Wayfair (W) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Wayfair (NYSE: W) recently:

• 4/24/2024 – Wayfair had its price target lowered by analysts at Royal Bank of Canada from $62.00 to $61.00. They now have a “sector perform” rating on the stock.
• 4/24/2024 – Wayfair had its price target raised by analysts at TD Cowen from $50.00 to $55.00. They now have a “hold” rating on the stock.
• 4/22/2024 – Wayfair had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $70.00 price target on the stock.
• 4/10/2024 – Wayfair had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $63.00 to $79.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Wayfair was upgraded by analysts at Evercore ISI from an “in-line” rating to an “outperform” rating. They now have a $80.00 price target on the stock, up previously from $65.00.
• 4/2/2024 – Wayfair had its price target raised by analysts at Loop Capital from $55.00 to $65.00. They now have a “hold” rating on the stock.
• 3/29/2024 – Wayfair was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/28/2024 – Wayfair had its price target raised by analysts at Citigroup Inc. from $73.00 to $85.00. They now have a “buy” rating on the stock.
• 3/25/2024 – Wayfair had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $80.00 price target on the stock.
• 3/19/2024 – Wayfair is now covered by analysts at Mizuho. They set a “buy” rating and a $72.00 price target on the stock.
• 3/18/2024 – Wayfair was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Wayfair Trading Down 2.0 %

Shares of W opened at $50.16 on Wednesday. Wayfair Inc. has a 1-year low of $29.51 and a 1-year high of $90.71. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of -7.69 and a beta of 3.29. The firm’s 50-day moving average price is $59.57 and its 200-day moving average price is $55.06.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 22nd. The company reported ($1.46) EPS for the quarter, beating analysts’ consensus estimates of ($1.54) by $0.08. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.10 billion. On average, research analysts forecast that Wayfair Inc. will post -3.37 EPS for the current fiscal year.

Insider Activity

In other news, CFO Kate Gulliver sold 3,395 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.04, for a total value of $220,810.80. Following the sale, the chief financial officer now directly owns 82,560 shares of the company’s stock, valued at $5,369,702.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CFO Kate Gulliver sold 3,395 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.04, for a total value of $220,810.80. Following the transaction, the chief financial officer now owns 82,560 shares in the company, valued at $5,369,702.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Fiona Tan sold 5,315 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $63.06, for a total transaction of $335,163.90. Following the sale, the chief technology officer now directly owns 51,095 shares of the company’s stock, valued at approximately $3,222,050.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,808 shares of company stock worth $5,445,222. Insiders own 23.50% of the company’s stock.

Institutional Trading of Wayfair

A number of institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew its holdings in shares of Wayfair by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 10,274 shares of the company’s stock worth $622,000 after acquiring an additional 537 shares during the period. Raymond James & Associates grew its stake in shares of Wayfair by 9.3% during the 3rd quarter. Raymond James & Associates now owns 5,730 shares of the company’s stock valued at $347,000 after purchasing an additional 486 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Wayfair by 2.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 273,523 shares of the company’s stock valued at $16,567,000 after purchasing an additional 7,719 shares during the period. Rothschild & Co Wealth Management UK Ltd increased its position in shares of Wayfair by 13.7% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 197,267 shares of the company’s stock valued at $11,948,000 after purchasing an additional 23,733 shares during the last quarter. Finally, BluePath Capital Management LLC bought a new position in shares of Wayfair in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.