Analysts Set Wayfair Inc. (W) Target Price at $75.34
Wayfair Inc. (NYSE:W) has earned a consensus recommendation of “Buy” from the twenty-five ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $75.34.
W has been the subject of a number of recent research reports. Canaccord Genuity reissued a “buy” rating on shares of Wayfair in a report on Tuesday, August 8th. BidaskClub lowered Wayfair from a “strong-buy” rating to a “buy” rating in a report on Friday, August 4th. Oppenheimer Holdings, Inc. set a $88.00 price objective on Wayfair and gave the stock a “buy” rating in a report on Friday, August 4th. Buckingham Research reissued a “buy” rating and set a $95.00 price objective on shares of Wayfair in a report on Thursday, August 10th. Finally, Wedbush reissued a “buy” rating on shares of Wayfair in a report on Wednesday, August 9th.
In other Wayfair news, CFO Michael D. Fleisher sold 4,730 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $65.80, for a total transaction of $311,234.00. Following the sale, the chief financial officer now owns 45,580 shares in the company, valued at $2,999,164. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Niraj Shah sold 10,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $70.68, for a total value of $706,800.00. Following the sale, the chief executive officer now owns 7,630 shares in the company, valued at approximately $539,288.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 337,809 shares of company stock valued at $23,373,284. 56.93% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA raised its position in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares in the last quarter. UBS Group AG raised its position in shares of Wayfair by 55.5% in the first quarter. UBS Group AG now owns 2,690 shares of the company’s stock worth $109,000 after buying an additional 960 shares in the last quarter. Delta Asset Management LLC TN raised its position in shares of Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after buying an additional 1,500 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Wayfair in the first quarter worth $137,000. Finally, First Mercantile Trust Co. purchased a new stake in shares of Wayfair in the second quarter worth $138,000. Hedge funds and other institutional investors own 66.32% of the company’s stock.
Wayfair (NYSE:W) traded up $3.60 during mid-day trading on Friday, reaching $61.57. The company had a trading volume of 2,192,573 shares, compared to its average volume of 1,561,298. Wayfair has a fifty-two week low of $32.61 and a fifty-two week high of $84.19. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19.
Wayfair (NYSE:W) last posted its quarterly earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.03. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business earned ($0.54) EPS. The firm’s revenue for the quarter was up 39.1% on a year-over-year basis. equities research analysts forecast that Wayfair will post -2.58 earnings per share for the current year.
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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