Michael D. Fleisher Sells 4,575 Shares of Wayfair Inc. (W) Stock
Wayfair Inc. (NYSE:W) CFO Michael D. Fleisher sold 4,575 shares of the stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $42.64, for a total transaction of $195,078.00. Following the transaction, the chief financial officer now owns 36,124 shares of the company’s stock, valued at approximately $1,540,327.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Wayfair Inc. (NYSE:W) opened at 42.81 on Friday. The firm has a 50-day moving average price of $40.02 and a 200-day moving average price of $40.41. The stock’s market cap is $3.64 billion. Wayfair Inc. has a 1-year low of $28.85 and a 1-year high of $50.00.
Wayfair (NYSE:W) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.41) by $0.02. The firm earned $755.70 million during the quarter, compared to analyst estimates of $782.43 million. Wayfair had a negative return on equity of 56.95% and a negative net margin of 4.20%. The business’s revenue was up 60.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. Equities analysts forecast that Wayfair Inc. will post ($1.67) EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its stake in Wayfair by 134.8% in the second quarter. Baillie Gifford & Co. now owns 1,509,644 shares of the company’s stock valued at $58,876,000 after buying an additional 866,829 shares in the last quarter. Samlyn Capital LLC bought a new stake in shares of Wayfair during the first quarter valued at $31,237,000. Emerald Acquisition Ltd. bought a new stake in shares of Wayfair during the second quarter valued at $20,508,000. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Wayfair by 99.8% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 640,840 shares of the company’s stock valued at $24,993,000 after buying an additional 320,074 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Wayfair by 60.9% in the second quarter. State of New Jersey Common Pension Fund D now owns 708,000 shares of the company’s stock valued at $27,612,000 after buying an additional 268,000 shares during the period. 71.84% of the stock is currently owned by institutional investors.
A number of equities analysts have weighed in on the stock. Maxim Group started coverage on shares of Wayfair in a research report on Thursday, May 26th. They set a “buy” rating and a $50.00 target price for the company. Wedbush lowered their target price on shares of Wayfair from $60.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th. William Blair began coverage on shares of Wayfair in a research note on Friday, June 10th. They issued a “market perform” rating on the stock. Longbow Research assumed coverage on shares of Wayfair in a research note on Thursday, June 16th. They issued a “neutral” rating on the stock. Finally, Oppenheimer Holdings Inc. reissued a “sector perform” rating on shares of Wayfair in a research note on Sunday, August 14th. Fourteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $51.49.
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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