Wayfair Inc (NYSE:W) has been given a consensus rating of “Buy” by the twenty-six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $155.74.
W has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on Wayfair in a research report on Friday, May 17th. They set a “buy” rating and a $192.00 price objective for the company. Needham & Company LLC initiated coverage on Wayfair in a research report on Monday, July 1st. They set a “buy” rating and a $175.00 price objective for the company. Deutsche Bank lowered their price objective on Wayfair from $175.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Wedbush lowered their price objective on Wayfair from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Piper Jaffray Companies set a $175.00 price objective on Wayfair and gave the company a “buy” rating in a research report on Friday, July 19th.
NYSE:W traded down $7.03 during trading hours on Friday, hitting $110.17. The company had a trading volume of 1,829,122 shares, compared to its average volume of 2,554,439. The company has a market capitalization of $10.82 billion, a PE ratio of -19.64 and a beta of 1.88. The stock has a 50-day moving average price of $132.63 and a 200 day moving average price of $145.05. Wayfair has a 52 week low of $76.60 and a 52 week high of $173.72.
Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($1.35) EPS for the quarter, beating the consensus estimate of ($1.97) by $0.62. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.26 billion. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.77) EPS. On average, sell-side analysts forecast that Wayfair will post -9.43 EPS for the current fiscal year.
In related news, insider James R. Miller sold 231 shares of Wayfair stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $126.96, for a total value of $29,327.76. Following the completion of the sale, the insider now directly owns 7,021 shares in the company, valued at approximately $891,386.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Edmond Macri sold 300 shares of Wayfair stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $124.63, for a total value of $37,389.00. Following the completion of the sale, the insider now owns 950 shares of the company’s stock, valued at $118,398.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,744 shares of company stock valued at $5,340,433. 33.86% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CSat Investment Advisory L.P. bought a new stake in shares of Wayfair during the 2nd quarter valued at about $25,000. PNC Financial Services Group Inc. grew its stake in shares of Wayfair by 40.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 294 shares of the company’s stock valued at $45,000 after purchasing an additional 84 shares during the period. Investors Research Corp bought a new stake in shares of Wayfair during the 1st quarter valued at about $52,000. Catamount Wealth Management bought a new stake in shares of Wayfair during the 1st quarter valued at about $74,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Wayfair during the 2nd quarter valued at about $77,000. Institutional investors own 77.21% of the company’s stock.
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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