Wayfair (NYSE:W) Research Coverage Started at Rosenblatt Securities

Rosenblatt Securities assumed coverage on shares of Wayfair (NYSE:W) in a research report released on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $125.00 price target on the stock.

W has been the subject of a number of other reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Wayfair in a report on Wednesday, August 5th. Wells Fargo & Company upped their target price on shares of Wayfair from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Sanford C. Bernstein raised shares of Wayfair from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $100.00 to $125.00 in a research report on Friday, August 14th. Truist Financial lifted their price objective on Wayfair from $99.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Needham & Company LLC lifted their price objective on Wayfair from $83.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $119.89.

Wayfair Trading Down 1.9%

W opened at $101.38 on Thursday. The stock has a market cap of $13.38 billion, a PE ratio of -41.21, a P/E/G ratio of 4.50 and a beta of 2.99. Wayfair has a 1 year low of $55.60 and a 1 year high of $119.98. The stock’s 50 day simple moving average is $93.61 and its 200-day simple moving average is $81.55.

Wayfair (NYSE:W) last issued its earnings results on Tuesday, August 4th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.47 billion. Wayfair had a negative return on equity of 3.40% and a negative net margin of 2.49%.Wayfair’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.87 earnings per share. Equities analysts forecast that Wayfair will post 0.75 earnings per share for the current fiscal year.

Insider Transactions at Wayfair

In other Wayfair news, CEO Niraj Shah sold 69,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $103.36, for a total value of $7,131,840.00. Following the transaction, the chief executive officer directly owned 360,137 shares in the company, valued at $37,223,760.32. The trade was a 16.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 5,925 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $96.29, for a total transaction of $570,518.25. Following the completion of the transaction, the insider owned 117,344 shares in the company, valued at approximately $11,299,053.76. This trade represents a 4.81% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 143,925 shares of company stock valued at $14,834,198. 18.44% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of W. Piper Sandler & CO. bought a new stake in Wayfair during the 4th quarter worth approximately $34,000. Havemeyer Place LP bought a new position in Wayfair in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC raised its position in Wayfair by 393.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after purchasing an additional 653 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Wayfair in the fourth quarter worth $44,000. Finally, Larson Financial Group LLC boosted its stake in Wayfair by 30.0% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $46,000 after purchasing an additional 120 shares in the last quarter. Institutional investors own 89.67% of the company’s stock.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Rosenblatt Securities upgraded Wayfair to “strong-buy,” strengthening the bullish analyst view of the company. Ticker Report coverage of Rosenblatt upgrade
• Positive Sentiment: Rosenblatt initiated coverage with a “buy” rating and a $125 price target, implying roughly 23% upside from the cited share price. Analysts also described Wayfair as a potential beneficiary of artificial-intelligence trends, which could support improved customer discovery, personalization and operating efficiency. Benzinga coverage of Wayfair analyst initiation MSN report on Wayfair as an AI beneficiary
• Positive Sentiment: Wayfair continues to receive prominent shopping and merchandising coverage, including product promotions, seasonal patio discounts and entertainment-related merchandise. This may increase consumer visibility and support near-term traffic, though it does not provide a material change to financial guidance. The Hollywood Reporter merchandise coverage
• Neutral Sentiment: Wayfair announced that its Dublin, Ohio, outlet will open on a scheduled date, expanding its physical liquidation and customer-reach strategy. The financial impact is unclear. Columbus Business Journal outlet report
• Negative Sentiment: A lawsuit alleges that Wayfair passed over an employee despite a top performance rating. The allegations could create legal costs or reputational concerns, although no outcome or financial liability was provided. HRCA Magazine lawsuit report

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.