Investors Sell Shares of Wayfair Inc. (W) on Strength (W)
Traders sold shares of Wayfair Inc. (NYSE:W) on strength during trading hours on Tuesday. $19.73 million flowed into the stock on the tick-up and $40.23 million flowed out of the stock on the tick-down, for a money net flow of $20.50 million out of the stock. Of all companies tracked, Wayfair had the 0th highest net out-flow for the day. Wayfair traded up $2.11 for the day and closed at $46.45
A number of research firms have recently weighed in on W. Vetr lowered Wayfair from a “strong-buy” rating to a “buy” rating and set a $48.00 price objective for the company. in a research note on Wednesday, June 8th. Sterne Agee CRT began coverage on Wayfair in a research note on Wednesday, April 6th. They issued a “neutral” rating for the company. Zacks Investment Research lowered Wayfair from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. JPMorgan Chase & Co. assumed coverage on Wayfair in a research note on Monday, April 25th. They issued a “neutral” rating and a $45.00 price objective for the company. Finally, Buckingham Research assumed coverage on Wayfair in a research note on Monday, April 11th. They set a “buy” rating and a $52.00 price target for the company. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $53.18.
The stock has a 50-day moving average of $40.25 and a 200 day moving average of $40.54. The stock’s market cap is $3.93 billion.
Wayfair (NYSE:W) last issued its earnings results on Monday, May 9th. The company reported ($0.36) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by $0.03. The firm earned $747.30 million during the quarter, compared to analyst estimates of $693.95 million. During the same quarter in the prior year, the company posted ($0.23) EPS. Wayfair’s revenue was up 76.1% on a year-over-year basis. Equities analysts expect that Wayfair Inc. will post ($1.12) EPS for the current year.
In other news, CEO Niraj Shah sold 1,997 shares of Wayfair stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $40.10, for a total transaction of $80,079.70. Following the sale, the chief executive officer now owns 1,997 shares of the company’s stock, valued at approximately $80,079.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael D. Fleisher sold 7,500 shares of Wayfair stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $39.74, for a total transaction of $298,050.00. Following the sale, the chief financial officer now directly owns 29,693 shares in the company, valued at approximately $1,179,999.82. The disclosure for this sale can be found here.
Several hedge funds have recently added to or reduced their stakes in W. California State Teachers Retirement System raised its stake in Wayfair by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,171 shares of the company’s stock valued at $1,770,000 after buying an additional 632 shares during the last quarter. Russell Frank Co raised its stake in Wayfair by 72.5% in the fourth quarter. Russell Frank Co now owns 95,996 shares of the company’s stock valued at $4,697,000 after buying an additional 40,358 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Wayfair by 14.3% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 480,000 shares of the company’s stock valued at $22,858,000 after buying an additional 60,000 shares during the last quarter. First Trust Advisors LP purchased a new stake in Wayfair during the fourth quarter valued at approximately $2,895,000. Finally, Marshall Wace LLP purchased a new stake in Wayfair during the fourth quarter valued at approximately $5,425,000.
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.
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