Wayfair (NYSE:W) Stock Price Target Raised at UBS Group

Wayfair (NYSE:W) had its target price hoisted by analysts at UBS Group from $156.00 to $165.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group‘s price objective points to a potential upside of 45.57% from the stock’s current price.

W has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price objective on Wayfair from $125.00 to $136.00 and gave the stock an “overweight” rating in a report on Monday. Sanford C. Bernstein upped their price objective on shares of Wayfair from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday. BMO Capital Markets increased their target price on shares of Wayfair from $105.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Wayfair from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Robert W. Baird boosted their price target on shares of Wayfair from $116.00 to $117.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $128.96.

Wayfair Stock Performance

NYSE:W traded down $10.21 during trading hours on Thursday, reaching $113.35. The stock had a trading volume of 2,873,243 shares, compared to its average volume of 3,380,593. The stock has a 50 day simple moving average of $105.74 and a 200 day simple moving average of $89.17. Wayfair has a 12-month low of $55.60 and a 12-month high of $127.99. The stock has a market cap of $14.96 billion, a P/E ratio of -46.08, a price-to-earnings-growth ratio of 3.84 and a beta of 3.10.

Wayfair (NYSE:W) last issued its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the company posted $0.70 earnings per share. The business’s revenue was up 9.7% on a year-over-year basis. On average, equities analysts expect that Wayfair will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at Wayfair

In other news, CEO Niraj Shah sold 117,000 shares of Wayfair stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the transaction, the chief executive officer directly owned 105,137 shares in the company, valued at approximately $11,696,491.25. The trade was a 52.67% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $920,000.00. Following the sale, the chief technology officer owned 196,698 shares in the company, valued at approximately $22,620,270. The trade was a 3.91% 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 677,070 shares of company stock valued at $72,236,934 over the last three months. Company insiders own 18.44% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc lifted its holdings in shares of Wayfair by 4.1% in the third quarter. Versant Capital Management Inc now owns 3,551 shares of the company’s stock worth $364,000 after buying an additional 140 shares in the last quarter. Flynn Zito Capital Management LLC boosted its position in shares of Wayfair by 6.4% in the first quarter. Flynn Zito Capital Management LLC now owns 2,775 shares of the company’s stock valued at $209,000 after acquiring an additional 168 shares during the period. Arizona State Retirement System boosted its position in shares of Wayfair by 0.7% in the second quarter. Arizona State Retirement System now owns 28,514 shares of the company’s stock valued at $2,635,000 after acquiring an additional 201 shares during the period. Triumph Capital Management boosted its position in shares of Wayfair by 6.3% in the second quarter. Triumph Capital Management now owns 3,498 shares of the company’s stock valued at $323,000 after acquiring an additional 207 shares during the period. Finally, Signaturefd LLC grew its stake in Wayfair by 5.0% during the third quarter. Signaturefd LLC now owns 5,039 shares of the company’s stock valued at $517,000 after acquiring an additional 239 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair beat Q3 expectations, reporting adjusted earnings of $0.93 per share versus an approximately $0.80 consensus and revenue of $3.42 billion versus $3.38 billion. Revenue rose 9.7% year over year, with U.S. revenue up 11.4%; the company also posted its strongest growth since the pandemic. Wayfair sales jump as retailer says it’s winning share
• Positive Sentiment: Management highlighted U.S. market-share gains and improved advertising efficiency. Its Q4 outlook calls for high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin. Wayfair forecasts Q4 growth and margin
• Positive Sentiment: Analyst sentiment improved: Zacks Research upgraded W to “strong buy,” Gordon Haskett moved to “buy,” and several firms raised price targets, including Needham ($145) and Wells Fargo ($140).
• Neutral Sentiment: Wayfair’s stock had rallied substantially, and several raised targets still carried neutral or hold ratings. That may temper the impact of the upgrades and leave room for profit-taking after the earnings-driven run.
• Negative Sentiment: The Q4 outlook includes heavier holiday advertising spending, which could weigh on profitability, while international revenue declined 2.3% year over year. These concerns may help explain why the stock was lower despite the earnings beat.

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.