Wayfair (NYSE:W – Get Free Report) had its price objective raised by analysts at Royal Bank Of Canada from $96.00 to $128.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s target price indicates a potential upside of 12.46% from the stock’s previous close.
W has been the topic of several other research reports. Robert W. Baird upped their price target on shares of Wayfair from $116.00 to $117.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Mizuho set a $132.00 price objective on Wayfair in a research note on Thursday, October 29th. Truist Financial boosted their target price on Wayfair from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group restated a “neutral” rating on shares of Wayfair in a research note on Wednesday, August 5th. Finally, UBS Group raised their price target on Wayfair from $118.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Wayfair has a consensus rating of “Moderate Buy” and an average price target of $128.48.
Read Our Latest Stock Analysis on W
Wayfair Stock Performance
Wayfair stock traded down $9.74 during midday trading on Thursday, reaching $113.81. 1,885,260 shares of the stock were exchanged, compared to its average volume of 3,375,354. The company’s fifty day moving average is $105.55 and its 200-day moving average is $89.17. The firm has a market cap of $15.02 billion, a PE ratio of -46.09, a PEG ratio of 3.84 and a beta of 3.10. Wayfair has a 52 week low of $55.60 and a 52 week high of $127.99.
Wayfair (NYSE:W – Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.13. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Wayfair will post 0.97 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CEO Niraj Shah sold 117,000 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the transaction, the chief executive officer owned 105,137 shares of the company’s stock, valued at $11,696,491.25. This represents a 52.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Fiona Tan sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $115.00, for a total value of $920,000.00. Following the sale, the chief technology officer owned 196,698 shares in the company, valued at $22,620,270. The trade was a 3.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 677,070 shares of company stock worth $72,236,934. Corporate insiders own 18.44% of the company’s stock.
Hedge Funds Weigh In On Wayfair
Several institutional investors have recently modified their holdings of the company. Lido Advisors LLC lifted its position in Wayfair by 451.2% in the 3rd quarter. Lido Advisors LLC now owns 16,226 shares of the company’s stock worth $1,664,000 after buying an additional 13,282 shares during the last quarter. AlphaCore Capital LLC purchased a new stake in Wayfair in the third quarter worth approximately $622,000. Fulcrum Asset Management LLP purchased a new stake in Wayfair in the third quarter worth approximately $6,092,000. Bryn Mawr Trust Advisors LLC bought a new position in Wayfair during the third quarter valued at approximately $226,000. Finally, Brighton Jones LLC grew its position in Wayfair by 106.3% during the third quarter. Brighton Jones LLC now owns 19,822 shares of the company’s stock valued at $2,033,000 after acquiring an additional 10,213 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors.
More Wayfair News
Here are the key news stories impacting Wayfair this week:
- Positive Sentiment: Wayfair beat Q3 expectations, reporting earnings of $0.93 per share versus the roughly $0.80 consensus and revenue of $3.42 billion versus estimates of $3.38 billion. Revenue rose 9.7% year over year, led by 11.4% growth in the U.S.; reports described it as the company’s strongest growth quarter since the pandemic. Wayfair Q3 results
- Positive Sentiment: Management highlighted market-share gains and forecast high-single-digit Q4 growth with a 6%–7% adjusted EBITDA margin. Loyalty programs, AI initiatives and store expansion were also cited as growth opportunities. Q3 call highlights
- Positive Sentiment: Analyst actions were broadly supportive: Wells Fargo raised its target to $140 and kept an overweight rating; Needham lifted its target to $145 and maintained buy; and Zacks Research upgraded W to strong buy. Wells Fargo ratings Needham ratings
- Neutral Sentiment: BNP Paribas Exane raised its target to $134 but retained a neutral rating, signaling a more cautious view than the other recent analyst calls. BNP Paribas Exane ratings
- Negative Sentiment: International revenue fell 2.3% year over year, contrasting with U.S. strength. After a steep share-price run, elevated expectations may also leave the stock vulnerable to profit-taking if future growth or margin progress disappoints.
Wayfair Company Profile
Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.
The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.
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