Wayfair Inc. $W Shares Purchased by Williamson Legacy Group LLC

Williamson Legacy Group LLC raised its stake in shares of Wayfair Inc. (NYSE:W) by 86.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,967 shares of the company’s stock after purchasing an additional 11,560 shares during the period. Wayfair accounts for 2.0% of Williamson Legacy Group LLC’s portfolio, making the stock its 11th largest position. Williamson Legacy Group LLC’s holdings in Wayfair were worth $2,507,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of W. Cornerstone Planning Group LLC increased its position in Wayfair by 28,200.0% during the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock worth $25,000 after purchasing an additional 282 shares during the last quarter. Webster Bank N. A. acquired a new position in Wayfair during the fourth quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new position in Wayfair during the fourth quarter worth approximately $33,000. EverSource Wealth Advisors LLC increased its position in Wayfair by 393.4% during the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after purchasing an additional 653 shares during the last quarter. Finally, True Wealth Design LLC increased its position in Wayfair by 37.7% during the fourth quarter. True Wealth Design LLC now owns 449 shares of the company’s stock worth $45,000 after purchasing an additional 123 shares during the last quarter. Institutional investors and hedge funds own 89.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on W. TD Cowen dropped their price target on shares of Wayfair from $88.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Jefferies Financial Group dropped their price target on shares of Wayfair from $86.00 to $70.00 and set a “hold” rating for the company in a research report on Thursday, April 30th. Canaccord Genuity Group dropped their price objective on shares of Wayfair from $125.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Guggenheim reissued a “buy” rating and issued a $100.00 price objective on shares of Wayfair in a research report on Wednesday, May 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Wayfair from $125.00 to $100.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Wayfair presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.89.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Several stories spotlight Wayfair’s Memorial Day sale, with discounts of up to 77%–80% on thousands of items, suggesting strong promotional activity and potential support for sales volume. Wayfair’s Memorial Day sale ends tonight — get up to 80% off 1,000s of items
• Positive Sentiment: Articles on patio furniture, outdoor chairs, and summer goods emphasize clearance-level pricing and large markdowns, which may help Wayfair capture seasonal demand as outdoor shopping accelerates. Wayfair’s Patio Furniture Sets Are Up to 76% Off in Time for Summer — Shop Sofas, Bistro Tables, and More
• Positive Sentiment: Coverage of Wayfair’s “secret outlet” and other deal pages points to continued promotion depth after the holiday, which could keep shoppers engaged even as the sale ends. Wayfair just filled its secret outlet with even more patio deals—and we handpicked the 10 best up to 52% off
• Positive Sentiment: Market commentary saying Wayfair and Carvana shares are “soaring” may be reinforcing momentum buying in the stock. Wayfair and Carvana shares are soaring, what you need to know
• Neutral Sentiment: Several lifestyle articles simply highlight specific discounted products at Wayfair, reinforcing consumer interest but not adding new company-level financial information. You’ll Be Shocked By The Heirloom-Quality Furniture And Decor We Found Hiding At Wayfair—Up To 81% Off

Wayfair Stock Up 7.8%

Wayfair stock opened at $72.27 on Wednesday. Wayfair Inc. has a 52-week low of $36.84 and a 52-week high of $119.98. The firm has a fifty day moving average of $71.44 and a 200-day moving average of $88.47. The firm has a market capitalization of $9.54 billion, a P/E ratio of -30.88, a PEG ratio of 3.83 and a beta of 3.02.

Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts expect that Wayfair Inc. will post 0.58 EPS for the current fiscal year.

Insider Transactions at Wayfair

In other news, Director Steven Conine sold 7,139 shares of the company’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $78.55, for a total value of $560,768.45. Following the completion of the transaction, the director directly owned 429,073 shares in the company, valued at approximately $33,703,684.15. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 4,790 shares of the company’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total transaction of $345,790.10. Following the completion of the transaction, the insider owned 111,158 shares of the company’s stock, valued at $8,024,496.02. This trade represents a 4.13% 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. Insiders sold 517,735 shares of company stock valued at $40,119,261 over the last 90 days. Corporate insiders own 18.44% of the company’s stock.

Wayfair Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.