Wayfair (W) Downgraded to “Hold” at Stifel Nicolaus

Wayfair (NYSE:W) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Monday, January 22nd, MarketBeat Ratings reports. They currently have a $90.00 target price on the stock, up from their previous target price of $82.00. Stifel Nicolaus’ price objective points to a potential downside of 7.28% from the company’s previous close. The analysts noted that the move was a valuation call.

Other equities research analysts have also issued reports about the stock. Citigroup reduced their price objective on shares of Wayfair from $80.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and issued a $90.00 price objective on shares of Wayfair in a report on Thursday, November 2nd. Cowen restated a “buy” rating and issued a $72.00 price objective (down from $82.00) on shares of Wayfair in a report on Wednesday, November 1st. MKM Partners initiated coverage on shares of Wayfair in a research report on Wednesday, October 18th. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Oppenheimer set a $88.00 target price on shares of Wayfair and gave the company a “buy” rating in a research report on Wednesday, October 18th. Fourteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $80.11.

Wayfair (W) opened at $97.07 on Monday. The company has a market cap of $8,530.00, a P/E ratio of -38.98 and a beta of 1.05. Wayfair has a fifty-two week low of $35.36 and a fifty-two week high of $98.20. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98.

In other Wayfair news, CFO Michael D. Fleisher sold 4,628 shares of Wayfair stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $66.81, for a total transaction of $309,196.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael D. Fleisher sold 515 shares of Wayfair stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $75.69, for a total transaction of $38,980.35. Following the sale, the chief financial officer now owns 56,765 shares of the company’s stock, valued at $4,296,542.85. The disclosure for this sale can be found here. Insiders sold 59,930 shares of company stock valued at $4,855,017 in the last quarter. Company insiders own 56.93% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its holdings in shares of Wayfair by 96.2% during the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock worth $105,000 after buying an additional 667 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after buying an additional 624 shares in the last quarter. Delta Asset Management LLC TN grew its holdings in shares of Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after buying an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after buying an additional 2,178 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after buying an additional 1,056 shares in the last quarter. Institutional investors and hedge funds own 67.16% of the company’s stock.

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Wayfair Company Profile

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.

Analyst Recommendations for Wayfair (NYSE:W)

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