Williamson Legacy Group LLC Grows Stock Holdings in Wayfair Inc. $W

Williamson Legacy Group LLC boosted its holdings in shares of Wayfair Inc. (NYSE:W) by 86.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,967 shares of the company’s stock after acquiring an additional 11,560 shares during the period. Wayfair comprises 2.0% of Williamson Legacy Group LLC’s portfolio, making the stock its 11th largest holding. Williamson Legacy Group LLC’s holdings in Wayfair were worth $2,507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of W. Cornerstone Planning Group LLC lifted its holdings in shares of Wayfair by 28,200.0% in the third quarter. Cornerstone Planning Group LLC now owns 283 shares of the company’s stock valued at $25,000 after purchasing an additional 282 shares in the last quarter. Webster Bank N. A. purchased a new stake in shares of Wayfair in the fourth quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Wayfair in the fourth quarter valued at about $33,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Wayfair by 393.4% in the second quarter. EverSource Wealth Advisors LLC now owns 819 shares of the company’s stock valued at $42,000 after purchasing an additional 653 shares in the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Wayfair by 37.7% in the fourth quarter. True Wealth Design LLC now owns 449 shares of the company’s stock valued at $45,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 89.67% of the company’s stock.

Insider Activity

In other news, Director Steven Conine sold 112,861 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $77.50, for a total value of $8,746,727.50. Following the completion of the transaction, the director owned 436,212 shares of the company’s stock, valued at $33,806,430. The trade was a 20.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jon Blotner sold 4,790 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $72.19, for a total transaction of $345,790.10. Following the completion of the transaction, the insider directly owned 111,158 shares of the company’s stock, valued at approximately $8,024,496.02. This represents a 4.13% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 517,735 shares of company stock valued at $40,119,261 over the last 90 days. Insiders own 18.44% of the company’s stock.

Wayfair Price Performance

NYSE:W opened at $72.27 on Wednesday. The firm has a 50 day simple moving average of $71.44 and a 200-day simple moving average of $88.47. The firm has a market cap of $9.54 billion, a PE ratio of -30.88, a P/E/G ratio of 3.83 and a beta of 3.02. Wayfair Inc. has a 1-year low of $36.84 and a 1-year high of $119.98.

Wayfair (NYSE:W) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. Wayfair had a negative net margin of 2.41% and a negative return on equity of 2.20%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. As a group, sell-side analysts expect that Wayfair Inc. will post 0.58 earnings per share for the current fiscal year.

Key Wayfair News

Here are the key news stories impacting Wayfair this week:

• Positive Sentiment: Several stories spotlight Wayfair’s Memorial Day sale, with discounts of up to 77%–80% on thousands of items, suggesting strong promotional activity and potential support for sales volume. Wayfair’s Memorial Day sale ends tonight — get up to 80% off 1,000s of items
• Positive Sentiment: Articles on patio furniture, outdoor chairs, and summer goods emphasize clearance-level pricing and large markdowns, which may help Wayfair capture seasonal demand as outdoor shopping accelerates. Wayfair’s Patio Furniture Sets Are Up to 76% Off in Time for Summer — Shop Sofas, Bistro Tables, and More
• Positive Sentiment: Coverage of Wayfair’s “secret outlet” and other deal pages points to continued promotion depth after the holiday, which could keep shoppers engaged even as the sale ends. Wayfair just filled its secret outlet with even more patio deals—and we handpicked the 10 best up to 52% off
• Positive Sentiment: Market commentary saying Wayfair and Carvana shares are “soaring” may be reinforcing momentum buying in the stock. Wayfair and Carvana shares are soaring, what you need to know
• Neutral Sentiment: Several lifestyle articles simply highlight specific discounted products at Wayfair, reinforcing consumer interest but not adding new company-level financial information. You’ll Be Shocked By The Heirloom-Quality Furniture And Decor We Found Hiding At Wayfair—Up To 81% Off

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho reduced their price target on shares of Wayfair from $110.00 to $90.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. Wall Street Zen downgraded shares of Wayfair from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Wells Fargo & Company reduced their price target on shares of Wayfair from $125.00 to $100.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. The Goldman Sachs Group set a $79.00 price target on shares of Wayfair in a report on Friday, May 1st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $125.00 price target on shares of Wayfair in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.89.

About Wayfair

Wayfair Inc (NYSE: W) is an e-commerce company focused on home furnishings and décor. Through its platform, Wayfair offers a broad assortment of furniture, lighting, home textiles, kitchenware and decorative accessories. The company’s portfolio includes flagship sites such as Wayfair.com, as well as specialty retail brands like Joss & Main, AllModern, Birch Lane and Perigold, each catering to distinct design styles and price points.

Founded in 2002 by Niraj Shah and Steve Conine under the name CSN Stores, the business rebranded as Wayfair in 2011 and went public in 2014.