Wayfair Inc (NYSE:W) insider Edmond Macri sold 766 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $38.17, for a total value of $29,238.22. Following the sale, the insider now owns 1,000 shares of the company’s stock, valued at $38,170. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Edmond Macri also recently made the following trade(s):
Shares of Wayfair Inc (NYSE:W) traded down 0.69% on Monday, reaching $36.12. The company’s stock had a trading volume of 287,922 shares. The company’s 50 day moving average is $40.64 and its 200-day moving average is $38.13. The firm’s market cap is $3.10 billion. Wayfair Inc has a 1-year low of $27.60 and a 1-year high of $49.34.
Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, February 23rd. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.50) by $0.16. The company earned $985 million during the quarter, compared to analysts’ expectations of $971.20 million. Wayfair had a negative return on equity of 91.94% and a negative net margin of 5.29%. Wayfair’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) earnings per share. Equities research analysts expect that Wayfair Inc will post ($1.63) EPS for the current year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Wayfair from a “sell” rating to a “hold” rating in a research note on Saturday, December 17th. Canaccord Genuity reaffirmed a “buy” rating on shares of Wayfair in a research note on Tuesday, February 7th. Wedbush reaffirmed an “outperform” rating and set a $40.00 price target on shares of Wayfair in a research note on Wednesday, November 30th. Raymond James Financial, Inc. downgraded Wayfair from an “outperform” rating to a “market perform” rating in a research note on Friday, February 24th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies assumed coverage on Wayfair in a research note on Friday. They issued an “overweight” rating and a $51.00 price objective on the stock. Fifteen analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $45.49.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its position in Wayfair by 1.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,060 shares of the company’s stock valued at $493,000 after buying an additional 140 shares in the last quarter. Wedbush Securities Inc. boosted its position in Wayfair by 2.9% in the third quarter. Wedbush Securities Inc. now owns 10,672 shares of the company’s stock valued at $420,000 after buying an additional 300 shares in the last quarter. Brown Advisory Inc. boosted its position in Wayfair by 2.9% in the fourth quarter. Brown Advisory Inc. now owns 11,992 shares of the company’s stock valued at $420,000 after buying an additional 337 shares in the last quarter. Legal & General Group Plc boosted its position in Wayfair by 28.8% in the second quarter. Legal & General Group Plc now owns 3,810 shares of the company’s stock valued at $149,000 after buying an additional 853 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its position in Wayfair by 1.0% in the third quarter. BlackRock Investment Management LLC now owns 118,836 shares of the company’s stock valued at $4,679,000 after buying an additional 1,190 shares in the last quarter. 70.53% of the stock is owned by institutional investors.
Wayfair Company Profile
Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.