Wayfair's (W) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Wayfair's stock has been given a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns from investment analysts.
• Despite Weiss Ratings' negative outlook, other analysts maintain a more positive stance, with reports from Raymond James and Goldman Sachs highlighting a mixture of ratings from "strong-buy" to "neutral."
• Wayfair reported a 5.0% increase in revenue year-over-year and exceeded earnings expectations, posting $0.87 earnings per share compared to a consensus estimate of $0.33.

Wayfair (NYSE:W - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also issued reports on W. Raymond James Financial restated a "strong-buy" rating on shares of Wayfair in a research note on Tuesday, August 5th. Wedbush reaffirmed a "neutral" rating on shares of Wayfair in a report on Tuesday, August 5th. The Goldman Sachs Group upped their price objective on shares of Wayfair from $31.00 to $80.00 and gave the company a "neutral" rating in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their price objective on shares of Wayfair from $75.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Wayfair from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $73.73.

Wayfair Price Performance

NYSE W traded down $1.34 during trading on Wednesday, reaching $81.79. 1,352,697 shares of the company's stock traded hands, compared to its average volume of 4,873,484. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of -34.05 and a beta of 3.03. The company's 50 day simple moving average is $80.48 and its two-hundred day simple moving average is $55.16. Wayfair has a 12-month low of $20.41 and a 12-month high of $91.77.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.54. The company had revenue of $3.27 billion for the quarter, compared to analysts' expectations of $3.11 billion. During the same quarter last year, the company earned $0.47 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts expect that Wayfair will post -2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Steven Conine sold 85,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $86.79, for a total value of $7,377,150.00. Following the completion of the sale, the insider owned 374,073 shares of the company's stock, valued at approximately $32,465,795.67. This represents a 18.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Niraj Shah sold 85,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $86.79, for a total transaction of $7,377,150.00. Following the completion of the sale, the chief executive officer directly owned 374,137 shares of the company's stock, valued at $32,471,350.23. This represents a 18.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 923,857 shares of company stock valued at $71,090,564 in the last ninety days. Insiders own 21.91% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wedmont Private Capital acquired a new position in Wayfair in the third quarter valued at about $304,000. ST Germain D J Co. Inc. lifted its position in Wayfair by 1,047.5% in the third quarter. ST Germain D J Co. Inc. now owns 2,295 shares of the company's stock valued at $205,000 after buying an additional 2,095 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Wayfair in the third quarter valued at about $249,000. Aaron Wealth Advisors LLC acquired a new stake in shares of Wayfair during the third quarter worth about $291,000. Finally, GAMMA Investing LLC lifted its position in shares of Wayfair by 50.6% during the third quarter. GAMMA Investing LLC now owns 2,011 shares of the company's stock worth $180,000 after purchasing an additional 676 shares in the last quarter. Institutional investors and hedge funds own 89.67% of the company's stock.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.

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