Weiss Ratings Reiterates Sell (D-) Rating for Wayfair (NYSE:W)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Wayfair (NYSE:W), indicating ongoing concerns about the company's performance.
• Despite the negative outlook from Weiss Ratings, several analysts have raised their price targets for Wayfair, with a consensus rating of "Moderate Buy" and an average target price of $76.88.
• Wayfair's CEO recently sold 85,000 shares at an average price of $82.85, marking a 22.72% decrease in their position, highlighting potential insider skepticism.

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

A number of other research analysts also recently issued reports on W. Zacks Research downgraded shares of Wayfair from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Stifel Nicolaus boosted their price objective on Wayfair from $68.00 to $80.00 and gave the company a "hold" rating in a report on Friday. Zelman & Associates raised their target price on Wayfair from $85.00 to $96.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Wells Fargo & Company boosted their price target on Wayfair from $84.00 to $90.00 and gave the company an "overweight" rating in a report on Wednesday, October 15th. Finally, Needham & Company LLC raised their price objective on shares of Wayfair from $40.00 to $83.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Wayfair has a consensus rating of "Moderate Buy" and an average target price of $76.88.

Wayfair Stock Up 2.7%

Shares of Wayfair stock traded up $2.24 on Friday, reaching $85.36. 1,455,416 shares of the stock were exchanged, compared to its average volume of 4,763,084. The business has a 50 day moving average price of $82.39 and a two-hundred day moving average price of $58.97. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of -35.82 and a beta of 3.03. Wayfair has a twelve month low of $20.41 and a twelve month high of $91.77.

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

Insider Activity at Wayfair

In other Wayfair news, CEO Niraj Shah sold 85,000 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $82.85, for a total transaction of $7,042,250.00. Following the sale, the chief executive officer directly owned 289,137 shares in the company, valued at $23,955,000.45. This represents a 22.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Steven Conine sold 85,000 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $82.85, for a total transaction of $7,042,250.00. Following the completion of the transaction, the insider directly owned 289,073 shares of the company's stock, valued at $23,949,698.05. This represents a 22.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 960,000 shares of company stock worth $77,669,837. 21.91% of the stock is owned by insiders.

Institutional Investors Weigh In On Wayfair

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in shares of Wayfair by 85.8% in the 1st quarter. GAMMA Investing LLC now owns 1,319 shares of the company's stock valued at $42,000 after buying an additional 609 shares during the period. Ameritas Advisory Services LLC lifted its stake in Wayfair by 304.3% in the first quarter. Ameritas Advisory Services LLC now owns 20,916 shares of the company's stock worth $672,000 after acquiring an additional 15,742 shares during the last quarter. Vontobel Holding Ltd. increased its position in shares of Wayfair by 182.7% in the 1st quarter. Vontobel Holding Ltd. now owns 33,717 shares of the company's stock valued at $1,080,000 after purchasing an additional 21,790 shares during the last quarter. Summit Trail Advisors LLC acquired a new stake in shares of Wayfair in the 1st quarter valued at $320,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Wayfair during the 1st quarter worth $443,000. Hedge funds and other institutional investors own 89.67% of the company's stock.

About Wayfair

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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