Wayfair (NYSE:W) Upgraded at Gordon Haskett

Key Points

• Gordon Haskett upgraded Wayfair from “hold” to “buy” and set a $160 price target, implying 28.23% upside from the previous close.
• Wayfair reported quarterly revenue of $3.42 billion, up 9.7% year over year, and earnings of $0.93 per share—both above analyst estimates. U.S. revenue growth was strong, while international revenue declined 2.3%.
• Analyst sentiment is broadly positive, with MarketBeat reporting a “Moderate Buy” consensus; however, the average price target of $124.15 was slightly below the stock’s reported $124.78 trading price.

Wayfair (NYSE:W - Get Free Report) was upgraded by research analysts at Gordon Haskett from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a $160.00 price objective on the stock. Gordon Haskett's target price suggests a potential upside of 28.23% from the stock's previous close.

W has been the subject of several other research reports. The Goldman Sachs Group reiterated a "neutral" rating on shares of Wayfair in a research note on Wednesday, August 5th. BMO Capital Markets upped their target price on shares of Wayfair from $105.00 to $115.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their target price on shares of Wayfair from $92.00 to $96.00 and gave the company a "sector perform" rating in a report on Friday, October 23rd. Robert W. Baird lifted their price target on shares of Wayfair from $116.00 to $117.00 and gave the company a "neutral" rating in a research report on Thursday, October 8th. Finally, Citigroup boosted their price target on Wayfair from $95.00 to $133.00 and gave the stock a "buy" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $124.15.

Wayfair Stock Performance

NYSE:W traded up $13.46 during trading hours on Wednesday, hitting $124.78. The company's stock had a trading volume of 2,249,587 shares, compared to its average volume of 3,369,838. Wayfair has a 52-week low of $55.60 and a 52-week high of $126.90. The business's 50-day moving average is $105.19 and its two-hundred day moving average is $89.15. The company has a market capitalization of $16.47 billion, a PE ratio of -51.20, a PEG ratio of 4.07 and a beta of 3.10.

Wayfair (NYSE:W - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.80 by $0.13. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.38 billion. During the same period in the previous year, the firm earned $0.70 EPS. The business's revenue was up 9.7% on a year-over-year basis. As a group, analysts predict that Wayfair will post 0.93 EPS for the current fiscal year.

Insider Buying and Selling at Wayfair

In other Wayfair news, CEO Niraj Shah sold 117,000 shares of Wayfair stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the completion of the transaction, the chief executive officer owned 105,137 shares in the company, valued at approximately $11,696,491.25. The trade was a 52.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 500 shares of the company's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, the insider directly owned 115,385 shares in the company, valued at $13,846,200. This trade represents a 0.43% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 677,070 shares of company stock valued at $72,236,934 in the last quarter. Insiders own 18.44% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC boosted its position in shares of Wayfair by 8.3% in the first quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company's stock worth $290,813,000 after acquiring an additional 296,233 shares during the last quarter. Atreides Management LP raised its holdings in shares of Wayfair by 64.3% in the 1st quarter. Atreides Management LP now owns 1,430,997 shares of the company's stock worth $107,625,000 after purchasing an additional 560,133 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Wayfair by 46.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company's stock worth $77,923,000 after purchasing an additional 328,358 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Wayfair by 42.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company's stock valued at $75,654,000 after purchasing an additional 242,791 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Wayfair by 1.8% during the 1st quarter. Bank of New York Mellon Corp now owns 310,825 shares of the company's stock worth $23,377,000 after purchasing an additional 5,586 shares during the period. 89.67% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair reported Q3 revenue of $3.42 billion, up 9.7% year over year and ahead of estimates of about $3.38 billion. Earnings of $0.93 per share also topped analyst forecasts of $0.80–$0.83 and rose from $0.70 a year earlier. Wayfair Q3 earnings report
• Positive Sentiment: U.S. revenue rose 11.4% to $3.0 billion, driving overall growth; management said sales gains reflect share capture in a weak market. Coverage also described the quarter as Wayfair’s strongest growth pace since the pandemic and its best margin performance in six years—encouraging signs for its recovery. CNBC Wayfair earnings coverage
• Neutral Sentiment: The broader U.S. market was also higher, providing a supportive backdrop for shares, though the company’s earnings beat and U.S. growth appear to be the more specific catalysts. Wednesday market movers
• Negative Sentiment: International revenue declined 2.3% to $380 million, a headwind that contrasts with strong U.S. performance and leaves the company’s growth reliant on domestic demand for now. Wayfair Q3 results release

Wayfair Company Profile

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.

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