Stifel Nicolaus Cuts Wayfair (NYSE:W) Price Target to $47.00

Wayfair (NYSE:W) had its price objective reduced by Stifel Nicolaus from $55.00 to $47.00 in a report issued on Monday,Benzinga reports. They currently have a hold rating on the stock.

W has been the subject of a number of other research reports. StockNews.com raised shares of Wayfair from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Royal Bank of Canada lowered their price objective on Wayfair from $65.00 to $53.00 and set a “sector perform” rating for the company in a research note on Friday, August 2nd. Loop Capital increased their target price on Wayfair from $45.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, September 26th. Bank of America lowered Wayfair from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $85.00 to $58.00 in a research report on Thursday, August 1st. Finally, Raymond James cut their price objective on shares of Wayfair from $70.00 to $65.00 and set a “strong-buy” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.28.

Wayfair Trading Down 1.6 %

Shares of NYSE W opened at $39.78 on Monday. Wayfair has a 1 year low of $37.60 and a 1 year high of $76.18. The company’s 50-day moving average is $48.57 and its 200 day moving average is $52.03.

Wayfair (NYSE:W) last posted its earnings results on Friday, November 1st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.09. The firm had revenue of $2.88 billion for the quarter, compared to analysts’ expectations of $2.87 billion. The firm’s revenue was down 2.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.38) EPS. On average, research analysts anticipate that Wayfair will post -2.68 EPS for the current fiscal year.

Insider Activity

In other news, COO Thomas Netzer sold 1,011 shares of Wayfair stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now owns 151,802 shares in the company, valued at $7,502,054.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Kate Gulliver sold 7,330 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $53.05, for a total value of $388,856.50. Following the completion of the sale, the chief financial officer now directly owns 117,947 shares of the company’s stock, valued at approximately $6,257,088.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Netzer sold 1,011 shares of Wayfair stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $49.42, for a total transaction of $49,963.62. Following the transaction, the chief operating officer now directly owns 151,802 shares in the company, valued at $7,502,054.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 37,868 shares of company stock valued at $2,003,248 in the last quarter. 26.81% of the stock is currently owned by insiders.

Institutional Trading of Wayfair

Several institutional investors and hedge funds have recently modified their holdings of W. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Wayfair by 250.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock worth $11,347,000 after purchasing an additional 119,415 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Wayfair by 118.1% during the first quarter. Daiwa Securities Group Inc. now owns 16,822 shares of the company’s stock worth $1,141,000 after acquiring an additional 9,108 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in Wayfair by 39.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,676 shares of the company’s stock valued at $114,000 after acquiring an additional 471 shares in the last quarter. Signaturefd LLC increased its holdings in Wayfair by 1.3% in the 1st quarter. Signaturefd LLC now owns 206,489 shares of the company’s stock valued at $14,016,000 after acquiring an additional 2,714 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in Wayfair in the 1st quarter worth $37,000. 89.67% of the stock is currently owned by institutional investors.

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.