Wayfair (W) to Release Earnings on Thursday

Wayfair (NYSE:W) is projected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $3.07 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Wayfair Trading Up 2.3 %

W stock opened at $45.42 on Thursday. Wayfair has a 1-year low of $37.35 and a 1-year high of $76.18. The stock has a market cap of $5.69 billion, a P/E ratio of -10.12 and a beta of 3.43. The stock’s fifty day simple moving average is $47.17 and its two-hundred day simple moving average is $46.65.

Insider Transactions at Wayfair

In other news, CTO Fiona Tan sold 8,249 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $44.91, for a total value of $370,462.59. Following the completion of the sale, the chief technology officer now directly owns 96,557 shares of the company’s stock, valued at approximately $4,336,374.87. This trade represents a 7.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.45, for a total transaction of $1,453,500.00. Following the sale, the insider now directly owns 589,073 shares in the company, valued at $28,540,586.85. The trade was a 4.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,228 shares of company stock worth $7,709,418. Company insiders own 26.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on W shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a report on Monday, November 4th. Truist Financial lowered their price objective on Wayfair from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Citigroup cut their target price on shares of Wayfair from $70.00 to $54.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Needham & Company LLC restated a “buy” rating and set a $60.00 price target on shares of Wayfair in a research note on Friday, November 1st. Finally, Mizuho lowered their target price on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.