James Savarese Sells 37,437 Shares of Wayfair Inc. (NYSE:W) Stock
Wayfair Inc. (NYSE:W) COO James Savarese sold 37,437 shares of Wayfair stock in a transaction on Friday, August 4th. The stock was sold at an average price of $80.15, for a total value of $3,000,575.55. Following the sale, the chief operating officer now directly owns 552,663 shares of the company’s stock, valued at approximately $44,295,939.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
James Savarese also recently made the following trade(s):
- On Thursday, July 27th, James Savarese sold 11,418 shares of Wayfair stock. The stock was sold at an average price of $79.93, for a total value of $912,640.74.
- On Wednesday, July 26th, James Savarese sold 29,482 shares of Wayfair stock. The stock was sold at an average price of $80.00, for a total value of $2,358,560.00.
- On Monday, July 17th, James Savarese sold 1,213 shares of Wayfair stock. The stock was sold at an average price of $76.53, for a total value of $92,830.89.
- On Thursday, June 15th, James Savarese sold 4,649 shares of Wayfair stock. The stock was sold at an average price of $70.92, for a total value of $329,707.08.
Wayfair Inc. (W) opened at 75.52 on Wednesday. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $80.50. The company’s market cap is $6.54 billion. The firm has a 50-day moving average price of $75.55 and a 200-day moving average price of $54.28.
Wayfair (NYSE:W) last announced its earnings results on Tuesday, August 8th. The company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.43. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Wayfair had a negative return on equity of 215.36% and a negative net margin of 5.84%. The company’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.43) EPS. On average, analysts forecast that Wayfair Inc. will post ($1.55) EPS for the current year.
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W has been the subject of a number of research reports. Gordon Haskett downgraded Wayfair from a “buy” rating to an “accumulate” rating and lifted their target price for the stock from $70.00 to $85.00 in a report on Tuesday, June 27th. Canaccord Genuity lifted their target price on Wayfair from $45.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, May 10th. Maxim Group reissued a “buy” rating and set a $53.00 target price (up previously from $45.00) on shares of Wayfair in a report on Tuesday, May 2nd. Zacks Investment Research raised Wayfair from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Thursday, April 27th. Finally, Buckingham Research lifted their target price on Wayfair from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, May 3rd. Ten equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.78.
A number of institutional investors have recently made changes to their positions in W. Principal Financial Group Inc. acquired a new position in shares of Wayfair during the second quarter worth $249,000. Allen Investment Management LLC raised its position in shares of Wayfair by 25.7% in the second quarter. Allen Investment Management LLC now owns 880,000 shares of the company’s stock worth $67,654,000 after buying an additional 180,000 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Wayfair by 18.9% in the second quarter. Pacer Advisors Inc. now owns 4,903 shares of the company’s stock worth $377,000 after buying an additional 779 shares in the last quarter. Utah Retirement Systems acquired a new position in shares of Wayfair during the second quarter worth $539,000. Finally, Penserra Capital Management LLC raised its position in shares of Wayfair by 307.3% in the second quarter. Penserra Capital Management LLC now owns 37,659 shares of the company’s stock worth $2,895,000 after buying an additional 28,412 shares in the last quarter.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
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