Wayfair Inc (W) Director Sells $10,816.25 in Stock

Wayfair Inc (NYSE:W) Director Romero Rodrigues sold 125 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $86.53, for a total transaction of $10,816.25. Following the completion of the transaction, the director now directly owns 10,495 shares in the company, valued at $908,132.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Wayfair Inc (W) traded up $2.28 during mid-day trading on Friday, reaching $87.84. 988,485 shares of the company’s stock were exchanged, compared to its average volume of 1,088,200. The company has a debt-to-equity ratio of 135.98, a current ratio of 1.19 and a quick ratio of 1.17. Wayfair Inc has a one year low of $35.36 and a one year high of $88.61. The company has a market capitalization of $7,514.73, a PE ratio of -35.14 and a beta of 0.96.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 2nd. The company reported ($0.65) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.03. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company earned ($0.54) earnings per share. The firm’s revenue was up 39.1% on a year-over-year basis. equities analysts forecast that Wayfair Inc will post -2.78 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the stock. Credit Suisse Group decreased their price objective on shares of Wayfair from $78.00 to $69.00 and set a “neutral” rating for the company in a report on Friday, November 3rd. Cowen reiterated a “buy” rating and issued a $72.00 price objective (down from $82.00) on shares of Wayfair in a report on Wednesday, November 1st. Robert W. Baird reiterated a “hold” rating and issued a $73.00 price objective on shares of Wayfair in a report on Thursday, September 28th. Wedbush decreased their price objective on shares of Wayfair from $82.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, November 3rd. Finally, Citigroup decreased their price objective on shares of Wayfair from $80.00 to $66.00 and set a “buy” rating for the company in a report on Friday, November 3rd. Twelve analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $77.64.

A number of large investors have recently bought and sold shares of W. BNP Paribas Arbitrage SA increased its holdings in shares of Wayfair by 96.2% in the second quarter. BNP Paribas Arbitrage SA now owns 1,360 shares of the company’s stock valued at $105,000 after purchasing an additional 667 shares in the last quarter. Delta Asset Management LLC TN increased its holdings in shares of Wayfair by 375.0% in the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock valued at $128,000 after purchasing an additional 1,500 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Wayfair by 1,512.5% in the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after purchasing an additional 2,178 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Wayfair in the fourth quarter valued at approximately $224,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Wayfair in the second quarter valued at approximately $249,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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