Wayfair (NYSE:W) Stock Gets Price Target Bump from Deutsche Bank Aktiengesellschaft

Wayfair (NYSE:W) had its target price lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $120.00 to $140.00 in a report released on Thursday. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft‘s target price points to a potential upside of 24.91% from the company’s previous close.

W has been the subject of several other research reports. Zacks Research raised shares of Wayfair from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Wayfair from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday. Wedbush increased their price objective on Wayfair from $125.00 to $138.00 and gave the company a “neutral” rating in a research report on Thursday. Royal Bank Of Canada lifted their price objective on Wayfair from $96.00 to $128.00 and gave the stock a “sector perform” rating in a report on Thursday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Wayfair in a research report on Monday, September 14th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $128.57.

Wayfair Stock Down 1.1%

Shares of NYSE:W traded down $1.30 on Thursday, hitting $112.08. The company had a trading volume of 1,644,054 shares, compared to its average volume of 2,011,016. Wayfair has a 1 year low of $55.60 and a 1 year high of $127.99. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of -89.67, a P/E/G ratio of 4.07 and a beta of 3.10. The firm’s 50-day simple moving average is $105.88 and its two-hundred day simple moving average is $89.19.

Wayfair (NYSE:W) last released its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.13. Wayfair had a negative net margin of 2.49% and a negative return on equity of 3.40%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.38 billion. During the same period in the prior year, the firm earned $0.70 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Wayfair will post 0.97 EPS for the current year.

Insider Activity at Wayfair

In other news, insider Jon Blotner sold 500 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the transaction, the insider directly owned 115,385 shares of the company’s stock, valued at $13,846,200. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 117,000 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $111.25, for a total value of $13,016,250.00. Following the completion of the transaction, the director owned 105,073 shares in the company, valued at approximately $11,689,371.25. This trade represents a 52.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 692,070 shares of company stock worth $74,096,044. Company insiders own 18.44% of the company’s stock.

Institutional Trading of Wayfair

A number of hedge funds have recently bought and sold shares of the company. Eurizon Capital SGR S.p.A. increased its position in shares of Wayfair by 10.5% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 1,836 shares of the company’s stock valued at $187,000 after purchasing an additional 175 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Wayfair by 13.2% during the third quarter. Maryland State Retirement & Pension System now owns 6,436 shares of the company’s stock valued at $660,000 after buying an additional 748 shares during the period. Machina Capital S.A.S. bought a new stake in Wayfair during the third quarter valued at approximately $354,000. Lido Advisors LLC increased its holdings in Wayfair by 451.2% during the third quarter. Lido Advisors LLC now owns 16,226 shares of the company’s stock valued at $1,664,000 after buying an additional 13,282 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in Wayfair during the third quarter valued at approximately $622,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

More Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Wayfair’s third-quarter results beat estimates: earnings were $0.93 per share versus $0.80 expected, and revenue was $3.42 billion versus $3.38 billion expected. U.S. sales grew 11.4%, with improved advertising leverage and market-share gains contributing to the performance. Wayfair Q3 Earnings Beat on U.S. Growth and Ad Cost Leverage
• Positive Sentiment: Analysts raised targets following the results. Notable moves included UBS to $165 with a Buy rating, Needham to $145 with a Buy rating, and Wells Fargo to $140 with an Overweight rating; Deutsche Bank lifted its target to $140 but maintained Hold. Wayfair analyst coverage
• Neutral Sentiment: CTO Fiona Tan sold 15,000 shares across November 4–5 for about $1.86 million. The sales were made under a pre-arranged Rule 10b5-1 plan, and she retained 181,698 shares, making the transactions a less direct indicator of her near-term view of the stock. SEC Form 4 filing
• Negative Sentiment: Management expects higher holiday advertising spending in the fourth quarter. Although Wayfair forecast high-single-digit revenue growth and a 6%–7% adjusted EBITDA margin, increased marketing costs could weigh on near-term profitability. Wayfair forecasts Q4 growth and adjusted EBITDA margin

About Wayfair

Wayfair Inc is an e-commerce company that sells furniture, home furnishings and related products through digital platforms. Its selection includes furniture, décor, lighting, rugs, mattresses, kitchen and dining products, housewares, home improvement items, outdoor furnishings and other goods for residential and commercial spaces.

The company operates a portfolio of online brands and retail websites, including Wayfair, Joss & Main, AllModern, Birch Lane and Perigold. These brands are designed to serve different customer preferences, price points and areas of the home-furnishings market.