James Savarese Sells 1,236 Shares of Wayfair Inc. (W) Stock

Wayfair Inc. (NYSE:W) COO James Savarese sold 1,236 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $63.67, for a total transaction of $78,696.12. Following the sale, the chief operating officer now owns 540,920 shares in the company, valued at approximately $34,440,376.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

James Savarese also recently made the following trade(s):

  • On Monday, October 16th, James Savarese sold 1,216 shares of Wayfair stock. The shares were sold at an average price of $71.27, for a total transaction of $86,664.32.
  • On Friday, September 15th, James Savarese sold 4,670 shares of Wayfair stock. The shares were sold at an average price of $79.37, for a total transaction of $370,657.90.

Wayfair Inc. (NYSE W) traded up $0.24 during midday trading on Monday, reaching $70.23. 1,295,400 shares of the company’s stock traded hands, compared to its average volume of 1,546,007. The company has a quick ratio of 1.17, a current ratio of 1.19 and a debt-to-equity ratio of 135.98. Wayfair Inc. has a 52 week low of $34.30 and a 52 week high of $84.19.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.65) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.03. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. Wayfair had a negative net margin of 5.06% and a negative return on equity of 658.45%. Wayfair’s quarterly revenue was up 39.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.54) earnings per share. analysts predict that Wayfair Inc. will post -2.63 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on W shares. Oppenheimer reiterated a “buy” rating and set a $88.00 price objective on shares of Wayfair in a research report on Wednesday, September 13th. Piper Jaffray Companies reiterated a “buy” rating and set a $89.00 price objective on shares of Wayfair in a research report on Friday, September 8th. Gordon Haskett upgraded shares of Wayfair from an “accumulate” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Tuesday, September 5th. Buckingham Research reiterated a “buy” rating and set a $95.00 price objective on shares of Wayfair in a research report on Thursday, August 10th. Finally, Wedbush reiterated a “buy” rating on shares of Wayfair in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $76.01.

Several institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Wayfair by 2.7% during the second quarter. FMR LLC now owns 7,757,688 shares of the company’s stock valued at $596,411,000 after purchasing an additional 207,443 shares during the period. Vanguard Group Inc. boosted its stake in shares of Wayfair by 16.3% during the second quarter. Vanguard Group Inc. now owns 3,028,832 shares of the company’s stock valued at $232,857,000 after purchasing an additional 423,631 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Wayfair by 1.3% during the third quarter. Baillie Gifford & Co. now owns 1,938,701 shares of the company’s stock valued at $130,669,000 after purchasing an additional 24,027 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Wayfair during the third quarter valued at $81,855,000. Finally, Allen Investment Management LLC boosted its stake in shares of Wayfair by 11.4% during the third quarter. Allen Investment Management LLC now owns 980,000 shares of the company’s stock valued at $66,052,000 after purchasing an additional 100,000 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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