Wayfair (NYSE:W – Get Free Report) was upgraded by analysts at Rosenblatt Securities to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.
Several other research firms have also recently weighed in on W. Evercore reissued an “outperform” rating and set a $130.00 price objective on shares of Wayfair in a research report on Wednesday, August 5th. Needham & Company LLC raised their target price on Wayfair from $83.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Benchmark assumed coverage on Wayfair in a research report on Tuesday, July 7th. They issued a “hold” rating on the stock. Citigroup upped their price target on Wayfair from $95.00 to $133.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Finally, Truist Financial increased their price objective on Wayfair from $99.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.89.
Get Our Latest Stock Analysis on Wayfair
Wayfair Price Performance
Wayfair (NYSE:W – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.05. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The firm had revenue of $3.52 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The business’s revenue was up 7.5% on a year-over-year basis. Analysts anticipate that Wayfair will post 0.75 earnings per share for the current year.
Insider Buying and Selling at Wayfair
In other Wayfair news, insider Jon Blotner sold 5,925 shares of the stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $96.29, for a total transaction of $570,518.25. Following the completion of the transaction, the insider directly owned 117,344 shares in the company, valued at $11,299,053.76. This represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Niraj Shah sold 69,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $103.36, for a total transaction of $7,131,840.00. Following the completion of the sale, the chief executive officer directly owned 360,137 shares in the company, valued at approximately $37,223,760.32. The trade was a 16.08% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 143,925 shares of company stock valued at $14,834,198. 18.44% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Wayfair
A number of hedge funds and other institutional investors have recently bought and sold shares of W. Arrowstreet Capital Limited Partnership raised its stake in shares of Wayfair by 826.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock worth $251,648,000 after acquiring an additional 2,512,854 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in Wayfair during the 3rd quarter worth $108,125,000. Norges Bank acquired a new stake in shares of Wayfair in the 4th quarter valued at $117,973,000. AQR Capital Management LLC raised its position in shares of Wayfair by 197.3% during the second quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock worth $79,673,000 after acquiring an additional 1,033,865 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in Wayfair by 351.9% in the second quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock valued at $66,178,000 after acquiring an additional 1,007,676 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting Wayfair
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Rosenblatt upgraded Wayfair to “strong-buy,” strengthening the firm’s positive view of the online home-furnishings retailer. Zacks.com
- Positive Sentiment: Rosenblatt also initiated coverage with a “buy” rating and a $125 price target, implying roughly 21% upside from the cited price. Analysts reportedly view Wayfair as a potential beneficiary of artificial-intelligence-driven improvements, including better search, personalization and operating efficiency. Benzinga
- Positive Sentiment: Wayfair’s planned Dublin outlet, along with continued product visibility through home, lifestyle and entertainment-related coverage, could support customer acquisition and brand awareness. Wayfair Outlet sets Dublin opening date
- Neutral Sentiment: Multiple articles highlight discounted furniture and seasonal promotions at Wayfair. These may help stimulate demand and clear inventory, but heavy discounting can also pressure margins and does not by itself indicate stronger underlying profitability. Wayfair chaise lounge promotion
- Negative Sentiment: A lawsuit alleging that Wayfair passed over an employee despite a top performance rating creates potential legal costs and reputational risk, though the financial impact is currently unclear. Wayfair employment lawsuit
- Negative Sentiment: Despite the favorable Rosenblatt commentary, Wayfair stock was also reported to be trading lower, suggesting profit-taking or broader market concerns are offsetting the analyst-driven optimism. Why Wayfair stock is trading lower
Wayfair Company Profile
Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.
Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.
Featured Stories
- Five stocks we like better than Wayfair
- Coherent Stock Is Cooling Off Just as Its AI Thermal Opportunity Heats Up
- Moderna’s 177% Surge Has Investors Asking What Comes Next
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.
