Wayfair - W Stock Forecast, Price & News

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Wayfair Stock Performance

W Stock opened at $68.62 on Friday. The company's fifty day moving average price is $53.51 and its 200-day moving average price is $87.35. Wayfair has a one year low of $43.31 and a one year high of $317.45. The company has a market capitalization of $7.22 billion, a PE ratio of -7.38 and a beta of 2.91.

Wayfair (NYSE:W - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($1.94) EPS for the quarter, missing analysts' consensus estimates of ($1.89) by ($0.05). The firm had revenue of $3.28 billion for the quarter, compared to analysts' expectations of $3.19 billion. During the same quarter in the previous year, the firm posted $1.23 EPS. The company's revenue was down 14.9% on a year-over-year basis. On average, research analysts predict that Wayfair will post -12.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on W. Loop Capital dropped their target price on Wayfair from $90.00 to $70.00 in a report on Friday, May 6th. BNP Paribas lowered Wayfair from an "outperform" rating to a "neutral" rating and set a $52.00 price target for the company. in a research note on Tuesday, June 21st. Stifel Nicolaus lowered their target price on Wayfair from $60.00 to $55.00 in a research note on Friday, July 15th. Gordon Haskett downgraded Wayfair from a "hold" rating to a "reduce" rating and set a $60.00 target price on the stock. in a report on Thursday, May 5th. Finally, Credit Suisse Group cut their price target on Wayfair from $195.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, August 5th. Ten analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Wayfair has a consensus rating of "Hold" and an average price target of $96.38.

Insider Activity at Wayfair

In other Wayfair news, CFO Michael D. Fleisher sold 5,874 shares of the firm's stock in a transaction on Monday, July 18th. The stock was sold at an average price of $53.99, for a total value of $317,137.26. Following the transaction, the chief financial officer now owns 66,664 shares in the company, valued at approximately $3,599,189.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Michael D. Fleisher sold 5,874 shares of the business's stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $53.99, for a total transaction of $317,137.26. Following the completion of the transaction, the chief financial officer now directly owns 66,664 shares of the company's stock, valued at $3,599,189.36. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael W. Choe acquired 35,000 shares of Wayfair stock in a transaction on Thursday, May 19th. The stock was purchased at an average price of $49.86 per share, with a total value of $1,745,100.00. Following the purchase, the director now owns 150,160 shares of the company's stock, valued at approximately $7,486,977.60. The disclosure for this purchase can be found here. Insiders sold 20,251 shares of company stock valued at $994,669 in the last three months. 27.04% of the stock is owned by insiders.