Wayfair Inc. (NYSE:W) Director Romero Rodrigues sold 374 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $76.21, for a total transaction of $28,502.54. Following the transaction, the director now owns 9,809 shares in the company, valued at approximately $747,543.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Romero Rodrigues also recently made the following trade(s):
- On Thursday, June 15th, Romero Rodrigues sold 52 shares of Wayfair stock. The stock was sold at an average price of $70.94, for a total transaction of $3,688.88.
- On Monday, May 15th, Romero Rodrigues sold 601 shares of Wayfair stock. The stock was sold at an average price of $60.43, for a total transaction of $36,318.43.
Shares of Wayfair Inc. (W) traded up 1.49% on Friday, reaching $78.20. 704,530 shares of the company traded hands. The stock has a 50 day moving average of $75.22 and a 200 day moving average of $53.57. Wayfair Inc. has a 52-week low of $27.60 and a 52-week high of $80.40. The stock’s market cap is $6.77 billion.
Wayfair (NYSE:W) last issued its quarterly earnings data on Tuesday, May 9th. The company reported ($0.48) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.32. Wayfair had a negative net margin of 5.84% and a negative return on equity of 215.36%. The company had revenue of $960.80 million for the quarter, compared to analyst estimates of $934.84 million. During the same period in the prior year, the firm earned ($0.36) earnings per share. The company’s revenue was up 28.6% on a year-over-year basis. On average, analysts expect that Wayfair Inc. will post ($1.56) earnings per share for the current year.
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A number of brokerages recently weighed in on W. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Wayfair in a report on Saturday, May 6th. Piper Jaffray Companies set a $87.00 price objective on shares of Wayfair and gave the stock a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research lowered shares of Wayfair from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Buckingham Research reaffirmed a “buy” rating and issued a $95.00 price objective (up previously from $72.00) on shares of Wayfair in a research note on Thursday, July 13th. They noted that the move was a valuation call. Finally, Maxim Group lowered shares of Wayfair from a “buy” rating to a “hold” rating and raised their price objective for the stock from $27.60 to $76.17 in a research note on Monday, June 19th. They noted that the move was a valuation call. Eleven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.03.
A number of large investors have recently made changes to their positions in W. Bank of New York Mellon Corp increased its stake in shares of Wayfair by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 129,187 shares of the company’s stock worth $5,231,000 after buying an additional 3,160 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Wayfair by 5.6% in the first quarter. First Trust Advisors LP now owns 76,895 shares of the company’s stock worth $3,113,000 after buying an additional 4,058 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Wayfair by 9.6% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 2,820 shares of the company’s stock worth $114,000 after buying an additional 247 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Wayfair by 3.8% in the first quarter. Wells Fargo & Company MN now owns 41,065 shares of the company’s stock worth $1,663,000 after buying an additional 1,518 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Wayfair during the first quarter worth about $445,000.
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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