Wayfair (W) Expected to Announce Earnings on Thursday

Wayfair (NYSE:W - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Wayfair to post earnings of $0.05 per share and revenue of $3.07 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Wayfair Price Performance

Shares of W stock traded up $1.73 during trading hours on Monday, hitting $49.32. The stock had a trading volume of 3,852,070 shares, compared to its average volume of 3,145,457. The stock's 50-day moving average price is $46.96 and its two-hundred day moving average price is $46.51. Wayfair has a one year low of $37.35 and a one year high of $76.18. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of -10.99 and a beta of 3.43.

Insiders Place Their Bets

In other Wayfair news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $53.14, for a total transaction of $1,594,200.00. Following the transaction, the insider now directly owns 632,573 shares of the company's stock, valued at $33,614,929.22. The trade was a 4.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jon Blotner sold 4,966 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $44.93, for a total transaction of $223,122.38. Following the sale, the insider now owns 68,089 shares of the company's stock, valued at $3,059,238.77. This represents a 6.80 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,228 shares of company stock worth $7,709,418. Company insiders own 26.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Mizuho lowered their price objective on Wayfair from $65.00 to $60.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Citigroup lowered their price target on Wayfair from $70.00 to $54.00 and set a "buy" rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of Wayfair from a "sell" rating to a "hold" rating in a research note on Thursday, December 19th. Loop Capital increased their target price on shares of Wayfair from $50.00 to $55.00 and gave the company a "hold" rating in a research note on Monday, December 16th. Finally, UBS Group dropped their price target on shares of Wayfair from $70.00 to $65.00 and set a "buy" rating for the company in a research note on Tuesday, October 22nd. Fourteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $60.24.

About Wayfair

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.