Wayfair (NYSE:W) Reaches New 52-Week Low at $165.70

Shares of Wayfair Inc. (NYSE:W) reached a new 52-week low on Friday . The company traded as low as $165.70 and last traded at $165.86, with a volume of 20904 shares. The stock had previously closed at $170.17.

A number of analysts have weighed in on the stock. Barclays cut their price objective on shares of Wayfair from $337.00 to $301.00 and set an “equal weight” rating on the stock in a report on Monday, November 8th. Wells Fargo & Company cut their target price on shares of Wayfair from $250.00 to $195.00 in a report on Wednesday, January 5th. Bank of America cut shares of Wayfair from a “neutral” rating to an “underperform” rating and cut their target price for the company from $265.00 to $175.00 in a report on Thursday, December 16th. Credit Suisse Group dropped their price objective on shares of Wayfair from $380.00 to $321.00 and set an “outperform” rating on the stock in a research note on Monday, November 1st. Finally, Morgan Stanley boosted their price objective on shares of Wayfair from $195.00 to $200.00 and gave the company an “underweight” rating in a research note on Monday, November 8th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $286.62.

The stock has a market cap of $17.16 billion, a PE ratio of 218.17 and a beta of 2.84. The stock has a fifty day simple moving average of $221.96 and a two-hundred day simple moving average of $255.31.

Wayfair (NYSE:W) last released its earnings results on Thursday, November 4th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.13. The company had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.24 billion. Wayfair had a negative return on equity of 10.52% and a net margin of 0.67%. The business’s revenue was down 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.80 EPS. On average, equities analysts predict that Wayfair Inc. will post -0.83 EPS for the current fiscal year.

In other news, CFO Michael D. Fleisher sold 6,172 shares of the firm’s stock in a transaction on Monday, October 18th. The stock was sold at an average price of $236.95, for a total transaction of $1,462,455.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Niraj Shah sold 40,863 shares of Wayfair stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $254.83, for a total value of $10,413,118.29. The disclosure for this sale can be found here. Insiders have sold 104,600 shares of company stock worth $26,214,144 over the last 90 days. 27.53% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS boosted its position in shares of Wayfair by 6.8% in the 4th quarter. DNB Asset Management AS now owns 10,846 shares of the company’s stock valued at $2,060,000 after purchasing an additional 688 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Wayfair by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 260,118 shares of the company’s stock valued at $66,462,000 after acquiring an additional 4,164 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its position in Wayfair by 900.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 20,000 shares of the company’s stock worth $5,110,000 after buying an additional 18,000 shares during the period. Cetera Investment Advisers increased its position in Wayfair by 3.7% in the 3rd quarter. Cetera Investment Advisers now owns 1,256 shares of the company’s stock worth $321,000 after buying an additional 45 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of Wayfair by 9.0% during the 3rd quarter. Janus Henderson Group PLC now owns 1,979,071 shares of the company’s stock worth $505,672,000 after purchasing an additional 163,178 shares in the last quarter. Institutional investors and hedge funds own 85.66% of the company’s stock.

Wayfair Company Profile (NYSE:W)

Wayfair, Inc engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the Company’s five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through products sales in international sites.

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