Wayfair (W) Given a $76.00 Price Target at Credit Suisse Group

Wayfair (NYSE:W) has been assigned a $76.00 price target by investment analysts at Credit Suisse Group in a report released on Friday. The firm presently has a “hold” rating on the stock. Credit Suisse Group’s price target indicates a potential upside of 2.55% from the company’s current price.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus restated a “hold” rating and issued a $90.00 price target on shares of Wayfair in a research report on Thursday. Piper Jaffray Companies restated an “overweight” rating on shares of Wayfair in a research report on Friday. Wedbush restated a “buy” rating and issued a $98.00 price target (up previously from $86.00) on shares of Wayfair in a research report on Tuesday. Robert W. Baird lifted their price target on shares of Wayfair to $78.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Oppenheimer lifted their price target on shares of Wayfair to $105.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Fourteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $83.80.

Shares of Wayfair (NYSE:W) traded up $0.16 during mid-day trading on Friday, hitting $74.11. 8,058,757 shares of the stock traded hands, compared to its average volume of 1,824,058. 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 has a twelve month low of $35.36 and a twelve month high of $100.14. The company has a market capitalization of $6,500.00, a PE ratio of -28.00 and a beta of 1.05.

Wayfair (NYSE:W) last issued its earnings results on Thursday, February 22nd. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.52) by ($0.06). The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.36 billion. Wayfair had a negative return on equity of 658.45% and a negative net margin of 5.06%. The business’s revenue was up 46.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.34) EPS. equities research analysts expect that Wayfair will post -2.78 earnings per share for the current fiscal year.

In other news, COO James Savarese sold 11,773 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $99.96, for a total transaction of $1,176,829.08. Following the transaction, the chief operating officer now owns 548,695 shares in the company, valued at approximately $54,847,552.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edmond Macri sold 600 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $68.80, for a total transaction of $41,280.00. Following the transaction, the insider now owns 500 shares in the company, valued at approximately $34,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,951 shares of company stock valued at $7,312,515. 56.93% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Delta Asset Management LLC TN raised its stake in shares of 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 increased its position in shares of 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 acquiring an additional 624 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of 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 acquiring an additional 2,178 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 acquiring an additional 1,056 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Wayfair during the fourth quarter worth $215,000. 71.30% of the stock is currently owned by institutional investors and hedge funds.

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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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