Montag A & Associates Inc. Purchases Shares of 35,660 Wayfair Inc. $W

Montag A & Associates Inc. purchased a new position in Wayfair Inc. (NYSE:W) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,660 shares of the company’s stock, valued at approximately $2,682,000.

Several other institutional investors have also recently made changes to their positions in the stock. Strs Ohio grew its stake in shares of Wayfair by 26.0% during the 1st quarter. Strs Ohio now owns 175,742 shares of the company’s stock valued at $13,218,000 after acquiring an additional 36,296 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in Wayfair by 206.2% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 7,458 shares of the company’s stock worth $561,000 after acquiring an additional 5,022 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Wayfair by 234.4% during the first quarter. Janney Montgomery Scott LLC now owns 8,129 shares of the company’s stock valued at $611,000 after purchasing an additional 5,698 shares in the last quarter. Adams Diversified Equity Fund Inc. purchased a new position in Wayfair during the first quarter valued at approximately $8,777,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Wayfair by 12.2% in the first quarter. Pictet Asset Management Holding SA now owns 16,528 shares of the company’s stock worth $1,243,000 after purchasing an additional 1,802 shares during the period. 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: Wayfair is getting fresh promotional coverage around outdoor and home-decor deals, which may help reinforce consumer demand heading into the key summer selling season. Article Title
• Positive Sentiment: A local report that Wayfair plans to open a large-format store near Princeton suggests the company is still investing in omnichannel growth, which could expand brand reach and customer traffic. Article Title
• Positive Sentiment: Analyst commentary remained supportive overall, with Zacks Research keeping a Strong-Buy rating even after slightly lowering earnings estimates for 2028, which indicates the longer-term thesis is still intact despite modest forecast trimming. Article Title
• Neutral Sentiment: Additional shopping-deal articles featuring discounted patio sets, sheds, and decor are likely drawing traffic to Wayfair’s platform, but they are promotional in nature and do not materially change fundamentals on their own. Article Title
• Neutral Sentiment: An insider sale by Jon Blotner was disclosed, but it was executed under a pre-arranged 10b5-1 plan and was tied to tax withholding on equity awards, so it looks more routine than alarming. Article Title
• Negative Sentiment: Zacks Research nudged down its near- and long-term EPS estimates, adding a bit of pressure to the stock as investors continue to focus on profitability and earnings durability. Article Title
• Negative Sentiment: The insider sale can still weigh on sentiment even if it was pre-planned, since investors often view executive selling as a cautious signal when the shares have already run up. Article Title

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on W. Robert W. Baird set a $76.00 price objective on shares of Wayfair in a research note on Monday, May 4th. Weiss Ratings raised shares of Wayfair from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 17th. Wells Fargo & Company cut their price target on Wayfair from $125.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Benchmark initiated coverage on Wayfair in a report on Tuesday. They set a “hold” rating on the stock. Finally, UBS Group lowered their price objective on Wayfair from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $99.68.

Wayfair Trading Down 6.8%

Shares of NYSE:W opened at $86.92 on Thursday. The company has a market cap of $11.47 billion, a price-to-earnings ratio of -37.15, a PEG ratio of 4.90 and a beta of 2.96. Wayfair Inc. has a 12 month low of $53.13 and a 12 month high of $119.98. The company has a 50-day moving average price of $75.71 and a 200 day moving average price of $84.14.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts forecast that Wayfair Inc. will post 0.63 EPS for the current year.

Insider Transactions at Wayfair

In related news, insider Jon Blotner sold 5,925 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $96.29, for a total value of $570,518.25. Following the completion of the sale, the insider directly owned 117,344 shares in the company, valued at $11,299,053.76. This trade represents a 4.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, Director Steven Conine sold 112,861 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $77.50, for a total value of $8,746,727.50. Following the completion of the sale, the director owned 436,212 shares of the company’s stock, valued at approximately $33,806,430. This represents a 20.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 245,925 shares of company stock worth $19,183,749. 18.44% of the stock is currently owned by company insiders.

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.