Wayfair Inc. (NYSE:W - Get Free Report) Director Anke Schaferkordt sold 397 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $40.92, for a total value of $16,245.24. Following the transaction, the director now owns 12,434 shares in the company, valued at approximately $508,799.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Wayfair Price Performance
NYSE W opened at $44.37 on Wednesday. Wayfair Inc. has a twelve month low of $38.02 and a twelve month high of $76.18. The business's fifty day moving average is $48.65 and its 200 day moving average is $52.20.
Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.09. The firm had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the business earned ($1.38) EPS. The company's revenue was down 2.0% compared to the same quarter last year. Equities research analysts forecast that Wayfair Inc. will post -2.68 EPS for the current year.
Analysts Set New Price Targets
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A number of equities analysts have recently weighed in on the company. Mizuho lowered their target price on Wayfair from $65.00 to $60.00 and set an "outperform" rating on the stock in a research note on Monday. Royal Bank of Canada lowered their target price on Wayfair from $53.00 to $50.00 and set a "sector perform" rating on the stock in a research note on Monday. JPMorgan Chase & Co. lowered their price objective on Wayfair from $80.00 to $63.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Loop Capital raised their price objective on Wayfair from $45.00 to $55.00 and gave the stock a "hold" rating in a research note on Thursday, September 26th. Finally, UBS Group lowered their price objective on Wayfair from $70.00 to $65.00 and set a "buy" rating on the stock in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $60.28.
View Our Latest Stock Analysis on W
Institutional Investors Weigh In On Wayfair
Several hedge funds have recently modified their holdings of the company. WealthPlan Investment Management LLC lifted its holdings in Wayfair by 5.6% during the 1st quarter. WealthPlan Investment Management LLC now owns 5,097 shares of the company's stock worth $346,000 after buying an additional 271 shares during the period. Creative Planning lifted its holdings in Wayfair by 2.1% during the 3rd quarter. Creative Planning now owns 13,261 shares of the company's stock worth $745,000 after buying an additional 272 shares during the period. QRG Capital Management Inc. lifted its holdings in Wayfair by 12.0% during the 1st quarter. QRG Capital Management Inc. now owns 3,716 shares of the company's stock worth $252,000 after buying an additional 399 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Wayfair by 39.1% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company's stock worth $114,000 after buying an additional 471 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Wayfair during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 89.67% of the company's stock.
About Wayfair
(
Get Free Report)
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.
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