Wayfair (W) Trading Down 0%
Wayfair Inc (NYSE:W)’s share price dropped 0% during trading on Thursday . The company traded as low as $73.56 and last traded at $73.95. Approximately 12,896,031 shares were traded during mid-day trading, an increase of 679% from the average daily volume of 1,654,778 shares. The stock had previously closed at $73.95.
W has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating on shares of Wayfair in a report on Wednesday, December 27th. Moffett Nathanson initiated coverage on shares of Wayfair in a report on Monday, December 4th. They issued a “buy” rating for the company. Bank of America downgraded shares of Wayfair from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a report on Wednesday, January 3rd. MKM Partners set a $107.00 target price on shares of Wayfair and gave the stock a “buy” rating in a report on Wednesday, January 24th. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $89.00 target price on shares of Wayfair in a report on Wednesday, December 13th. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $84.01.
The company has a debt-to-equity ratio of 135.98, a quick ratio of 1.17 and a current ratio of 1.19. The firm has a market cap of $6,500.00, a price-to-earnings ratio of -29.70 and a beta of 1.05.
A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB purchased a new position in Wayfair during the fourth quarter worth about $293,000. Sterling Capital Management LLC boosted its holdings in Wayfair by 16.9% during the fourth quarter. Sterling Capital Management LLC now owns 26,057 shares of the company’s stock worth $2,092,000 after purchasing an additional 3,761 shares during the last quarter. Westside Investment Management Inc. purchased a new position in Wayfair in the fourth quarter valued at about $693,000. Paloma Partners Management Co purchased a new position in Wayfair in the fourth quarter valued at about $543,000. Finally, Raymond James & Associates purchased a new position in Wayfair in the fourth quarter valued at about $1,259,000. Institutional investors and hedge funds own 71.30% of the company’s stock.
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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.
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