Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 6,291 shares of Wayfair stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $105.14, for a total value of $661,435.74. Following the sale, the chief financial officer now owns 148,473 shares of the company’s stock, valued at $15,610,451.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
W stock traded up $0.40 during trading on Friday, hitting $84.22. The company had a trading volume of 2,375,509 shares, compared to its average volume of 1,961,432. The company has a fifty day moving average price of $106.28 and a two-hundred day moving average price of $130.71. The company has a market cap of $7.53 billion, a P/E ratio of -15.01 and a beta of 1.86. Wayfair Inc has a fifty-two week low of $76.60 and a fifty-two week high of $173.72.
Wayfair (NYSE:W) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($2.23) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.89) by $0.66. The company had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.28 billion. Wayfair’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.28) EPS. As a group, analysts expect that Wayfair Inc will post -10.59 earnings per share for the current year.
A number of research analysts recently weighed in on the company. Wolfe Research set a $114.00 price objective on Wayfair and gave the company a “buy” rating in a research note on Friday, November 1st. Credit Suisse Group lifted their price target on Wayfair from $160.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 29th. Morgan Stanley dropped their price target on Wayfair from $130.00 to $117.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Deutsche Bank dropped their price target on Wayfair from $142.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised Wayfair from a “hold” rating to a “buy” rating and set a $150.00 price target on the stock in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $138.79.
Institutional investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its stake in Wayfair by 8.4% in the second quarter. Treasurer of the State of North Carolina now owns 25,637 shares of the company’s stock worth $3,743,000 after purchasing an additional 1,983 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Wayfair by 4.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 335,081 shares of the company’s stock worth $48,922,000 after acquiring an additional 13,717 shares during the last quarter. Advisory Services Network LLC raised its position in shares of Wayfair by 15.2% during the second quarter. Advisory Services Network LLC now owns 3,640 shares of the company’s stock worth $531,000 after acquiring an additional 480 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Wayfair by 14.2% during the second quarter. Baillie Gifford & Co. now owns 3,992,065 shares of the company’s stock worth $582,841,000 after acquiring an additional 497,644 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Wayfair by 34.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,772 shares of the company’s stock worth $551,000 after acquiring an additional 967 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.
Wayfair Company Profile
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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