Wayfair Inc. $W Shares Purchased by Wolf Hill Capital Management LP

Wolf Hill Capital Management LP grew its stake in Wayfair Inc. (NYSE:W) by 62.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,273,004 shares of the company’s stock after purchasing an additional 489,404 shares during the period. Wayfair makes up approximately 14.1% of Wolf Hill Capital Management LP’s holdings, making the stock its 2nd largest holding. Wolf Hill Capital Management LP’s holdings in Wayfair were worth $127,822,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC grew its stake in shares of Wayfair by 4.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,232 shares of the company’s stock valued at $1,429,000 after purchasing an additional 580 shares during the period. Verition Fund Management LLC grew its stake in shares of Wayfair by 23.5% in the 4th quarter. Verition Fund Management LLC now owns 119,243 shares of the company’s stock valued at $11,973,000 after purchasing an additional 22,697 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Wayfair in the 4th quarter valued at approximately $15,417,000. Mariner LLC grew its stake in shares of Wayfair by 94.6% in the 4th quarter. Mariner LLC now owns 42,011 shares of the company’s stock valued at $4,221,000 after purchasing an additional 20,419 shares during the period. Finally, Focus Partners Wealth grew its stake in shares of Wayfair by 272.0% in the 4th quarter. Focus Partners Wealth now owns 24,043 shares of the company’s stock valued at $2,414,000 after purchasing an additional 17,580 shares during the period. 89.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Jon Blotner sold 4,790 shares of the firm’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $72.19, for a total transaction of $345,790.10. Following the sale, the insider owned 111,158 shares of the company’s stock, valued at approximately $8,024,496.02. This trade represents a 4.13% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven Conine sold 112,861 shares of Wayfair stock in a transaction dated 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 sale, the director directly owned 436,212 shares in the company, valued at $33,806,430. This represents a 20.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 463,785 shares of company stock valued at $35,864,224 in the last 90 days. 18.44% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on W. The Goldman Sachs Group set a $79.00 price objective on Wayfair in a research note on Friday, May 1st. Stifel Nicolaus lowered their price objective on Wayfair from $100.00 to $89.00 and set a “hold” rating on the stock in a research note on Friday, February 20th. Guggenheim reiterated a “buy” rating and issued a $100.00 price objective on shares of Wayfair in a research note on Wednesday, May 20th. Truist Financial set a $99.00 price objective on Wayfair in a research note on Monday, June 8th. Finally, UBS Group lowered their price objective on Wayfair from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.68.

Wayfair Stock Performance

Shares of NYSE:W opened at $77.37 on Monday. Wayfair Inc. has a twelve month low of $45.46 and a twelve month high of $119.98. The firm has a market cap of $10.21 billion, a PE ratio of -33.06, a price-to-earnings-growth ratio of 4.08 and a beta of 3.02. The business has a fifty day moving average of $70.55 and a 200-day moving average of $85.55.

Wayfair (NYSE:W) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.89 billion. Wayfair had a negative return on equity of 2.20% and a negative net margin of 2.41%.The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. On average, analysts anticipate that Wayfair Inc. will post 0.63 EPS for the current fiscal year.

Wayfair Profile

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.