $138.00 and gave the company a "neutral" rating in a research report on Thursday. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.57.
Check Out Our Latest Stock Report on W
Wayfair Company Profile
(
Get Free Report)
Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.
The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
