Wayfair Inc (NYSE:W) Receives $155.74 Average Target Price from Analysts

Wayfair Inc (NYSE:W) has been given an average rating of “Hold” by the twenty-six research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $155.74.

A number of analysts have weighed in on W shares. Stifel Nicolaus increased their price target on Wayfair from $132.00 to $150.00 and gave the stock a “hold” rating in a report on Thursday, May 2nd. Deutsche Bank decreased their price target on Wayfair from $175.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Wedbush decreased their price target on Wayfair from $140.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Piper Jaffray Companies set a $175.00 price target on Wayfair and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Needham & Company LLC started coverage on Wayfair in a report on Monday, July 1st. They set a “buy” rating and a $175.00 price target for the company.

NYSE W opened at $113.50 on Friday. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of -20.23 and a beta of 1.88. Wayfair has a twelve month low of $76.60 and a twelve month high of $173.72. The stock has a fifty day simple moving average of $134.37 and a 200 day simple moving average of $144.99.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($1.35) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.97) by $0.62. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.26 billion. The business’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.77) earnings per share. Sell-side analysts anticipate that Wayfair will post -9.36 earnings per share for the current year.

In related news, COO Thomas Netzer sold 2,946 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $126.96, for a total value of $374,024.16. Following the transaction, the chief operating officer now owns 18,255 shares of the company’s stock, valued at approximately $2,317,654.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edmond Macri sold 300 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $142.32, for a total transaction of $42,696.00. Following the completion of the transaction, the insider now directly owns 950 shares in the company, valued at approximately $135,204. The disclosure for this sale can be found here. Insiders have sold a total of 35,744 shares of company stock worth $5,340,433 in the last three months. Insiders own 33.86% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in Wayfair by 40.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 294 shares of the company’s stock valued at $45,000 after buying an additional 84 shares during the last quarter. Advisor Group Inc. increased its stake in Wayfair by 9.0% in the 2nd quarter. Advisor Group Inc. now owns 1,076 shares of the company’s stock valued at $156,000 after buying an additional 89 shares during the last quarter. World Asset Management Inc increased its stake in Wayfair by 5.5% in the 2nd quarter. World Asset Management Inc now owns 2,045 shares of the company’s stock valued at $299,000 after buying an additional 107 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Wayfair by 1.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,090 shares of the company’s stock valued at $1,201,000 after buying an additional 140 shares during the last quarter. Finally, CSat Investment Advisory L.P. purchased a new stake in Wayfair in the 2nd quarter valued at about $25,000. 77.21% of the stock is currently owned by institutional investors and hedge funds.

Wayfair Company Profile

Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.

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Analyst Recommendations for Wayfair (NYSE:W)

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