Wayfair Inc. (W) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts maintain a Moderate Buy consensus: Eighteen of 32 brokerages rate Wayfair a buy, while the average 12-month price target is $121.14. Recent targets range from $125 to $156, though Goldman Sachs remains neutral.
• Wayfair recently beat quarterly expectations, reporting $0.95 in EPS versus $0.90 expected and $3.52 billion in revenue, up 7.5% year over year. Shares opened at $112.61, near their 52-week high of $119.98.
• Insiders have been selling while institutions remain heavily invested: Insiders sold 676,570 shares worth about $72.2 million over the past three months, whereas institutional investors own approximately 89.67% of the company.

Wayfair Inc. (NYSE:W - Get Free Report) has received a consensus rating of "Moderate Buy" from the thirty-two brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation, eighteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $121.14.

Several analysts have commented on the stock. Evercore reaffirmed an "outperform" rating and issued a $130.00 price objective on shares of Wayfair in a research report on Wednesday, August 5th. Piper Sandler increased their target price on shares of Wayfair from $133.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday. The Goldman Sachs Group reissued a "neutral" rating on shares of Wayfair in a research report on Wednesday, August 5th. UBS Group raised their price target on shares of Wayfair from $118.00 to $156.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Rosenblatt Securities began coverage on shares of Wayfair in a report on Thursday, August 20th. They issued a "buy" rating and a $125.00 price target on the stock.

Insider Transactions at Wayfair

In other news, CEO Niraj Shah sold 117,000 shares of the company's stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total transaction of $13,016,250.00. Following the transaction, the chief executive officer owned 105,137 shares of the company's stock, valued at $11,696,491.25. This represents a 52.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 546 shares of the stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $110.00, for a total value of $60,060.00. Following the transaction, the insider owned 115,885 shares of the company's stock, valued at $12,747,350. The trade was a 0.47% 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. In the last three months, insiders have sold 676,570 shares of company stock valued at $72,176,934. Corporate insiders own 18.44% of the company's stock.

Hedge Funds Weigh In On Wayfair

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Atreides Management LP grew its stake in Wayfair by 64.3% in the first 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Wayfair by 46.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company's stock valued at $77,923,000 after purchasing an additional 328,358 shares in the last quarter. Janus Henderson Group PLC raised its position in Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company's stock valued at $290,813,000 after purchasing an additional 296,233 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Wayfair by 42.2% during 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, Baird Financial Group Inc. purchased a new stake in shares of Wayfair in the 2nd quarter worth $16,362,000. Institutional investors own 89.67% of the company's stock.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair is being prominently featured in multiple holiday and home-furnishing shopping guides, including Way Day promotions offering discounts of up to 80%, furniture deals, patio products and lower-priced alternatives to celebrity-inspired “cloud” couches. The coverage could support consumer traffic and near-term sales during the important holiday shopping period. Way Day holiday hosting deals
• Positive Sentiment: An article reports that Wayfair plans to triple its store count by the end of 2027. If executed, the expansion could improve customer reach, brand awareness and sales opportunities, although the report provides limited details about the planned format, investment or profitability. Wayfair store expansion report
• Neutral Sentiment: Recent shopping coverage highlights discounted Wayfair products, including an accent chair, patio bistro set and outdoor storage shed. These articles reinforce product visibility but are not evidence of a material change in revenue, margins or guidance. Wayfair furniture sale finds
• Negative Sentiment: Chief Technology Officer Fiona Tan sold 8,000 Wayfair shares for approximately $920,000 at an average price of $115. The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, reducing its significance as a discretionary bearish signal, and she still held about 196,698 shares afterward. However, the transaction can modestly pressure sentiment, particularly after another 7,000-share sale earlier in October. Wayfair CTO insider sale

Wayfair Price Performance

Shares of Wayfair stock opened at $112.61 on Friday. Wayfair has a 1 year low of $55.60 and a 1 year high of $119.98. The firm has a market cap of $14.86 billion, a PE ratio of -45.78, a P/E/G ratio of 4.04 and a beta of 3.02. The stock has a fifty day moving average price of $103.56 and a 200-day moving average price of $88.98.

Wayfair (NYSE:W - Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.05. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%. The company had revenue of $3.52 billion for the quarter, compared to analysts' expectations of $3.47 billion. During the same period in the previous year, the business posted $0.87 EPS. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities analysts anticipate that Wayfair will post 0.93 EPS for the current fiscal year.

About Wayfair

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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