Michael D. Fleisher Sells 4,420 Shares of Wayfair Inc (W) Stock

Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 4,420 shares of the firm’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $76.00, for a total value of $335,920.00. Following the completion of the sale, the chief financial officer now directly owns 71,049 shares of the company’s stock, valued at $5,399,724. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of W stock opened at $67.58 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of -8.60. The stock has a market capitalization of $6,390.60, a PE ratio of -23.96 and a beta of 1.25. Wayfair Inc has a 52-week low of $36.93 and a 52-week high of $100.14.

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Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.04). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.36 billion. Wayfair had a negative return on equity of 31,507.11% and a negative net margin of 5.18%. The firm’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.34) earnings per share. analysts predict that Wayfair Inc will post -3.69 earnings per share for the current fiscal year.

A number of analysts have issued reports on W shares. Wedbush reaffirmed an “outperform” rating on shares of Wayfair in a research note on Wednesday, December 27th. Moffett Nathanson started coverage on Wayfair in a research note on Monday, December 4th. They issued a “buy” rating for the company. Bank of America downgraded Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a research note on Wednesday, January 3rd. MKM Partners set a $107.00 target price on Wayfair and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Credit Suisse Group set a $76.00 target price on Wayfair and gave the stock a “hold” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $85.90.

Large investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Wayfair by 52.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock valued at $145,000 after acquiring an additional 624 shares in the last quarter. Advisors Asset Management Inc. grew its position in Wayfair by 1,512.5% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock valued at $157,000 after acquiring an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Wayfair by 78.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock valued at $193,000 after acquiring an additional 1,056 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in Wayfair in the 4th quarter valued at about $215,000. Finally, MANA Advisors LLC acquired a new position in Wayfair in the 4th quarter valued at about $219,000. 70.84% of the stock is owned by hedge funds and other institutional investors.

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Wayfair Company Profile

Wayfair Inc (Wayfair) offers browsing, merchandising and product discovery for a range of products from various suppliers. The Company operates through two segments: U.S. and International. The U.S. segment consists of amounts earned through product sales through the Company’s five sites in the United States and through sites operated by third parties in the United States.

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