Piper Jaffray Companies reaffirmed their overweight rating on shares of Wayfair (NYSE:W) in a report released on Friday morning, The Fly reports.
Several other research firms also recently issued reports on W. Wedbush reaffirmed an outperform rating on shares of Wayfair in a report on Wednesday, December 27th. Moffett Nathanson began coverage on Wayfair in a research note on Monday, December 4th. They issued a buy rating on the stock. Bank of America downgraded Wayfair from a buy rating to a neutral rating and set a $88.00 price target on the stock. in a research note on Wednesday, January 3rd. MKM Partners set a $107.00 price target on Wayfair and gave the company a buy rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus reissued a hold rating and issued a $90.00 price target on shares of Wayfair in a research note on Thursday. Fourteen research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Wayfair presently has an average rating of Hold and an average target price of $83.80.
Wayfair (NYSE W) traded up $1.30 during trading hours on Friday, reaching $75.25. The company’s stock had a trading volume of 11,333,048 shares, compared to its average volume of 1,814,731. Wayfair has a 12-month low of $35.36 and a 12-month high of $100.14. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19.
Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.04). Wayfair had a negative return on equity of 1,424.62% and a negative net margin of 5.18%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the company posted ($0.34) EPS. The firm’s quarterly revenue was up 46.2% compared to the same quarter last year. analysts expect that Wayfair will post -2.29 earnings per share for the current year.
In related news, insider John Champlin Mulliken sold 700 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $67.99, for a total transaction of $47,593.00. Following the sale, the insider now owns 184,595 shares of the company’s stock, valued at approximately $12,550,614.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael D. Fleisher sold 515 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $75.69, for a total value of $38,980.35. Following the transaction, the chief financial officer now owns 56,765 shares of the company’s stock, valued at approximately $4,296,542.85. The disclosure for this sale can be found here. Insiders have sold a total of 82,951 shares of company stock worth $7,312,515 in the last ninety days. 56.93% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in W. Ameriprise Financial Inc. increased its holdings in Wayfair by 13.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 46,171 shares of the company’s stock worth $3,550,000 after purchasing an additional 5,409 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in Wayfair during the 2nd quarter worth about $3,711,000. California State Teachers Retirement System increased its holdings in Wayfair by 10.0% during the 2nd quarter. California State Teachers Retirement System now owns 68,366 shares of the company’s stock worth $5,256,000 after purchasing an additional 6,224 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Wayfair during the 2nd quarter worth about $277,000. Finally, First Trust Advisors LP increased its holdings in Wayfair by 63.8% during the 3rd quarter. First Trust Advisors LP now owns 171,426 shares of the company’s stock worth $11,554,000 after purchasing an additional 66,797 shares in the last quarter. Hedge funds and other institutional investors own 71.30% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Wayfair’s (W) “Overweight” Rating Reaffirmed at Piper Jaffray Companies” was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://transcriptdaily.com/2018/02/24/wayfairs-w-overweight-rating-reaffirmed-at-piper-jaffray-companies.html.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.
Receive News & Ratings for Wayfair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wayfair and related companies with MarketBeat.com's FREE daily email newsletter.