Wayfair (NYSE:W) CFO Michael D. Fleisher sold 485 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $84.83, for a total value of $41,142.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NYSE:W traded down $1.48 during trading hours on Friday, hitting $66.64. The company’s stock had a trading volume of 1,122,389 shares, compared to its average volume of 1,948,626. The stock has a market capitalization of $5,878.11, a price-to-earnings ratio of -23.80 and a beta of 1.37. 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 has a 52-week low of $41.59 and a 52-week high of $100.14.
Wayfair (NYSE:W) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by ($0.04). The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The company’s revenue was up 46.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.34) EPS. analysts predict that Wayfair will post -3.69 EPS for the current year.
W has been the subject of several research analyst reports. Wedbush reissued an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Bank of America downgraded Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 price objective for the company. in a report on Wednesday, January 3rd. MKM Partners set a $107.00 price target on Wayfair and gave the stock a “buy” rating in a research note on Wednesday, January 24th. ValuEngine upgraded Wayfair from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Credit Suisse Group set a $76.00 price target on Wayfair and gave the stock a “hold” rating in a research note on Friday, February 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the stock. Wayfair currently has a consensus rating of “Hold” and an average price target of $85.90.
Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new stake in shares of Wayfair during the second quarter valued at $3,711,000. Aperio Group LLC boosted its stake in shares of Wayfair by 59.6% during the third quarter. Aperio Group LLC now owns 4,516 shares of the company’s stock valued at $304,000 after acquiring an additional 1,687 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Wayfair by 325.6% during the third quarter. Sei Investments Co. now owns 29,310 shares of the company’s stock valued at $1,976,000 after acquiring an additional 22,423 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Wayfair by 8.5% during the third quarter. New York State Common Retirement Fund now owns 90,905 shares of the company’s stock valued at $6,127,000 after acquiring an additional 7,105 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in shares of Wayfair by 739.3% during the third quarter. Advisor Group Inc. now owns 3,357 shares of the company’s stock valued at $226,000 after acquiring an additional 2,957 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.
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Wayfair Company Profile
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.
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