Wayfair Inc (NYSE:W) CFO Michael D. Fleisher sold 750 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $147.28, for a total value of $110,460.00. Following the transaction, the chief financial officer now directly owns 126,698 shares of the company’s stock, valued at approximately $18,660,081.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
W stock opened at $150.11 on Friday. Wayfair Inc has a 52-week low of $76.60 and a 52-week high of $173.72. The business’s fifty day simple moving average is $149.09. The firm has a market capitalization of $13.76 billion, a PE ratio of -26.76 and a beta of 1.89.
Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($0.02). The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned ($0.91) EPS. The firm’s revenue was up 38.5% on a year-over-year basis. Equities research analysts anticipate that Wayfair Inc will post -8.34 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in Wayfair by 40.0% in the first quarter. PNC Financial Services Group Inc. now owns 294 shares of the company’s stock valued at $45,000 after acquiring an additional 84 shares during the last quarter. Investors Research Corp acquired a new position in Wayfair in the first quarter valued at $52,000. Catamount Wealth Management acquired a new position in Wayfair in the first quarter valued at $74,000. Strs Ohio acquired a new position in Wayfair in the first quarter valued at $102,000. Finally, Brandywine Global Investment Management LLC lifted its stake in shares of Wayfair by 7,322.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 1,336 shares of the company’s stock worth $121,000 after purchasing an additional 1,318 shares in the last quarter. Institutional investors and hedge funds own 80.19% of the company’s stock.
Wayfair Inc engages in the e-commerce business in the United States, Europe, and internationally. It provides approximately 14 million products for the home sector under various brands. The company offers selection of furniture, décor, decorative accents, housewares, seasonal décor, and other home goods through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold.
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