Wayfair (W) Given New $82.00 Price Target at Stifel Nicolaus
Wayfair (NYSE:W) had its price objective boosted by investment analysts at Stifel Nicolaus from $72.00 to $82.00 in a report released on Friday. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 7.64% from the stock’s previous close.
A number of other research analysts also recently weighed in on W. KeyCorp restated a “hold” rating on shares of Wayfair in a research report on Friday, September 29th. Robert W. Baird restated a “hold” rating and set a $73.00 price objective on shares of Wayfair in a research report on Thursday, September 28th. Piper Jaffray Companies restated a “buy” rating and set a $89.00 price objective on shares of Wayfair in a research report on Wednesday. Canaccord Genuity restated a “buy” rating and set a $90.00 price objective on shares of Wayfair in a research report on Sunday, October 1st. Finally, DA Davidson assumed coverage on shares of Wayfair in a research report on Wednesday, September 13th. They set a “neutral” rating and a $78.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company. Wayfair presently has an average rating of “Buy” and an average target price of $76.22.
Wayfair (W) traded up $0.35 during trading hours on Friday, hitting $76.18. 1,035,500 shares of the stock were exchanged, compared to its average volume of 1,531,445. Wayfair has a 1 year low of $34.30 and a 1 year 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) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted ($0.54) earnings per share. The business’s revenue for the quarter was up 39.1% on a year-over-year basis. equities analysts predict that Wayfair will post -2.63 earnings per share for the current fiscal year.
In other Wayfair news, CFO Michael D. Fleisher sold 4,719 shares of Wayfair stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $82.35, for a total value of $388,609.65. Following the completion of the transaction, the chief financial officer now directly owns 50,844 shares of the company’s stock, valued at approximately $4,187,003.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Niraj Shah sold 1,214 shares of Wayfair stock in a transaction on Monday, October 16th. The stock was sold at an average price of $71.22, for a total transaction of $86,461.08. The disclosure for this sale can be found here. Insiders have sold 39,800 shares of company stock valued at $2,774,564 over the last ninety days. 56.93% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its stake in shares of Wayfair by 96.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after purchasing an additional 667 shares during the period. First Mercantile Trust Co. purchased a new position in shares of Wayfair during the 2nd quarter worth about $138,000. Delta Asset Management LLC TN boosted its stake in shares of Wayfair by 375.0% during the 3rd quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after purchasing an additional 1,500 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Wayfair by 1,512.5% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after purchasing an additional 2,178 shares during the period. Finally, CIBC Asset Management Inc purchased a new position in shares of Wayfair during the 2nd quarter worth about $208,000. 66.97% of the stock is owned by hedge funds and other institutional investors.
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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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