Stifel Nicolaus Issues Pessimistic Forecast for Wayfair (NYSE:W) Stock Price

Wayfair (NYSE:W) had its target price decreased by Stifel Nicolaus from $47.00 to $46.00 in a report issued on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts also recently weighed in on W. Truist Financial lowered their target price on Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Wedbush downgraded Wayfair from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $44.00 in a research report on Monday, January 6th. Canaccord Genuity Group lowered their target price on Wayfair from $76.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday. StockNews.com raised Wayfair from a “sell” rating to a “hold” rating in a report on Thursday, December 19th. Finally, BMO Capital Markets decreased their price target on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Fourteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Wayfair currently has an average rating of “Moderate Buy” and a consensus target price of $58.80.

Wayfair Stock Performance

NYSE W opened at $41.92 on Friday. The company has a market capitalization of $5.25 billion, a PE ratio of -9.34 and a beta of 3.43. The business’s fifty day moving average is $46.42 and its 200 day moving average is $46.50. Wayfair has a fifty-two week low of $37.35 and a fifty-two week high of $76.18.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 20th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.01). The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.07 billion. On average, sell-side analysts forecast that Wayfair will post -2.89 EPS for the current year.

Insiders Place Their Bets

In other Wayfair news, COO Thomas Netzer sold 1,039 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $50.65, for a total transaction of $52,625.35. Following the sale, the chief operating officer now directly owns 171,790 shares of the company’s stock, valued at $8,701,163.50. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kate Gulliver sold 5,974 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $44.95, for a total value of $268,531.30. Following the sale, the chief financial officer now directly owns 129,964 shares in the company, valued at $5,841,881.80. The trade was a 4.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 164,228 shares of company stock valued at $7,830,018 over the last ninety days. 26.81% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of W. Creative Planning boosted its position in shares of Wayfair by 2.1% during the third quarter. Creative Planning now owns 13,261 shares of the company’s stock valued at $745,000 after buying an additional 272 shares during the period. International Assets Investment Management LLC boosted its position in shares of Wayfair by 3,988.6% during the third quarter. International Assets Investment Management LLC now owns 45,056 shares of the company’s stock valued at $2,531,000 after buying an additional 43,954 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Wayfair during the third quarter valued at approximately $304,000. Semanteon Capital Management LP purchased a new position in shares of Wayfair during the third quarter valued at approximately $277,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of Wayfair by 801.5% during the third quarter. Nisa Investment Advisors LLC now owns 42,460 shares of the company’s stock valued at $2,385,000 after buying an additional 37,750 shares during the period. Hedge funds and other institutional investors own 89.67% of the company’s stock.

About Wayfair

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.