Hennessy Advisors Inc. Reduces Stock Position in Wayfair Inc. $W

Key Points

• Hennessy Advisors trimmed its Wayfair stake by 5.3% in Q4, selling 25,700 shares and leaving 460,000 shares worth about $46.2 million (Wayfair is Hennessy's 10th-largest holding and ~1.6% of its portfolio).
• Insider selling has been heavy: co‑founder Steven Conine sold 150,000 shares for ~$16.33 million, and insiders have sold 763,785 shares (~$68.05 million) over the past 90 days, while insiders still own 18.44% of the company.
• Q4 beat but profitability concerns persist: Wayfair reported $0.85 EPS vs. $0.64 expected and $3.34B revenue (up 6.9% YoY), yet remains GAAP‑unprofitable with analysts forecasting negative FY EPS (consensus target price ≈ $104.62, "Moderate Buy").

Hennessy Advisors Inc. decreased its position in Wayfair Inc. (NYSE:W - Free Report) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,000 shares of the company's stock after selling 25,700 shares during the period. Wayfair makes up approximately 1.6% of Hennessy Advisors Inc.'s holdings, making the stock its 10th biggest position. Hennessy Advisors Inc. owned 0.35% of Wayfair worth $46,189,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cornerstone Planning Group LLC raised its holdings in Wayfair by 28,200.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 283 shares of the company's stock worth $25,000 after acquiring an additional 282 shares during the last quarter. True Wealth Design LLC raised its holdings in Wayfair by 250.5% in the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company's stock worth $29,000 after acquiring an additional 233 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Wayfair by 156.3% in the 3rd quarter. Global Retirement Partners LLC now owns 328 shares of the company's stock worth $29,000 after acquiring an additional 200 shares during the last quarter. Webster Bank N. A. purchased a new position in Wayfair in the 4th quarter worth approximately $30,000. Finally, V Square Quantitative Management LLC purchased a new position in Wayfair in the 4th quarter worth approximately $33,000. Institutional investors own 89.67% of the company's stock.

Key Headlines Impacting Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair officially announced Way Day for April 25–27 with lead-in daily deals starting April 20; the company is advertising up to ~80% off across categories, which should boost traffic and short‑term sales expectations. Save the Date: Way Day Is On April 25 - 27
• Positive Sentiment: Extensive consumer press is pushing Wayfair deals (outdoor furniture, rugs, bedding, celebrity picks), increasing free marketing reach and likely driving higher site traffic and conversions ahead of the event. Examples include People and large lifestyle outlets highlighting steep discounts. I'm a Wayfair Deals Hunter, and Its Outdoor Furniture Sale Has Some of the Best I've Seen Lately — Starting at $36
• Positive Sentiment: Broader market tailwinds lifted online retail names; headlines noted Booking, Wayfair and Coupang shares jumping alongside improved sentiment in the session, which can amplify company‑specific catalysts. Booking, Wayfair, and Coupang Shares Are Soaring, What You Need To Know
• Positive Sentiment: Wayfair is growing its offline presence by opening a large South Florida store, signaling omnichannel expansion that can help customer acquisition and returns over time. Wayfair is opening its first large South Florida store. Here’s what to know
• Neutral Sentiment: Multiple product‑level deal writeups (Adirondack chairs, pet beds, celebrity picks) keep the brand top‑of‑mind but are more tactical promotions rather than strategic changes. Save up to 80% on furniture, decor and more at Wayfair today
• Neutral Sentiment: Coverage explaining Wayfair Rewards and other loyalty perks may support repeat purchases but its immediate impact on revenue/profits is uncertain. Is Wayfair Rewards worth it? Learn more about the perks and savings!
• Negative Sentiment: Despite the promotional momentum and prior quarterly beats, Wayfair remains unprofitable on a GAAP basis and analysts still model negative FY EPS — a reminder that stronger top‑line activity must translate into sustainable margins. (See Q4/earnings recap for context.) Online Retail Stocks Q4 Highlights: Wayfair NYSE: W

Insiders Place Their Bets

In other Wayfair news, insider Steven Conine sold 150,000 shares of the business's stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $108.87, for a total value of $16,330,500.00. Following the completion of the transaction, the insider directly owned 289,073 shares in the company, valued at approximately $31,471,377.51. The trade was a 34.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jon Blotner sold 4,790 shares of Wayfair stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $72.19, for a total transaction of $345,790.10. Following the completion of the transaction, the insider directly owned 111,158 shares in the company, valued at $8,024,496.02. This represents a 4.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 763,785 shares of company stock worth $68,051,942. 18.44% of the stock is owned by corporate insiders.

Wayfair Trading Up 0.1%

W stock opened at $81.45 on Monday. The company has a 50-day moving average price of $77.24 and a 200 day moving average price of $91.97. Wayfair Inc. has a 12 month low of $24.95 and a 12 month high of $119.98. The stock has a market cap of $10.65 billion, a PE ratio of -33.52, a P/E/G ratio of 6.78 and a beta of 3.30.

Wayfair (NYSE:W - Get Free Report) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.64 by $0.21. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.The company had revenue of $3.34 billion during the quarter, compared to analysts' expectations of $3.30 billion. During the same quarter in the previous year, the business earned ($0.25) EPS. Wayfair's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Wayfair Inc. will post -2.54 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on W. Wedbush decreased their price objective on shares of Wayfair from $100.00 to $85.00 and set a "neutral" rating for the company in a report on Friday, February 20th. Citigroup reduced their price objective on Wayfair from $135.00 to $110.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Mizuho reduced their price objective on Wayfair from $130.00 to $110.00 and set an "outperform" rating for the company in a report on Tuesday, February 24th. Truist Financial decreased their price target on Wayfair from $120.00 to $105.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Finally, Robert W. Baird decreased their price target on Wayfair from $98.00 to $85.00 and set a "neutral" rating on the stock in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $104.62.

About Wayfair

Wayfair Inc NYSE: W is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company's portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.

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