James Savarese Sells 9,534 Shares of Wayfair Inc (W) Stock

Wayfair Inc (NYSE:W) COO James Savarese sold 9,534 shares of the company’s stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $36.11, for a total transaction of $344,272.74. Following the completion of the sale, the chief operating officer now directly owns 609,768 shares in the company, valued at $22,018,722.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

James Savarese also recently made the following trade(s):

  • On Wednesday, February 15th, James Savarese sold 825 shares of Wayfair stock. The shares were sold at an average price of $40.75, for a total transaction of $33,618.75.
  • On Tuesday, January 17th, James Savarese sold 973 shares of Wayfair stock. The shares were sold at an average price of $39.19, for a total transaction of $38,131.87.
  • On Wednesday, December 28th, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $36.02, for a total transaction of $18,010.00.
  • On Wednesday, December 21st, James Savarese sold 500 shares of Wayfair stock. The shares were sold at an average price of $37.64, for a total transaction of $18,820.00.

Wayfair Inc (NYSE:W) opened at 38.81 on Monday. The firm’s 50 day moving average is $39.59 and its 200-day moving average is $38.04. Wayfair Inc has a 12 month low of $27.60 and a 12 month high of $49.34. The firm’s market cap is $3.34 billion.

Wayfair (NYSE:W) last issued its quarterly earnings data on Thursday, February 23rd. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.16. The firm earned $985 million during the quarter, compared to analysts’ expectations of $971.20 million. Wayfair had a negative net margin of 5.29% and a negative return on equity of 91.94%. The business’s revenue was up 33.1% on a year-over-year basis. During the same period last year, the company earned ($0.07) earnings per share. On average, equities analysts forecast that Wayfair Inc will post ($1.63) EPS for the current year.

Insider Buying and Selling by Quarter for Wayfair (NYSE:W)

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in Wayfair by 142,724.0% in the second quarter. Royal Bank of Canada now owns 142,824 shares of the company’s stock valued at $5,570,000 after buying an additional 142,724 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Wayfair by 19.8% in the third quarter. State of New Jersey Common Pension Fund D now owns 848,000 shares of the company’s stock valued at $33,386,000 after buying an additional 140,000 shares during the period. California Public Employees Retirement System purchased a new position in Wayfair during the third quarter valued at $4,803,000. Kalmar Investments Inc. DE purchased a new position in Wayfair during the third quarter valued at $1,851,000. Finally, Wells Fargo & Company MN boosted its position in Wayfair by 9.9% in the third quarter. Wells Fargo & Company MN now owns 26,112 shares of the company’s stock valued at $1,028,000 after buying an additional 2,351 shares during the period. Hedge funds and other institutional investors own 70.53% of the company’s stock.

A number of equities research analysts have recently issued reports on W shares. Cowen and Company reaffirmed an “outperform” rating and issued a $44.00 target price (up from $39.00) on shares of Wayfair in a report on Wednesday, February 22nd. Zacks Investment Research cut shares of Wayfair from a “hold” rating to a “sell” rating in a report on Saturday, December 10th. Credit Suisse Group AG started coverage on shares of Wayfair in a report on Wednesday, January 11th. They issued a “neutral” rating and a $40.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Wayfair in a report on Tuesday, January 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $45.00 target price on shares of Wayfair in a report on Wednesday, December 21st. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.58.

About Wayfair

Wayfair Inc (Wayfair) offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Company offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties.

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