Wayfair (W) to Release Earnings on Thursday

Wayfair (NYSE:W) is expected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Wayfair to post earnings of $0.05 per share and revenue of $3.07 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Wayfair Stock Performance

Wayfair stock opened at $49.10 on Wednesday. The stock’s fifty day moving average is $46.85 and its two-hundred day moving average is $46.50. Wayfair has a 1-year low of $37.35 and a 1-year high of $76.18.

Insider Transactions at Wayfair

In related news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $53.14, for a total transaction of $1,594,200.00. Following the completion of the transaction, the insider now directly owns 632,573 shares in the company, valued at $33,614,929.22. The trade was a 4.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Fiona Tan sold 8,249 shares of Wayfair stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $44.91, for a total value of $370,462.59. Following the transaction, the chief technology officer now owns 96,557 shares of the company’s stock, valued at $4,336,374.87. This represents a 7.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,228 shares of company stock valued at $6,440,118 in the last quarter. 23.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on W. Needham & Company LLC reiterated a “buy” rating and set a $60.00 target price on shares of Wayfair in a research report on Friday, November 1st. Royal Bank of Canada cut their target price on Wayfair from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Monday, November 4th. BMO Capital Markets cut their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. UBS Group cut their target price on Wayfair from $70.00 to $65.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Finally, StockNews.com upgraded Wayfair from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Wayfair has an average rating of “Moderate Buy” and an average target price of $60.24.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.