Wayfair Inc. (NYSE:W) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Wayfair has a consensus analyst rating of “Moderate Buy” from 30 covering analysts, with an average 12-month price target of about $99.89. The breakdown includes 18 buy ratings, 10 holds, 1 sell, and 1 strong buy.
• Several analysts have recently cut price targets or reiterated cautious views, including RBC and TD Cowen, while Weiss Ratings maintained a sell rating. Recent target prices from major firms are mostly in the $75 to $79 range.
• Wayfair reported Q1 earnings in line with expectations, posting $0.26 EPS on revenue of $2.93 billion, with revenue up 7.4% year over year. However, the company still posted negative net margin and return on equity, and insiders have sold shares recently.

Shares of Wayfair Inc. (NYSE:W - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirty analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation, eighteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $99.8929.

A number of analysts have issued reports on W shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Wayfair in a research report on Monday, April 20th. Royal Bank Of Canada cut their target price on Wayfair from $92.00 to $76.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 30th. Robert W. Baird set a $76.00 target price on Wayfair in a research report on Monday, May 4th. TD Cowen cut their target price on Wayfair from $88.00 to $75.00 and set a "hold" rating on the stock in a research report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $79.00 target price on Wayfair in a research report on Friday, May 1st.

Insider Buying and Selling at Wayfair

In other Wayfair news, CEO Niraj Shah sold 6,137 shares of the business's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $78.62, for a total value of $482,490.94. Following the sale, the chief executive officer owned 429,137 shares of the company's stock, valued at $33,738,750.94. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 7,139 shares of the business's stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $78.55, for a total value of $560,768.45. Following the completion of the sale, the director directly owned 429,073 shares in the company, valued at approximately $33,703,684.15. The trade was a 1.64% 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 have sold a total of 463,785 shares of company stock valued at $35,864,224 over the last quarter. 18.44% of the stock is owned by company insiders.

Institutional Trading of Wayfair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Optas LLC increased its position in shares of Wayfair by 2.1% during the fourth quarter. Optas LLC now owns 5,057 shares of the company's stock worth $508,000 after acquiring an additional 106 shares during the period. Larson Financial Group LLC increased its position in shares of Wayfair by 30.0% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company's stock worth $46,000 after acquiring an additional 120 shares during the period. Wedmont Private Capital increased its position in shares of Wayfair by 3.3% during the fourth quarter. Wedmont Private Capital now owns 3,774 shares of the company's stock worth $415,000 after acquiring an additional 121 shares during the period. True Wealth Design LLC increased its position in shares of Wayfair by 37.7% during the fourth quarter. True Wealth Design LLC now owns 449 shares of the company's stock worth $45,000 after acquiring an additional 123 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Wayfair by 2.3% during the fourth quarter. State of Alaska Department of Revenue now owns 5,418 shares of the company's stock worth $544,000 after acquiring an additional 124 shares during the period. Hedge funds and other institutional investors own 89.67% of the company's stock.

Trending Headlines about Wayfair

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Multiple outlets highlighted deep Wayfair promotions on patio furniture, mattresses, sofas, storage sheds, quilts, and other home goods, with discounts reaching as high as 80% off. Wayfair’s Memorial Day sale ends tonight. Save up to 77% off patio sets, mattresses, sofas & more
• Positive Sentiment: Coverage of “secret outlet” and clearance-level pricing on patio deals and outdoor chairs points to heavy deal traffic and strong promotional visibility for Wayfair. Wayfair just filled its secret outlet with even more patio deals—and we handpicked the 10 best up to 52% off
• Positive Sentiment: Media mentions of a “soaring” move in Wayfair shares alongside Carvana suggest momentum traders are paying attention to the stock after the sale-related news flow. Wayfair and Carvana shares are soaring, what you need to know
• Neutral Sentiment: Several lifestyle articles promoted specific Wayfair products and gift ideas, reinforcing brand awareness but offering little direct evidence of earnings impact. 30 Father’s Day gifts from Wayfair that they’ll probably use for years
• Neutral Sentiment: More product roundups featuring steep markdowns on furniture and decor may help traffic, but they mostly reflect ongoing promotional activity rather than new fundamentals. Wayfair Is Selling a $660 Velvet Sofa That Doubles as a Guest Bed for $200 Right Now
• Neutral Sentiment: Articles noting the end of Wayfair’s Memorial Day sale underscore urgency for shoppers, but also imply the promotional event is temporary. Wayfair’s Memorial Day sale ends tonight — get up to 80% off 1,000s of items

Wayfair Stock Performance

W stock opened at $73.04 on Thursday. The firm has a market cap of $9.64 billion, a PE ratio of -31.21, a PEG ratio of 4.11 and a beta of 3.02. The firm's 50 day moving average price is $71.32 and its 200-day moving average price is $88.29. Wayfair has a one year low of $39.90 and a one year high of $119.98.

Wayfair (NYSE:W - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Equities research analysts predict that Wayfair will post 0.58 EPS for the current fiscal year.

Wayfair Company Profile

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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