Wayfair (NYSE:W) Director Steven Conine Sells 7,139 Shares

Wayfair Inc. (NYSE:W) Director Steven Conine sold 7,139 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $78.55, for a total value of $560,768.45. Following the completion of the transaction, the director directly owned 429,073 shares in the company, valued at approximately $33,703,684.15. This represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 23rd, Steven Conine sold 112,861 shares of Wayfair stock. The shares were sold at an average price of $77.50, for a total value of $8,746,727.50.
• On Tuesday, March 24th, Steven Conine sold 1,687 shares of Wayfair stock. The stock was sold at an average price of $77.14, for a total value of $130,135.18.
• On Monday, March 23rd, Steven Conine sold 107,919 shares of Wayfair stock. The stock was sold at an average price of $77.20, for a total value of $8,331,346.80.
• On Thursday, February 26th, Steven Conine sold 26,950 shares of Wayfair stock. The shares were sold at an average price of $78.86, for a total value of $2,125,277.00.
• On Monday, February 23rd, Steven Conine sold 93,050 shares of Wayfair stock. The shares were sold at an average price of $74.63, for a total value of $6,944,321.50.

Wayfair Trading Down 3.9%

Wayfair stock opened at $75.74 on Tuesday. The firm has a 50 day moving average of $76.33 and a 200 day moving average of $91.75. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of -31.17, a P/E/G ratio of 6.61 and a beta of 3.30. Wayfair Inc. has a 12-month low of $28.77 and a 12-month high of $119.98.

Wayfair (NYSE:W) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.21. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.30 billion. Wayfair had a negative net margin of 2.51% and a negative return on equity of 1.52%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.25) earnings per share. On average, analysts predict that Wayfair Inc. will post 0.4 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on W shares. Evercore set a $100.00 target price on shares of Wayfair in a report on Friday, February 20th. Citigroup decreased their price target on Wayfair from $135.00 to $110.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Piper Sandler restated an “overweight” rating and issued a $125.00 price objective on shares of Wayfair in a research report on Friday, February 20th. Wall Street Zen lowered Wayfair from a “buy” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Wayfair in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.62.

Institutional Trading of Wayfair

Several hedge funds have recently bought and sold shares of W. Optas LLC increased its holdings in shares of Wayfair by 2.1% in the fourth quarter. Optas LLC now owns 5,057 shares of the company’s stock worth $508,000 after purchasing an additional 106 shares during the last quarter. Larson Financial Group LLC boosted its stake in Wayfair by 30.0% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after buying an additional 120 shares during the last quarter. Wedmont Private Capital grew its holdings in Wayfair by 3.3% during the 4th quarter. Wedmont Private Capital now owns 3,774 shares of the company’s stock valued at $415,000 after buying an additional 121 shares in the last quarter. True Wealth Design LLC grew its holdings in Wayfair by 37.7% during the 4th quarter. True Wealth Design LLC now owns 449 shares of the company’s stock valued at $45,000 after buying an additional 123 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Wayfair by 2.3% in the 4th quarter. State of Alaska Department of Revenue now owns 5,418 shares of the company’s stock worth $544,000 after acquiring an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Broad media coverage of Wayfair’s “Way Day” promotion and heavily discounted inventory (up to ~80% off) could drive near‑term traffic and sales during the seasonal promo period, supporting top‑line momentum if conversion and AOV hold. Wayfair kicks off Way Day
• Neutral Sentiment: Extensive lifestyle and deal coverage (product roundups, viral items, large markdowns on furniture and appliances) increases brand visibility and may lift short‑term demand, but heavy discounting can compress margins — impact depends on sell‑through and margin mix. Representative coverage: Wayfair Way Day bedding deals
• Negative Sentiment: Large insider stock sales by CEO Niraj Shah and Director Steven Conine (transactions on April 23–24 totaling ~235k shares reported across filings) are weighing on sentiment. The trades were executed under pre‑arranged Rule 10b5‑1 plans (which reduces, but does not eliminate, negative interpretation). Market reaction likely interprets the magnitude and timing of the sales as a bearish signal despite the planned nature. CEO Form 4 (Shah) Director Form 4 (Conine)

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.