Wayfair (NYSE:W) Given New $140.00 Price Target at Deutsche Bank Aktiengesellschaft

Wayfair (NYSE:W) had its target price upped by analysts at Deutsche Bank Aktiengesellschaft from $120.00 to $140.00 in a research note issued on Thursday. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s price target points to a potential upside of 22.34% from the stock’s current price.

Several other brokerages also recently commented on W. Piper Sandler increased their price objective on Wayfair from $133.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 20th. Wells Fargo & Company upped their price target on Wayfair from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday. Rosenblatt Securities began coverage on Wayfair in a report on Thursday, August 20th. They set a “buy” rating and a $125.00 price target for the company. Morgan Stanley reissued an “overweight” rating and issued a $145.00 price target (up from $110.00) on shares of Wayfair in a research report on Wednesday, August 5th. Finally, BNP Paribas Exane raised their price objective on Wayfair from $108.00 to $134.00 and gave the company a “neutral” rating in a research note on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.57.

Wayfair Stock Performance

Shares of NYSE:W traded up $1.06 during midday trading on Thursday, reaching $114.44. The company’s stock had a trading volume of 78,113 shares, compared to its average volume of 3,364,848. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of -91.55, a PEG ratio of 4.26 and a beta of 3.10. The firm has a 50 day moving average price of $105.74 and a two-hundred day moving average price of $89.17. Wayfair has a fifty-two week low of $55.60 and a fifty-two week high of $127.99.

Wayfair (NYSE:W) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Wayfair had a negative net margin of 1.21% and a negative return on equity of 5.14%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 EPS. As a group, research analysts anticipate that Wayfair will post 0.97 earnings per share for the current year.

Insider Activity

In other Wayfair news, insider Jon Blotner sold 500 shares of the firm’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the insider directly owned 115,385 shares of the company’s stock, valued at $13,846,200. This trade represents a 0.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 117,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the transaction, the director owned 105,073 shares in the company, valued at $11,689,371.25. This represents a 52.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 677,070 shares of company stock valued at $72,236,934. Corporate insiders own 18.44% of the company’s stock.

Hedge Funds Weigh In On Wayfair

A number of large investors have recently added to or reduced their stakes in W. Janus Henderson Group PLC boosted its holdings in Wayfair by 8.3% during the 1st quarter. Janus Henderson Group PLC now owns 3,866,708 shares of the company’s stock valued at $290,813,000 after acquiring an additional 296,233 shares during the period. Atreides Management LP grew its position in Wayfair by 64.3% during the 1st quarter. Atreides Management LP now owns 1,430,997 shares of the company’s stock worth $107,625,000 after acquiring an additional 560,133 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Wayfair by 46.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,036,531 shares of the company’s stock worth $77,923,000 after purchasing an additional 328,358 shares during the period. Assenagon Asset Management S.A. increased its stake in Wayfair by 42.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 818,591 shares of the company’s stock worth $75,654,000 after purchasing an additional 242,791 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Wayfair by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 310,825 shares of the company’s stock worth $23,377,000 after purchasing an additional 5,586 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair News Roundup

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Analysts raised targets and ratings. RBC lifted its target to $128 while maintaining Sector Perform; BNP Paribas Exane raised its target to $134 with a Neutral rating. Needham raised its target to $145 and kept Buy, Wells Fargo raised its target to $140 and kept Overweight, and Gordon Haskett upgraded Wayfair to Buy with a $160 target. Read More., Read More., Read More., Read More., Read More.
• Positive Sentiment: Q3 results and U.S. growth were strong. Wayfair reported $0.93 in EPS and $3.42 billion in revenue, ahead of estimates; revenue rose 9.7% year over year. U.S. sales growth and market-share gains, alongside improved advertising-cost leverage, supported the results. Read More.
• Neutral Sentiment: Management sees continued growth, with execution still important. Wayfair forecast high-single-digit Q4 growth and a 6%–7% adjusted EBITDA margin, while highlighting loyalty programs, AI initiatives and store expansion. Read More.
• Negative Sentiment: Holiday marketing costs could weigh on margins. The Q4 outlook calls for heavier holiday advertising, which may limit the benefit of sales growth. The stock has also had a substantial recent run, potentially leaving it more sensitive to profit-taking or expectations. Read More.

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.