Wayfair (NYSE:W) had its price target boosted by Loop Capital to $140.00 in a research report released on Friday morning. The brokerage currently has a buy rating on the stock.
Several other research analysts also recently weighed in on the stock. ValuEngine upgraded shares of Wayfair from a hold rating to a buy rating in a research note on Monday, April 2nd. Wedbush downgraded shares of Wayfair from an outperform rating to a neutral rating and set a $63.00 target price for the company. in a research note on Monday, April 30th. DA Davidson decreased their target price on shares of Wayfair to $55.00 and set an underperform rating for the company in a research note on Wednesday, April 25th. Oppenheimer upped their target price on shares of Wayfair to $120.00 and gave the company an outperform rating in a research note on Friday, June 8th. Finally, Morgan Stanley initiated coverage on shares of Wayfair in a research note on Wednesday, April 25th. They issued an equal weight rating and a $75.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $101.17.
Wayfair opened at $118.76 on Friday, Marketbeat reports. Wayfair has a 52-week low of $55.33 and a 52-week high of $119.84. The firm has a market capitalization of $10.58 billion, a PE ratio of -42.41 and a beta of 1.57. The company has a quick ratio of 0.95, a current ratio of 1.00 and a debt-to-equity ratio of -3.30.
Wayfair (NYSE:W) last released its quarterly earnings data on Wednesday, May 2nd. The company reported ($0.91) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.90) by ($0.01). The business had revenue of $1.40 billion during 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 5.73%. Wayfair’s revenue was up 46.2% on a year-over-year basis. During the same period in the previous year, the company earned ($0.48) EPS. research analysts anticipate that Wayfair will post -4.5 EPS for the current fiscal year.
In other news, CFO Michael D. Fleisher sold 4,515 shares of the firm’s stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $114.71, for a total value of $517,915.65. Following the transaction, the chief financial officer now directly owns 94,033 shares in the company, valued at approximately $10,786,525.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction dated Tuesday, April 10th. The stock was sold at an average price of $68.21, for a total transaction of $40,926.00. Following the completion of the transaction, the insider now owns 500 shares in the company, valued at $34,105. The disclosure for this sale can be found here. Insiders have sold a total of 93,808 shares of company stock worth $9,187,379 over the last quarter. 37.75% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in shares of Wayfair by 8.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 128,719 shares of the company’s stock worth $10,333,000 after acquiring an additional 9,919 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Wayfair by 330.3% in the 4th quarter. Teacher Retirement System of Texas now owns 12,856 shares of the company’s stock worth $1,032,000 after acquiring an additional 9,868 shares during the period. California Public Employees Retirement System increased its holdings in shares of Wayfair by 4.5% in the 4th quarter. California Public Employees Retirement System now owns 124,658 shares of the company’s stock worth $10,006,000 after acquiring an additional 5,317 shares during the period. Suntrust Banks Inc. acquired a new stake in shares of Wayfair in the 4th quarter worth about $256,000. Finally, Brown Advisory Inc. acquired a new stake in shares of Wayfair in the 4th quarter worth about $290,000. Institutional investors own 75.21% of the company’s stock.
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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