Deutsche Bank Aktiengesellschaft Lowers Wayfair (NYSE:W) Price Target to $46.00

Wayfair (NYSE:W) had its price objective reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $69.00 to $46.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 9.60% from the company’s current price.

Several other equities research analysts have also recently weighed in on the company. Barclays decreased their price target on Wayfair from $58.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Loop Capital raised their target price on shares of Wayfair from $45.00 to $55.00 and gave the company a “hold” rating in a research note on Thursday, September 26th. BMO Capital Markets reduced their price objective on Wayfair from $58.00 to $50.00 and set a “market perform” rating on the stock in a research report on Monday. Royal Bank of Canada decreased their price target on shares of Wayfair from $65.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price objective on shares of Wayfair from $67.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Thirteen investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Wayfair currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.28.

Wayfair Trading Up 4.5 %

Shares of W traded up $1.82 during trading hours on Monday, reaching $41.97. 5,316,731 shares of the stock traded hands, compared to its average volume of 4,340,790. The company has a market cap of $5.18 billion, a price-to-earnings ratio of -7.93 and a beta of 3.46. Wayfair has a 52 week low of $38.02 and a 52 week high of $76.18. The stock has a fifty day simple moving average of $48.69 and a 200 day simple moving average of $52.35.

Wayfair (NYSE:W) last posted its earnings results on Thursday, August 1st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the company posted ($1.27) EPS. Wayfair’s quarterly revenue was up .2% on a year-over-year basis. Analysts predict that Wayfair will post -2.68 earnings per share for the current fiscal year.

Insider Transactions at Wayfair

In other Wayfair news, insider Jon Blotner sold 4,600 shares of Wayfair stock in a transaction on Monday, October 14th. The stock was sold at an average price of $53.60, for a total transaction of $246,560.00. Following the completion of the sale, the insider now directly owns 52,078 shares of the company’s stock, valued at $2,791,380.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CTO Fiona Tan sold 10,040 shares of Wayfair stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $53.06, for a total transaction of $532,722.40. Following the completion of the sale, the chief technology officer now owns 84,655 shares of the company’s stock, valued at $4,491,794.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jon Blotner sold 4,600 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $53.60, for a total value of $246,560.00. Following the completion of the sale, the insider now owns 52,078 shares in the company, valued at approximately $2,791,380.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,471 shares of company stock worth $1,987,002. 26.81% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in W. Vanguard Group Inc. grew its position in shares of Wayfair by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 8,467,900 shares of the company’s stock valued at $574,801,000 after acquiring an additional 363,948 shares during the period. SageView Advisory Group LLC acquired a new position in Wayfair during the first quarter worth $937,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Wayfair by 250.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 167,170 shares of the company’s stock valued at $11,347,000 after purchasing an additional 119,415 shares during the period. Sei Investments Co. increased its stake in shares of Wayfair by 14.6% during the first quarter. Sei Investments Co. now owns 100,447 shares of the company’s stock worth $6,818,000 after purchasing an additional 12,809 shares in the last quarter. Finally, Highland Peak Capital LLC acquired a new position in shares of Wayfair during the 2nd quarter worth about $5,165,000. Hedge funds and other institutional investors own 89.67% of the company’s stock.

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.