Wayfair (W) Earning Somewhat Favorable Media Coverage, Analysis Shows
Media headlines about Wayfair (NYSE:W) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Wayfair earned a news impact score of 0.15 on Accern’s scale. Accern also gave press coverage about the company an impact score of 43.4776321109676 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Pier 1 Imports slumps 30%; rivals also drop as holiday optimism disappears (theglobeandmail.com)
- Wayfair (W) Rating Reiterated by Piper Jaffray Companies (americanbankingnews.com)
- Affirm Raises $200M in Series E Funding (finsmes.com)
- Wayfair to create 100 jobs at three new distributions centers across Florida (floridatrend.com)
- Wayfair to Add 3 Distribution Centers, 100 Jobs in Florida (finance.yahoo.com)
W has been the topic of several research analyst reports. Credit Suisse Group dropped their price objective on Wayfair from $78.00 to $69.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Ifs Securities initiated coverage on Wayfair in a research note on Friday, September 1st. They issued an “outperform” rating and a $85.00 price target on the stock. Stifel Nicolaus raised Wayfair from a “hold” rating to a “buy” rating and lifted their price target for the stock from $75.00 to $78.00 in a research note on Friday, August 25th. Cowen reaffirmed a “buy” rating and issued a $72.00 price target (down from $82.00) on shares of Wayfair in a research note on Wednesday, November 1st. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $73.00 price target on shares of Wayfair in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $76.01.
Wayfair (W) traded up $0.35 during midday trading on Thursday, reaching $76.18. The company’s stock had a trading volume of 1,035,526 shares, compared to its average volume of 1,531,443. The company has a current ratio of 1.19, a quick ratio of 1.17 and a debt-to-equity ratio of 135.98. Wayfair has a one year low of $34.30 and a one year high of $84.19.
Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.03. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The firm’s revenue for the quarter was up 39.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.54) earnings per share. equities analysts anticipate that Wayfair will post -2.63 EPS for the current year.
In other Wayfair news, SVP Steve Oblak sold 4,174 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $79.92, for a total transaction of $333,586.08. Following the transaction, the senior vice president now owns 121,354 shares of the company’s stock, valued at $9,698,611.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John Champlin Mulliken sold 5,575 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $79.57, for a total value of $443,602.75. Following the transaction, the insider now directly owns 184,101 shares in the company, valued at approximately $14,648,916.57. The disclosure for this sale can be found here. Insiders have sold 55,951 shares of company stock worth $4,060,862 in the last three months. 56.93% of the stock is currently owned by corporate insiders.
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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