Wayfair Inc. (NYSE:W) Director Romero Rodrigues sold 374 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $747,543.89. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
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 3.92% on Friday, reaching $80.36. 1,058,950 shares of the company were exchanged. Wayfair Inc. has a 52 week low of $27.60 and a 52 week high of $80.52. The firm’s 50 day moving average price is $75.55 and its 200 day moving average price is $54.28. The stock’s market capitalization is $6.96 billion.
Wayfair (NYSE:W) last posted its earnings results on Tuesday, May 9th. The company reported ($0.48) EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $934.84 million. During the same quarter in the prior year, the company posted ($0.36) earnings per share. Wayfair’s revenue for the quarter was up 28.6% compared to the same quarter last year. Equities research analysts anticipate that Wayfair Inc. will post ($1.55) EPS for the current year.
W has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Wayfair from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research note on Thursday, April 27th. Maxim Group reiterated a “buy” rating and set a $53.00 price target (up previously from $45.00) on shares of Wayfair in a research report on Tuesday, May 2nd. Wedbush boosted their price target on shares of Wayfair from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, May 3rd. Buckingham Research boosted their price target on shares of Wayfair from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Wayfair in a research report on Saturday, May 6th. Ten investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $63.22.
Hedge funds have recently modified their holdings of the company. Spruce House Investment Management LLC acquired a new stake in shares of Wayfair during the first quarter valued at about $101,225,000. Columbia Wanger Asset Management LLC acquired a new stake in shares of Wayfair during the first quarter valued at about $42,729,000. Eventide Asset Management LLC boosted its stake in shares of Wayfair by 99.7% in the first quarter. Eventide Asset Management LLC now owns 699,000 shares of the company’s stock valued at $28,303,000 after buying an additional 349,000 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Wayfair by 18.6% in the first quarter. Baillie Gifford & Co. now owns 1,812,214 shares of the company’s stock valued at $73,377,000 after buying an additional 284,599 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Wayfair by 18,904.8% in the second quarter. Russell Investments Group Ltd. now owns 274,239 shares of the company’s stock valued at $21,089,000 after buying an additional 272,796 shares in the last quarter.
About Wayfair
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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