Wayfair (NYSE:W) Given New $70.00 Price Target at Jefferies Financial Group

Wayfair (NYSE:W) had its price target reduced by Jefferies Financial Group from $86.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a hold rating on the stock.

A number of other research firms also recently weighed in on W. Wedbush cut their target price on Wayfair from $100.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Wall Street Zen downgraded Wayfair from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. Stifel Nicolaus cut their price objective on Wayfair from $100.00 to $89.00 and set a “hold” rating for the company in a research report on Friday, February 20th. Robert W. Baird cut their price objective on Wayfair from $98.00 to $85.00 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, Morgan Stanley increased their price objective on Wayfair from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.30.

Wayfair Trading Down 12.2%

Shares of NYSE:W opened at $64.30 on Thursday. The firm’s 50 day moving average is $75.42 and its two-hundred day moving average is $91.43. The firm has a market capitalization of $8.41 billion, a P/E ratio of -26.46, a PEG ratio of 6.14 and a beta of 3.30. Wayfair has a 52 week low of $29.68 and a 52 week high of $119.98.

Wayfair (NYSE:W) last released its earnings results on Thursday, February 19th. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.21. The firm had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.30 billion. Wayfair had a negative return on equity of 1.52% and a negative net margin of 2.51%.The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.25) earnings per share. Analysts predict that Wayfair will post 0.4 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Niraj Shah sold 113,863 shares of the company’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $77.49, for a total value of $8,823,243.87. Following the transaction, the chief executive officer directly owned 435,274 shares of the company’s stock, valued at approximately $33,729,382.26. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 112,861 shares of the company’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $77.50, for a total transaction of $8,746,727.50. Following the completion of the transaction, the director directly owned 436,212 shares in the company, valued at $33,806,430. This trade represents a 20.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 703,785 shares of company stock worth $54,004,173 over the last ninety days. 18.44% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Wayfair

A number of hedge funds have recently modified their holdings of W. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Wayfair by 29.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,023 shares of the company’s stock worth $2,147,000 after acquiring an additional 15,084 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Wayfair by 30.4% in the second quarter. Prudential Financial Inc. now owns 7,328 shares of the company’s stock worth $375,000 after acquiring an additional 1,710 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Wayfair by 12.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,462 shares of the company’s stock worth $126,000 after acquiring an additional 270 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Wayfair in the second quarter worth $262,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock worth $42,000 after acquiring an additional 653 shares during the last quarter. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair News Summary

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Company reported revenue growth, active-customer gains and share capture in Q1 — management highlighted improved margins and return to active-customer growth, supporting the case Wayfair can scale profitably. Press Release
• Positive Sentiment: Management says AI and influencer strategies helped Wayfair outperform a weak furniture category, which could support continued share gains without higher ad spend. PYMNTS: AI & Influencers
• Positive Sentiment: Analyst/upside thesis: some commentators argue the post-earnings selloff overlooks >40% y/y adjusted EBITDA growth and reduced advertising spend, framing the pullback as a potential buying opportunity. Seeking Alpha upgrade
• Neutral Sentiment: Bares Capital remains a long-term holder but reportedly trimmed its position — indicates institutional engagement but not a clear directional signal. InsiderMonkey
• Neutral Sentiment: Consumer / deals coverage (People, AOL) highlights promotional activity and product momentum on Wayfair’s site — positive for demand visibility but not a near-term earnings driver on its own. People.com
• Negative Sentiment: Jefferies cut its price target from $86 to $70 and moved to a “hold,” reducing an influential upside anchor for investors and reinforcing caution. Benzinga
• Negative Sentiment: Earnings reaction: Wayfair missed EPS by $0.01 despite a revenue beat; headlines focused on a “choppy” furniture market and demand concerns, driving the stock selloff. MarketBeat / Call
• Negative Sentiment: Insider/director sale disclosed (~$8.7M) — fuels additional selling pressure and investor wariness on near-term insider conviction. American Banking News
• Negative Sentiment: Multiple outlets report the stock “tumbled”/“tank[ed]” on earnings and demand worries, amplifying negative sentiment and contributing to heavy trading volume. Barron’s

Wayfair Company Profile

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.