Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 4,420 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $76.00, for a total transaction of $335,920.00. Following the completion of the transaction, the chief financial officer now directly owns 71,049 shares in the company, valued at $5,399,724. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Wayfair stock traded down $3.18 on Thursday, reaching $69.27. 2,423,188 shares of the company’s stock were exchanged, compared to its average volume of 1,930,780. Wayfair Inc has a 52-week low of $36.93 and a 52-week high of $100.14. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of -8.60. The company has a market cap of $6,747.83, a price-to-earnings ratio of -24.56 and a beta of 1.25.
Wayfair (NYSE:W) last posted its earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.04). Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm earned ($0.34) earnings per share. The company’s revenue was up 46.2% compared to the same quarter last year. research analysts expect that Wayfair Inc will post -3.69 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Wayfair from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Cowen reaffirmed a “buy” rating on shares of Wayfair in a report on Friday, January 12th. Stifel Nicolaus lowered shares of Wayfair from a “buy” rating to a “hold” rating and lifted their price target for the company from $82.00 to $90.00 in a report on Monday, January 22nd. They noted that the move was a valuation call. Oppenheimer lifted their price target on shares of Wayfair to $105.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $112.00 price target (up from $89.00) on shares of Wayfair in a report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $85.90.
A number of institutional investors and hedge funds have recently bought and sold shares of W. Dimensional Fund Advisors LP bought a new stake in Wayfair during the 2nd quarter worth approximately $3,711,000. Aperio Group LLC lifted its position in shares of Wayfair by 59.6% in the 3rd quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock worth $304,000 after purchasing an additional 1,687 shares during the period. Sei Investments Co. lifted its position in shares of Wayfair by 325.6% in the 3rd quarter. Sei Investments Co. now owns 29,310 shares of the company’s stock worth $1,976,000 after purchasing an additional 22,423 shares during the period. New York State Common Retirement Fund lifted its position in shares of Wayfair by 8.5% in the 3rd quarter. New York State Common Retirement Fund now owns 90,905 shares of the company’s stock worth $6,127,000 after purchasing an additional 7,105 shares during the period. Finally, Advisor Group Inc. lifted its position in shares of Wayfair by 739.3% in the 3rd quarter. Advisor Group Inc. now owns 3,357 shares of the company’s stock worth $226,000 after purchasing an additional 2,957 shares during the period. 70.84% of the stock is currently 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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