Wayfair (NYSE:W) had its price target lifted by Loop Capital to $195.00 in a research report sent to investors on Tuesday, The Fly reports. They currently have a positive rating on the stock.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Wayfair from a sell rating to a buy rating and set a $101.00 target price on the stock in a research report on Monday, January 7th. Piper Jaffray Companies set a $87.00 price objective on Wayfair and gave the stock a buy rating in a research report on Thursday, December 20th. Deutsche Bank began coverage on Wayfair in a research report on Tuesday, January 29th. They issued a buy rating and a $124.00 price objective on the stock. Buckingham Research boosted their price objective on Wayfair from $130.00 to $175.00 and gave the stock a buy rating in a research report on Monday, February 25th. Finally, Canaccord Genuity reissued a buy rating and issued a $175.00 price objective (up previously from $130.00) on shares of Wayfair in a research report on Monday, February 25th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $141.99.
Shares of NYSE:W opened at $166.01 on Tuesday. The company has a market cap of $14.94 billion, a P/E ratio of -29.59 and a beta of 2.06. Wayfair has a 12-month low of $60.53 and a 12-month high of $172.79.
Wayfair (NYSE:W) last announced its earnings results on Friday, February 22nd. The company reported ($1.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.80) by $0.68. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.97 billion. The firm’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.58) EPS. As a group, research analysts forecast that Wayfair will post -7.82 EPS for the current year.
In other Wayfair news, CEO Niraj Shah sold 4,000 shares of the business’s stock in a transaction on Monday, December 17th. The stock was sold at an average price of $95.80, for a total value of $383,200.00. Following the sale, the chief executive officer now directly owns 83,633 shares in the company, valued at $8,012,041.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John Champlin Mulliken sold 4,915 shares of the business’s stock in a transaction on Monday, December 17th. The shares were sold at an average price of $100.20, for a total value of $492,483.00. Following the completion of the sale, the insider now owns 6,614 shares in the company, valued at $662,722.80. The disclosure for this sale can be found here. In the last three months, insiders sold 197,423 shares of company stock worth $26,572,689. Insiders own 37.75% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC raised its stake in shares of Wayfair by 3.6% during the 4th quarter. FMR LLC now owns 9,270,616 shares of the company’s stock valued at $835,097,000 after purchasing an additional 321,496 shares during the period. Vanguard Group Inc. raised its stake in shares of Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after purchasing an additional 332,832 shares during the period. Vanguard Group Inc raised its stake in shares of Wayfair by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 4,761,964 shares of the company’s stock valued at $703,199,000 after purchasing an additional 332,832 shares during the period. Baillie Gifford & Co. raised its stake in shares of Wayfair by 32.6% during the 4th quarter. Baillie Gifford & Co. now owns 3,773,309 shares of the company’s stock valued at $339,899,000 after purchasing an additional 927,813 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Wayfair by 26.4% during the 3rd quarter. Renaissance Technologies LLC now owns 1,536,137 shares of the company’s stock valued at $226,841,000 after purchasing an additional 320,542 shares during the period. Hedge funds and other institutional investors own 80.46% of the company’s stock.
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. The company offers approximately 10 million products for the home sector under various brands. It offers a selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, such as Wayfair, Joss & Main, AllModern, DwellStudio, Perigold, and Birch Lane.
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