Steven Conine Sells 107,919 Shares of Wayfair (NYSE:W) Stock

Wayfair Inc. (NYSE:W) Director Steven Conine sold 107,919 shares of the business’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $77.20, for a total value of $8,331,346.80. Following the completion of the transaction, the director directly owned 61,154 shares in the company, valued at approximately $4,721,088.80. This represents a 63.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 24th, Steven Conine sold 1,687 shares of Wayfair stock. The shares were sold at an average price of $77.14, for a total value of $130,135.18.
• 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 stock was sold at an average price of $74.63, for a total transaction of $6,944,321.50.
• On Friday, January 23rd, Steven Conine sold 150,000 shares of Wayfair stock. The stock was sold at an average price of $108.87, for a total transaction of $16,330,500.00.
• 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 transaction of $3,069,900.00.

Wayfair Stock Performance

NYSE W opened at $73.78 on Friday. The company has a market capitalization of $9.65 billion, a PE ratio of -30.36, a price-to-earnings-growth ratio of 5.89 and a beta of 3.40. Wayfair Inc. has a 52-week low of $20.41 and a 52-week high of $119.98. The company has a 50-day simple moving average of $87.40 and a 200 day simple moving average of $93.36.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 19th. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.21. Wayfair had a negative net margin of 2.51% and a negative return on equity of 1.52%. The firm had revenue of $3.34 billion for the quarter, compared to analysts’ expectations of $3.30 billion. During the same period in the previous year, the company earned ($0.25) earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Wayfair Inc. will post -2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on W. Truist Financial reduced their price objective on Wayfair from $120.00 to $105.00 and set a “buy” rating for the company in a report on Friday, February 20th. Piper Sandler restated an “overweight” rating and issued a $125.00 target price on shares of Wayfair in a research note on Friday, February 20th. Wedbush dropped their price target on Wayfair from $100.00 to $85.00 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Morgan Stanley lifted their price objective on Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Finally, UBS Group reaffirmed a “buy” rating on shares of Wayfair in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.62.

Institutional Investors Weigh In On Wayfair

Several institutional investors have recently made changes to their positions in W. Optas LLC grew its stake 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 raised its position in Wayfair by 30.0% during the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $46,000 after purchasing an additional 120 shares during the last quarter. Wedmont Private Capital raised its position 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 purchasing an additional 121 shares during the last quarter. True Wealth Design LLC lifted its holdings in Wayfair by 37.7% in the 4th quarter. True Wealth Design LLC now owns 449 shares of the company’s stock worth $45,000 after buying an additional 123 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings 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 buying an additional 124 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Key Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Broad consumer deal coverage and outlet roundups may boost traffic and short-term sales momentum as spring/outdoor season begins. Read More.
• Positive Sentiment: Multiple earned-media pieces highlight discounted outdoor products (e.g., canopy tent, storage box, furniture), which could drive conversions and seasonal demand. Read More.
• Neutral Sentiment: Wayfair executives discussed AI and retail at Shoptalk — a signal of ongoing investment in personalization/tech but not an immediate earnings catalyst. Read More.
• Neutral Sentiment: Additional product write-ups (home and pet furniture) sustain brand visibility; useful for marketing momentum but unlikely to change fundamentals alone. Read More.
• Negative Sentiment: CEO Niraj Shah sold large blocks of stock (most recently ~107,818 shares on 3/23 plus another 1,571 on 3/24), which reduces insider ownership materially and can be perceived as a negative signal by investors. SEC filing/report: Read More.
• Negative Sentiment: Founder/director Steven Conine sold a very large block (107,919 shares on 3/23 and another 1,687 on 3/24), cutting his stake substantially—this magnitude of insider selling can amplify investor concern. SEC filing: Read More.
• Negative Sentiment: Wayfair was removed from the S&P Homebuilders Select Industry Index; index exits can force passive funds to sell and prompt a re‑rating of growth expectations. Read More.

About Wayfair

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.