Teachers Retirement System of The State of Kentucky Has $7.57 Million Stock Position in Wayfair Inc. (NYSE:W)

Teachers Retirement System of The State of Kentucky grew its holdings in Wayfair Inc. (NYSE:W - Free Report) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 170,815 shares of the company's stock after acquiring an additional 23,379 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.14% of Wayfair worth $7,571,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of W. Capital World Investors boosted its position in Wayfair by 6.2% during the fourth quarter. Capital World Investors now owns 13,506,200 shares of the company's stock worth $598,596,000 after purchasing an additional 782,757 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of Wayfair by 13.6% during the 4th quarter. Baillie Gifford & Co. now owns 6,179,761 shares of the company's stock worth $273,887,000 after buying an additional 740,641 shares during the period. Norges Bank acquired a new position in Wayfair in the 4th quarter valued at $31,472,000. Arrowstreet Capital Limited Partnership acquired a new position in Wayfair in the 4th quarter valued at $30,735,000. Finally, Renaissance Technologies LLC raised its holdings in Wayfair by 17.9% in the 4th quarter. Renaissance Technologies LLC now owns 3,834,667 shares of the company's stock worth $169,952,000 after acquiring an additional 581,000 shares during the period. Institutional investors and hedge funds own 89.67% of the company's stock.

Insider Activity at Wayfair

In other Wayfair news, CFO Kate Gulliver sold 19,296 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $31.67, for a total value of $611,104.32. Following the transaction, the chief financial officer now directly owns 144,474 shares in the company, valued at approximately $4,575,491.58. This trade represents a 11.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven Conine sold 30,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $46.33, for a total value of $1,389,900.00. Following the sale, the insider now owns 559,073 shares of the company's stock, valued at approximately $25,901,852.09. The trade was a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,863 shares of company stock valued at $3,393,929 over the last ninety days. 21.91% of the stock is owned by insiders.

Wayfair Stock Performance

Shares of NYSE W traded up $1.16 during mid-day trading on Thursday, hitting $29.43. 3,800,846 shares of the stock were exchanged, compared to its average volume of 4,630,997. Wayfair Inc. has a twelve month low of $20.41 and a twelve month high of $76.18. The stock's fifty day simple moving average is $33.34 and its two-hundred day simple moving average is $42.01. The company has a market cap of $3.73 billion, a P/E ratio of -7.32 and a beta of 3.72.

Wayfair (NYSE:W - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($1.01). The business had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.07 billion. As a group, equities research analysts predict that Wayfair Inc. will post -2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on W shares. Stifel Nicolaus dropped their price objective on Wayfair from $46.00 to $29.00 and set a "hold" rating on the stock in a research note on Wednesday. Jefferies Financial Group raised Wayfair from a "hold" rating to a "buy" rating and lifted their price target for the stock from $45.00 to $47.00 in a research report on Friday, March 7th. Needham & Company LLC reiterated a "buy" rating and set a $50.00 price target on shares of Wayfair in a report on Friday, February 21st. Royal Bank of Canada lowered their price objective on shares of Wayfair from $50.00 to $43.00 and set a "sector perform" rating on the stock in a research note on Monday, February 24th. Finally, Bank of America cut their target price on shares of Wayfair from $52.00 to $50.00 and set a "neutral" rating for the company in a research note on Friday, February 21st. Sixteen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $51.32.

Wayfair 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.