Wayfair Inc. (NYSE:W) Given Average Rating of “Hold” by Analysts


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Wayfair Inc. (NYSE:W) has received an average recommendation of “Hold” from the thirty-four ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $298.30.

A number of brokerages have commented on W. TheStreet upgraded shares of Wayfair from a “d+” rating to a “c” rating in a research note on Monday, March 1st. Morgan Stanley upgraded shares of Wayfair from an “underweight” rating to an “equal weight” rating and set a $270.00 price target for the company in a research note on Wednesday, March 3rd. Cowen increased their price objective on shares of Wayfair from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Thursday, February 25th. DA Davidson increased their price objective on shares of Wayfair from $325.00 to $450.00 in a research report on Wednesday, March 31st. Finally, Wedbush increased their price objective on shares of Wayfair from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Wednesday, March 31st.

In other news, COO Thomas Netzer sold 161 shares of the firm’s stock in a transaction that occurred on Wednesday, March 17th. The shares were sold at an average price of $306.58, for a total value of $49,359.38. Following the sale, the chief operating officer now directly owns 19,498 shares in the company, valued at approximately $5,977,696.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO James R. Miller sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 7th. The shares were sold at an average price of $335.10, for a total transaction of $167,550.00. Following the completion of the sale, the chief technology officer now owns 16,565 shares in the company, valued at $5,550,931.50. The disclosure for this sale can be found here. Insiders have sold 94,519 shares of company stock worth $31,974,667 over the last quarter. Corporate insiders own 30.86% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of W. First Trust Advisors LP boosted its stake in shares of Wayfair by 782.1% in the 4th quarter. First Trust Advisors LP now owns 838,109 shares of the company’s stock valued at $189,253,000 after purchasing an additional 743,101 shares in the last quarter. Norges Bank acquired a new stake in shares of Wayfair in the 4th quarter valued at approximately $146,328,000. Price T Rowe Associates Inc. MD boosted its position in Wayfair by 172.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 617,531 shares of the company’s stock worth $139,445,000 after buying an additional 390,645 shares during the period. JBF Capital Inc. boosted its position in Wayfair by 22,481.0% during the 4th quarter. JBF Capital Inc. now owns 257,875 shares of the company’s stock worth $258,000 after buying an additional 256,733 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Wayfair by 36.9% during the 4th quarter. Renaissance Technologies LLC now owns 629,900 shares of the company’s stock worth $142,238,000 after buying an additional 169,800 shares during the period. Institutional investors own 81.27% of the company’s stock.

W stock traded up $4.97 during trading hours on Friday, reaching $323.26. The stock had a trading volume of 1,164,797 shares, compared to its average volume of 1,988,102. The stock has a market capitalization of $33.48 billion, a PE ratio of -46.31, a price-to-earnings-growth ratio of 98.63 and a beta of 3.43. The stock has a 50-day simple moving average of $317.87 and a 200 day simple moving average of $283.09. Wayfair has a fifty-two week low of $78.26 and a fifty-two week high of $369.00.

Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, February 25th. The company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.88. The firm had revenue of $3.70 billion during the quarter, compared to analyst estimates of $3.77 billion. The business’s revenue was up 46.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($2.80) EPS. As a group, sell-side analysts predict that Wayfair will post 0.13 earnings per share for the current fiscal year.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States and internationally. It provides approximately twenty-two million products for the home sector under various brands. The company offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands.

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Analyst Recommendations for Wayfair (NYSE:W)

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