Wayfair (W) Expected to Announce Earnings on Thursday

Wayfair (NYSE:W) will likely be releasing its earnings data before the market opens on Thursday, February 20th. Analysts expect Wayfair to post earnings of $0.05 per share and revenue of $3.07 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Wayfair Price Performance

NYSE:W opened at $45.42 on Thursday. The firm’s 50-day moving average price is $47.17 and its 200-day moving average price is $46.65. The company has a market capitalization of $5.69 billion, a PE ratio of -10.12 and a beta of 3.43. Wayfair has a 1-year low of $37.35 and a 1-year high of $76.18.

Insider Buying and Selling at Wayfair

In related news, insider Steven Conine sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $42.31, for a total transaction of $1,269,300.00. Following the completion of the transaction, the insider now directly owns 179,073 shares in the company, valued at approximately $7,576,578.63. The trade was a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas Netzer sold 1,039 shares of Wayfair stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total transaction of $52,625.35. Following the transaction, the chief operating officer now directly owns 171,790 shares in the company, valued at $8,701,163.50. This represents a 0.60 % 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 valued at $7,709,418. Insiders own 26.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada reduced their price objective on Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research report on Monday, November 4th. Mizuho reduced their price target on Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on Wayfair from $69.00 to $46.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Robert W. Baird cut their price objective on shares of Wayfair from $56.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Stifel Nicolaus decreased their target price on shares of Wayfair from $55.00 to $47.00 and set a “hold” rating for the company in a report on Monday, November 4th. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $60.24.

About Wayfair

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.