Wayfair (NYSE:W) Stock Gets Price Target Bump from BNP Paribas Exane

Wayfair (NYSE:W) had its price target lifted by BNP Paribas Exane from $108.00 to $134.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. BNP Paribas Exane‘s target price indicates a potential upside of 19.55% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Truist Financial increased their price objective on Wayfair from $135.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird boosted their target price on Wayfair from $116.00 to $117.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. Royal Bank Of Canada upped their price target on Wayfair from $92.00 to $96.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Wayfair from $125.00 to $136.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Finally, Piper Sandler boosted their price objective on shares of Wayfair from $133.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 20th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.57.

Wayfair Stock Down 1.1%

NYSE:W traded down $1.30 on Thursday, reaching $112.08. 1,644,054 shares of the company’s stock were exchanged, compared to its average volume of 2,011,016. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of -89.67, a price-to-earnings-growth ratio of 4.07 and a beta of 3.10. Wayfair has a 52-week low of $55.60 and a 52-week high of $127.99. The business has a fifty day moving average of $105.88 and a 200-day moving average of $89.19.

Wayfair (NYSE:W) last released its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.13. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.38 billion. During the same period last year, the business posted $0.70 earnings per share. Wayfair’s revenue was up 9.7% compared to the same quarter last year. As a group, equities analysts anticipate that Wayfair will post 0.97 earnings per share for the current year.

Insider Buying and Selling at Wayfair

In other Wayfair news, CTO Fiona Tan sold 8,000 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $115.00, for a total transaction of $920,000.00. Following the sale, the chief technology officer directly owned 196,698 shares in the company, valued at approximately $22,620,270. The trade was a 3.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 117,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the transaction, the director owned 105,073 shares in the company, valued at $11,689,371.25. The trade was a 52.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 692,070 shares of company stock valued at $74,096,044. 18.44% of the stock is owned by company insiders.

Institutional Trading of Wayfair

A number of institutional investors have recently bought and sold shares of W. Eurizon Capital SGR S.p.A. increased its holdings in Wayfair by 10.5% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,836 shares of the company’s stock valued at $187,000 after acquiring an additional 175 shares in the last quarter. Maryland State Retirement & Pension System lifted its holdings in shares of Wayfair by 13.2% in the third quarter. Maryland State Retirement & Pension System now owns 6,436 shares of the company’s stock valued at $660,000 after purchasing an additional 748 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Wayfair in the third quarter valued at about $354,000. Lido Advisors LLC grew its position in shares of Wayfair by 451.2% in the third quarter. Lido Advisors LLC now owns 16,226 shares of the company’s stock valued at $1,664,000 after purchasing an additional 13,282 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of Wayfair in the third quarter valued at approximately $622,000. 89.67% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
• Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
• Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
• Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin

Wayfair Company Profile

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.