Janus Henderson Group PLC Acquires 296,233 Shares of Wayfair Inc. $W

Janus Henderson Group PLC lifted its holdings in shares of Wayfair Inc. (NYSE:W) by 8.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,866,708 shares of the company’s stock after purchasing an additional 296,233 shares during the quarter. Janus Henderson Group PLC’s holdings in Wayfair were worth $290,813,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Optas LLC raised its stake in Wayfair by 2.1% in the fourth quarter. Optas LLC now owns 5,057 shares of the company’s stock valued at $508,000 after purchasing an additional 106 shares in the last quarter. Larson Financial Group LLC grew its stake in Wayfair by 30.0% in the 3rd quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $46,000 after buying an additional 120 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Wayfair by 2.3% in the 4th quarter. State of Alaska Department of Revenue now owns 5,418 shares of the company’s stock worth $544,000 after buying an additional 124 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Wayfair by 4.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 3,435 shares of the company’s stock worth $345,000 after buying an additional 155 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Wayfair by 12.8% in the 4th quarter. Parallel Advisors LLC now owns 1,400 shares of the company’s stock worth $141,000 after buying an additional 159 shares during the last quarter. 89.67% of the stock is currently owned by institutional investors.

Insider Activity at Wayfair

In related news, insider Jon Blotner sold 5,925 shares of Wayfair stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $96.29, for a total value of $570,518.25. Following the transaction, the insider owned 117,344 shares in the company, valued at $11,299,053.76. This trade represents a 4.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 18.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on W shares. Mizuho lowered their price objective on shares of Wayfair from $110.00 to $90.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. Benchmark started coverage on shares of Wayfair in a research report on Tuesday, July 7th. They issued a “hold” rating for the company. TD Cowen reduced their target price on Wayfair from $88.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Morgan Stanley set a $110.00 price target on Wayfair in a research report on Friday, May 1st. Finally, UBS Group lifted their price target on Wayfair from $115.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $100.64.

Wayfair Price Performance

Shares of NYSE W opened at $90.02 on Friday. The stock has a market capitalization of $11.88 billion, a P/E ratio of -38.47, a PEG ratio of 4.93 and a beta of 2.96. Wayfair Inc. has a one year low of $55.60 and a one year high of $119.98. The firm’s 50 day simple moving average is $83.66 and its two-hundred day simple moving average is $82.36.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities analysts expect that Wayfair Inc. will post 0.6 earnings per share 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.