Wayfair (NYSE:W) COO James Savarese sold 1,836 shares of the business’s stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $66.78, for a total value of $122,608.08. Following the completion of the sale, the chief operating officer now directly owns 550,676 shares of the company’s stock, valued at approximately $36,774,143.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
James Savarese also recently made the following trade(s):
- On Thursday, March 15th, James Savarese sold 9,047 shares of Wayfair stock. The shares were sold at an average price of $83.62, for a total value of $756,510.14.
- On Tuesday, February 20th, James Savarese sold 11,773 shares of Wayfair stock. The shares were sold at an average price of $99.96, for a total value of $1,176,829.08.
- On Thursday, February 15th, James Savarese sold 721 shares of Wayfair stock. The shares were sold at an average price of $95.58, for a total value of $68,913.18.
Shares of Wayfair stock opened at $69.68 on Thursday. The company has a market cap of $5,809.31, a price-to-earnings ratio of -24.89 and a beta of 1.37. The company has a debt-to-equity ratio of -8.60, a current ratio of 1.10 and a quick ratio of 1.07. Wayfair has a 12-month low of $42.70 and a 12-month high of $100.14.
Wayfair (NYSE:W) last announced its earnings results on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 in the previous year, the company earned ($0.34) EPS. equities analysts predict that Wayfair will post -3.69 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in W. New York State Common Retirement Fund boosted its position in Wayfair by 8.5% during the third 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. Legal & General Group Plc boosted its position in Wayfair by 27.6% during the third quarter. Legal & General Group Plc now owns 16,943 shares of the company’s stock worth $1,142,000 after purchasing an additional 3,660 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Wayfair by 36.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 118,800 shares of the company’s stock worth $8,008,000 after purchasing an additional 31,791 shares during the period. Dimensional Fund Advisors LP boosted its position in Wayfair by 27.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,491 shares of the company’s stock worth $4,146,000 after purchasing an additional 13,222 shares during the period. Finally, Stifel Financial Corp bought a new stake in Wayfair during the third quarter worth approximately $223,000. 71.14% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on W. Loop Capital reissued a “buy” rating on shares of Wayfair in a research note on Thursday, March 8th. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, February 10th. Oppenheimer boosted their price target on Wayfair to $105.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Bank of America set a $100.00 price target on Wayfair and gave the company a “hold” rating in a research note on Tuesday, February 20th. Finally, Robert W. Baird boosted their price target on Wayfair to $78.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $85.90.
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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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