Wayfair Inc. (NYSE:W) – Investment analysts at Truist Financial released their fourth quarter 2022 EPS estimates for Wayfair in a research note to investors on Tuesday, February 15. Truist Financial analyst N. Khan expects the company to post earnings per share of ($0.14) for the quarter. Truist Financial also released Wayfair’s fiscal 2026 earnings estimates at $9.39 EPS.
Several other stock analysts have also recently weighed in on the company. DA Davidson lowered its target price on Wayfair from $415.00 to $360.00 and set a “buy” rating on the stock in a research report on Friday, November 5. Morgan Stanley raised its target price on Wayfair from $195.00 to $200.00 and gave the company an “underweight” rating in a Monday, Nov. 8 research report. Wells Fargo & Company cut its price target on Wayfair from $250.00 to $195.00 in a Wednesday, January 5 report. Royal Bank of Canada assumed coverage for Wayfair in a Thursday, Jan. 27, report. They set an “industry performance” rating and a price target of $158.00 on the stock. Finally, Jefferies Financial Group lowered its price target on Wayfair from $247.00 to $149.00 and set a “hold” rating on the stock in a report on Monday. Five equity research analysts gave the stock a sell rating, nine gave the company a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, Wayfair currently has a consensus rating of “Hold” and an average price target of $269.39.
W-stock opened at $148.39 on Wednesday. The company has a market capitalization of $15.51 billion, a P/E ratio of 190.25 and a beta of 2.84. Wayfair has a 1-year minimum of $129.50 and a 1-year maximum of $355.96. The stock’s fifty-day moving average price is $174.23 and its 200-day moving average price is $231.82.
Several hedge funds and other institutional investors have recently increased or reduced their holdings in W. Ibex Investors LLC acquired a new position in shares of Wayfair in Q2 worth $1,515,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Wayfair shares by 19.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 13,560 shares of the company valued at $4,281,000 after acquiring 2,225 additional shares during the period. Toroso Investments LLC acquired a new position in shares of Wayfair in Q2 worth $289,000. Northern Trust Corp increased its stake in Wayfair by 1.7% in the second quarter. Northern Trust Corp now owns 555,909 shares of the company valued at $175,506,000 after buying an additional 9,172 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Wayfair by 136.6% in the second quarter. Renaissance Technologies LLC now owns 303,500 shares of the company valued at $95,818,000 after purchasing an additional 175,200 shares in the last quarter. 85.66% of the shares are currently held by hedge funds and other institutional investors.
In other news, Insider Steven Conine sold 40,927 shares of the company in a trade on Wednesday, December 1. The stock was sold at an average price of $254.85, for a total trade of $10,430,245.95. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Also, COO Thomas Netzer sold 1,870 shares of the company in a trade on Wednesday, February 2. The stock was sold at an average price of $156.68, for a total value of $292,991.60. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 99,013 shares of the company valued at $23,753,315. 27.53% of the shares are held by insiders of the company.
Wayfair Company Profile
Wayfair, Inc is committed to an online home furnishings store. It operates through the US and International segments. The US segment includes amounts earned from product sales through the Company’s five distinct locations in the United States and through websites operated by third parties in the United States. The international segment includes revenue from product sales on international sites.
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