Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 485 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $84.83, for a total transaction of $41,142.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Wayfair Inc (NYSE:W) traded down $5.01 on Friday, reaching $78.95. 3,287,015 shares of the company were exchanged, compared to its average volume of 1,900,279. The firm has a market cap of $7,485.25, a P/E ratio of -28.00 and a beta of 1.25. Wayfair Inc has a 12-month low of $36.93 and a 12-month high of $100.14. The company has a debt-to-equity ratio of -8.60, a quick ratio of 1.07 and a current ratio of 1.10.
Wayfair (NYSE:W) last posted its earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The firm’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period last year, the company posted ($0.34) EPS. analysts expect that Wayfair Inc will post -3.69 EPS for the current year.
A number of research firms have recently commented on W. DA Davidson downgraded shares of Wayfair from a “neutral” rating to an “underperform” rating and set a $65.00 price objective for the company. in a research note on Friday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $112.00 price objective (up previously from $89.00) on shares of Wayfair in a research note on Thursday, February 15th. Wedbush reaffirmed an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. Bank of America set a $100.00 price objective on shares of Wayfair and gave the company a “hold” rating in a research note on Tuesday, February 20th. Finally, Zacks Investment Research downgraded shares of Wayfair from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $85.90.
A number of institutional investors and hedge funds have recently bought and sold shares of W. Artisan Partners Limited Partnership purchased a new position in Wayfair in the 3rd quarter worth approximately $81,855,000. Alliancebernstein L.P. boosted its holdings in Wayfair by 1,724.1% in the 4th quarter. Alliancebernstein L.P. now owns 1,101,771 shares of the company’s stock worth $88,439,000 after acquiring an additional 1,041,371 shares during the period. American Century Companies Inc. purchased a new position in Wayfair in the 4th quarter worth approximately $37,836,000. Bank of New York Mellon Corp boosted its holdings in Wayfair by 331.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 583,843 shares of the company’s stock worth $39,351,000 after acquiring an additional 448,390 shares during the period. Finally, Zevenbergen Capital Investments LLC boosted its holdings in Wayfair by 542.6% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 461,190 shares of the company’s stock worth $31,084,000 after acquiring an additional 389,420 shares during the period. 70.84% 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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