Wayfair (W) Expected to Announce Quarterly Earnings on Thursday

Wayfair (NYSE:W) will likely be announcing 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. Investors that wish to listen to the company’s conference call can do so using this link.

Wayfair Stock Performance

NYSE:W opened at $49.32 on Tuesday. The company has a fifty day moving average of $46.85 and a two-hundred day moving average of $46.50. Wayfair has a fifty-two week low of $37.35 and a fifty-two week high of $76.18.

Insider Transactions at Wayfair

In other news, COO Thomas Netzer sold 1,039 shares of the business’s 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 completion of the sale, the chief operating officer now owns 171,790 shares in the company, valued at approximately $8,701,163.50. The trade was a 0.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Blotner sold 4,521 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $46.88, for a total transaction of $211,944.48. Following the completion of the sale, the insider now owns 63,568 shares of the company’s stock, valued at approximately $2,980,067.84. This trade represents a 6.64 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 164,228 shares of company stock worth $7,709,418. 26.81% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on W shares. Piper Sandler reduced their price objective on shares of Wayfair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Loop Capital raised their price objective on shares of Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. UBS Group cut their price objective on shares of Wayfair from $70.00 to $65.00 and set a “buy” rating for the company in a research report on Tuesday, October 22nd. Royal Bank of Canada lowered their target price on shares of Wayfair from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Monday, November 4th. Finally, Mizuho lowered their price objective on shares of Wayfair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.