Insider Selling: Wayfair (NYSE:W) CFO Sells 485 Shares of Stock

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.

How to Become a New Pot Stock Millionaire

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.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Wayfair (NYSE:W) CFO Sells 485 Shares of Stock” was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/04/08/wayfair-inc-w-cfo-michael-d-fleisher-sells-485-shares.html.

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.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply