Wayfair (NYSE:W) Insider Steven Conine Sells 150,000 Shares of Stock

Wayfair Inc. (NYSE:W) insider Steven Conine sold 150,000 shares of the company’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $108.87, for a total value of $16,330,500.00. Following the sale, the insider owned 289,073 shares in the company, valued at approximately $31,471,377.51. The trade was a 34.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Steven Conine also recently made the following trade(s):

• On Friday, December 26th, Steven Conine sold 30,000 shares of Wayfair stock. The shares were sold at an average price of $102.33, for a total value of $3,069,900.00.
• On Tuesday, December 23rd, Steven Conine sold 120,000 shares of Wayfair stock. The stock was sold at an average price of $100.28, for a total value of $12,033,600.00.
• On Monday, November 24th, Steven Conine sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $105.92, for a total transaction of $15,888,000.00.

Wayfair Stock Up 1.0%

NYSE:W opened at $111.22 on Wednesday. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $119.98. The company has a fifty day moving average of $105.09 and a 200-day moving average of $90.14. The firm has a market capitalization of $14.50 billion, a P/E ratio of -43.44, a P/E/G ratio of 9.05 and a beta of 3.31.

Wayfair (NYSE:W) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The company had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the business posted $0.22 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, analysts anticipate that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on W. Canaccord Genuity Group boosted their price objective on Wayfair from $100.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Piper Sandler restated an “overweight” rating on shares of Wayfair in a research note on Friday, November 21st. Barclays upped their price objective on shares of Wayfair from $70.00 to $104.00 and gave the stock a “positive” rating in a report on Wednesday, October 29th. Evercore ISI lifted their price objective on shares of Wayfair from $100.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Citigroup upped their target price on shares of Wayfair from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.21.

Hedge Funds Weigh In On Wayfair

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors increased its position in shares of Wayfair by 4.1% during the third quarter. Capital World Investors now owns 13,374,574 shares of the company’s stock valued at $1,194,750,000 after acquiring an additional 521,240 shares during the last quarter. Vanguard Group Inc. grew its stake in Wayfair by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,562,050 shares of the company’s stock valued at $854,178,000 after purchasing an additional 397,572 shares during the period. Spruce House Investment Management LLC grew its stake in Wayfair by 37.6% in the 2nd quarter. Spruce House Investment Management LLC now owns 3,000,000 shares of the company’s stock valued at $153,420,000 after purchasing an additional 819,615 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Wayfair by 826.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock valued at $251,648,000 after purchasing an additional 2,512,854 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Wayfair by 3.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,661,496 shares of the company’s stock worth $84,985,000 after purchasing an additional 59,083 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Zacks flags Wayfair as likely to beat EPS estimates again based on its recent surprise history and current operating metrics — a prospective earnings beat is a clear upside catalyst for the share price. Why Wayfair (W) is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Heavy promotional/editorial coverage (People, MSN, Southern Living, etc.) is highlighting large discounts across rugs, furniture, storage and home decor — this broad media exposure can boost site traffic and near‑term sales and supports consumer demand trends. Our Editors Test Wayfair Furniture and Decor
• Neutral Sentiment: Multiple product-specific deal stories (Joanna Gaines rug, Kelly Clarkson rugs, farmhouse sofa, storage shed, dresser, etc.) increase awareness but are typical retail promotions; they support topline activity but may not meaningfully change margins or long‑term guidance on their own. Example: Joanna Gaines rug discount. Joanna Gaines’ Washable Area Rug Deal
• Negative Sentiment: Large insider sales by co‑founders/insiders are weighing on sentiment: CEO Niraj Shah and co‑founder Steven Conine each sold 150,000 shares at about $108.87 on Jan. 23, representing ~34% reductions in their reported holdings — such sizable, concurrent disposals can trigger investor concern about insider conviction and add supply pressure. Niraj Shah Form 4 Steven Conine Form 4

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.