Wayfair Inc. (NYSE:W) Receives Consensus Recommendation of “Hold” from Analysts

Wayfair Inc. (NYSE:WGet Rating) has been given an average rating of “Hold” by the twenty-seven brokerages that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $207.29.

Several brokerages have recently commented on W. Truist Financial reduced their target price on Wayfair from $240.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Piper Sandler reduced their target price on Wayfair from $300.00 to $200.00 in a report on Friday, February 18th. Needham & Company LLC reduced their target price on Wayfair from $180.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, April 1st. StockNews.com began coverage on Wayfair in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, UBS Group reduced their target price on Wayfair from $150.00 to $135.00 and set a “neutral” rating on the stock in a report on Friday, February 25th.

NYSE W opened at $102.00 on Tuesday. The stock’s 50 day moving average is $123.10 and its two-hundred day moving average is $181.80. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of -74.45 and a beta of 2.85. Wayfair has a 1-year low of $99.39 and a 1-year high of $339.56.

Wayfair (NYSE:WGet Rating) last released its quarterly earnings data on Thursday, February 24th. The company reported ($1.97) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.67) by ($0.30). The company had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.28 billion. Wayfair had a negative net margin of 0.96% and a negative return on equity of 10.52%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities analysts expect that Wayfair will post -6.9 EPS for the current year.

In related news, insider Steve Oblak sold 941 shares of the company’s stock in a transaction on Wednesday, January 19th. The shares were sold at an average price of $159.49, for a total value of $150,080.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael D. Fleisher sold 5,292 shares of the company’s stock in a transaction on Wednesday, January 19th. The shares were sold at an average price of $160.05, for a total transaction of $846,984.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,440 shares of company stock valued at $2,434,889 in the last quarter. Corporate insiders own 27.53% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in W. Capital World Investors boosted its stake in Wayfair by 195.1% in the 3rd quarter. Capital World Investors now owns 3,290,985 shares of the company’s stock worth $840,880,000 after purchasing an additional 2,175,692 shares during the period. Vulcan Value Partners LLC boosted its stake in Wayfair by 30.8% in the 4th quarter. Vulcan Value Partners LLC now owns 3,680,883 shares of the company’s stock worth $699,258,000 after purchasing an additional 867,799 shares during the period. Stockbridge Partners LLC acquired a new position in Wayfair in the 3rd quarter worth $200,126,000. Ruane Cunniff & Goldfarb L.P. boosted its stake in Wayfair by 32.5% in the 4th quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,154,288 shares of the company’s stock worth $599,220,000 after purchasing an additional 773,999 shares during the period. Finally, Norges Bank acquired a new position in Wayfair in the 4th quarter worth $127,897,000. Institutional investors and hedge funds own 85.38% of the company’s stock.

About Wayfair (Get Rating)

Wayfair Inc engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It 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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