Wayfair (W) Earns “Overweight” Rating from Piper Jaffray Companies

Piper Jaffray Companies restated their overweight rating on shares of Wayfair (NYSE:W) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a $112.00 price target on the stock, up from their previous price target of $89.00.

Several other analysts have also recently commented on W. Oppenheimer increased their target price on Wayfair to $105.00 and gave the stock an outperform rating in a report on Friday, February 9th. Gordon Haskett cut Wayfair from a buy rating to an accumulate rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded Wayfair from a sell rating to a hold rating in a report on Saturday, February 10th. MKM Partners set a $107.00 target price on Wayfair and gave the stock a buy rating in a report on Wednesday, January 24th. Finally, Citigroup decreased their target price on Wayfair from $80.00 to $66.00 and set a buy rating on the stock in a report on Friday, November 3rd. Fourteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $81.32.

Shares of Wayfair (NYSE W) opened at $97.52 on Thursday. The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The company has a market capitalization of $8,498.43, a price-to-earnings ratio of -39.01 and a beta of 1.05. Wayfair has a 1-year low of $35.36 and a 1-year high of $98.73.

In related news, insider Edmond Macri sold 600 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $92.88, for a total value of $55,728.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael D. Fleisher sold 4,628 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $66.81, for a total value of $309,196.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 59,930 shares of company stock worth $4,855,017. 56.93% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of W. Delta Asset Management LLC TN boosted its holdings in Wayfair by 375.0% during the third quarter. Delta Asset Management LLC TN now owns 1,900 shares of the company’s stock worth $128,000 after buying an additional 1,500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wayfair by 52.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,803 shares of the company’s stock worth $145,000 after buying an additional 624 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Wayfair by 1,512.5% during the third quarter. Advisors Asset Management Inc. now owns 2,322 shares of the company’s stock worth $157,000 after buying an additional 2,178 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Wayfair by 78.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,403 shares of the company’s stock worth $193,000 after buying an additional 1,056 shares during the last quarter. Finally, Mohican Financial Management LLC bought a new position in Wayfair during the third quarter worth about $194,000. Hedge funds and other institutional investors own 67.16% of the company’s stock.

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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.

Analyst Recommendations for Wayfair (NYSE:W)

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