Mayflower Financial Advisors LLC Cuts Position in Wayfair Inc. $W

Mayflower Financial Advisors LLC decreased its stake in Wayfair Inc. (NYSE:W) by 89.3% in the 1st quarter, Holdings Channel reports. The firm owned 17,378 shares of the company’s stock after selling 145,291 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Wayfair were worth $1,307,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in W. Arrowstreet Capital Limited Partnership increased its holdings in Wayfair by 826.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,817,056 shares of the company’s stock valued at $251,648,000 after buying an additional 2,512,854 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Wayfair in the 3rd quarter worth approximately $108,125,000. Norges Bank purchased a new position in Wayfair in the 4th quarter valued at approximately $117,973,000. AQR Capital Management LLC increased its stake in Wayfair by 197.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,557,937 shares of the company’s stock valued at $79,673,000 after purchasing an additional 1,033,865 shares in the last quarter. Finally, Holocene Advisors LP raised its holdings in Wayfair by 351.9% during the second quarter. Holocene Advisors LP now owns 1,294,057 shares of the company’s stock worth $66,178,000 after purchasing an additional 1,007,676 shares during the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Wayfair Stock Performance

Wayfair stock opened at $95.43 on Tuesday. The stock has a fifty day moving average of $73.82 and a two-hundred day moving average of $84.43. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of -40.78, a PEG ratio of 4.97 and a beta of 3.02. Wayfair Inc. has a fifty-two week low of $50.41 and a fifty-two week high of $119.98.

Wayfair (NYSE:W) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates 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 during 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 business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts forecast that Wayfair Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Canaccord Genuity Group decreased their target price on Wayfair from $125.00 to $115.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Truist Financial set a $99.00 price target on Wayfair in a research note on Monday, June 8th. TD Cowen decreased their price objective on shares of Wayfair from $88.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group set a $79.00 price objective on shares of Wayfair in a research note on Friday, May 1st. Finally, Guggenheim restated a “buy” rating and set a $100.00 target price on shares of Wayfair in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Wayfair currently has a consensus rating of “Moderate Buy” and an average price target of $99.68.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair is getting fresh attention from multiple shopping articles highlighting steep discounts on patio sets, sleeper sofas, ovens, and other home goods, which points to active demand and could help support sales momentum. Wayfair’s ‘most comfortable’ patio furniture is on major sale this summer—shop 12 top-rated sets up to 70% off
• Positive Sentiment: Several articles featuring popular Wayfair items, such as hummingbird feeders and storage furniture, reinforce that the retailer is still driving consumer interest across categories. Discover Wayfair’s $27 Hummingbird Feeder That Bird-Watchers Love
• Neutral Sentiment: A Seeking Alpha piece titled “Wayfair: A Better Business, But Not A Better Buy” suggests the company’s underlying business has improved, but the stock may already reflect much of that progress. Wayfair: A Better Business, But Not A Better Buy
• Neutral Sentiment: Independent research updates and earnings forecast notes do not appear to bring a major new catalyst, but they keep attention on Wayfair’s future profitability expectations. Zacks Research Predicts Wayfair’s FY2028 Earnings (NYSE:W)

Insider Buying and Selling

In related news, insider Jon Blotner sold 4,790 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total value of $345,790.10. Following the completion of the transaction, the insider owned 111,158 shares of the company’s stock, valued at approximately $8,024,496.02. The trade was a 4.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 7,139 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $78.55, for a total transaction of $560,768.45. Following the completion of the transaction, the director owned 429,073 shares in the company, valued at approximately $33,703,684.15. This trade represents a 1.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 244,790 shares of company stock worth $18,959,021. 18.44% of the stock is owned by corporate insiders.

About Wayfair

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.