Teachers Retirement System of The State of Kentucky Sells 13,021 Shares of Wayfair Inc. $W

Key Points

• Teachers Retirement System of the State of Kentucky sold 13,021 shares of Wayfair in Q4, cutting its stake by 9.2% to 128,771 shares worth about $12.93 million.
• Insider selling has been notable: Director Steven Conine and CEO Niraj Shah sold shares on March 24, and insiders have disposed of 463,785 shares (~$35.39M) in the last 90 days while owning 18.44% of the company.
• Wayfair beat Q4 EPS estimates ($0.85 vs. $0.64) with $3.34B revenue (+6.9% YoY); analysts hold a consensus "Moderate Buy" and an average price target of $104.62 while the stock trades around $78.76.

Teachers Retirement System of The State of Kentucky cut its holdings in shares of Wayfair Inc. (NYSE:W - Free Report) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 128,771 shares of the company's stock after selling 13,021 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.10% of Wayfair worth $12,929,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in W. Cornerstone Planning Group LLC boosted its holdings in Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company's stock valued at $25,000 after acquiring an additional 282 shares in the last quarter. True Wealth Design LLC increased its position in Wayfair by 250.5% during the 3rd quarter. True Wealth Design LLC now owns 326 shares of the company's stock valued at $29,000 after purchasing an additional 233 shares during the period. 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 purchasing an additional 200 shares in the last quarter. Webster Bank N. A. bought a new position in Wayfair in the 4th quarter worth $30,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Wayfair in the 4th quarter worth about $33,000. Institutional investors own 89.67% of the company's stock.

Insider Buying and Selling

In other Wayfair news, Director Steven Conine sold 1,687 shares of the business's stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $77.14, for a total value of $130,135.18. Following the sale, the director directly owned 59,467 shares of the company's stock, valued at approximately $4,587,284.38. The trade was a 2.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Niraj Shah sold 1,571 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $77.18, for a total value of $121,249.78. Following the completion of the sale, the chief executive officer directly owned 59,748 shares in the company, valued at approximately $4,611,350.64. This represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 463,785 shares of company stock worth $35,390,942 in the last 90 days. Insiders own 18.44% of the company's stock.

Key Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Major consumer outlets highlight specific, viral bargains (e.g., a popular reading pillow under $50), signaling product-level traction that can convert browsers into buyers. This viral reading pillow is under $50 at Wayfair's Way Day sale
• Positive Sentiment: Local and national outlets (NJ.com, MassLive, People) are carrying broad deal roundups highlighting up to ~80% off—amplifying reach during the promo window. Wayfair’s Way Day sale is back! Save up to 80% off outdoor essentials, sofa beds, kitchen finds & more
• Positive Sentiment: Deal roundups spotlight high-ticket items (patio sets, grills) deeply discounted — these can lift average order value and seasonal outdoor category sales. Wayfair kicks off Way Day with up to 80% off thousands of items — here are the best deals
• Positive Sentiment: Coverage in People and Consumer Reports gives credibility to curated categories (bedding, rugs), helping conversion among mainstream shoppers. We Spotted Epic Spring Bedding Deals from $24 at Wayfair Way Day— Shop Comforter Sets, Quilts, and Soft Sheets
• Positive Sentiment: Consumer Reports and NYMag strategist coverage may attract value-conscious and design-focused shoppers, broadening customer demographics. Best Deals During Wayfair's Way Day Sale
• Positive Sentiment: Multiple write-ups on major brands (Weber, Henckels, Blackstone) being discounted suggest strong vendor participation that can boost assortment appeal. Wayfair is slashing prices on Weber grills during Way Day — get one for $90
• Positive Sentiment: Coverage of high-profile collaborations (e.g., Joanna Gaines rugs) can drive branded demand and margin-accretive traffic if those upsells succeed. Joanna Gaines’ ‘Very Soft’ Rugs Are on Sale at Wayfair from $39 — Including ‘Stunning’ Machine-Washable Picks

Analyst Upgrades and Downgrades

W has been the topic of a number of research reports. Royal Bank Of Canada lifted their target price on shares of Wayfair from $86.00 to $92.00 and gave the company a "sector perform" rating in a research note on Friday, February 20th. Robert W. Baird lowered their price objective on shares of Wayfair from $98.00 to $85.00 and set a "neutral" rating for the company in a report on Friday, February 20th. Jefferies Financial Group reaffirmed a "hold" rating on shares of Wayfair in a research report on Tuesday, March 10th. Needham & Company LLC reiterated a "buy" rating and set a $125.00 target price on shares of Wayfair in a report on Friday, February 20th. Finally, Piper Sandler reissued an "overweight" rating and issued a $125.00 target price on shares of Wayfair in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $104.62.

Wayfair Price Performance

NYSE:W opened at $78.76 on Monday. Wayfair Inc. has a one year low of $28.21 and a one year high of $119.98. The company's 50-day simple moving average is $76.46 and its 200 day simple moving average is $91.78. The firm has a market capitalization of $10.30 billion, a P/E ratio of -32.41, a PEG ratio of 6.61 and a beta of 3.30.

Wayfair (NYSE:W - Get Free Report) last announced its earnings results on Thursday, February 19th. The company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.21. Wayfair had a negative net margin of 2.51% and a negative return on equity of 1.52%. The business had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. During the same quarter last year, the firm earned ($0.25) earnings per share. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts expect that Wayfair Inc. will post 0.4 earnings per share for the current fiscal year.

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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