Streetbeat News

Wayfair Inc.

https://www.wayfair.com

Industry

Specialty Retail

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

Open

40.09

Mkt cap

Volume

5.3M

High

42.07

P/E Ratio

-8.92

52-wk high

76.17

Low

39.34

Div yield

N/A

52-wk low

37.60

Wayfair faces challenges with declining U.S. sales and potential tariffs, leading to a rating downgrade to neutral. Q3 revenue fell 2% year-over-year, with gross margins dropping to 30.3% due to increased promotions.

Portfolio Pulse from

November 07, 2024 | 1:15 pm

Wayfair's stock fell by 24% in October due to the impact of rising interest rates.

Portfolio Pulse from

November 07, 2024 | 12:30 am

Wayfair's stock has dropped 88% following a disappointing earnings report, but there is potential for recovery by 2025.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

Wayfair's fundamentals are strong despite near-term challenges. The company is gaining market share in the online furniture market, indicating a strong competitive position. With continued execution of its growth strategy and an improving macro environment, Wayfair's stock has potential for significant outperformance.

Portfolio Pulse from

November 05, 2024 | 12:30 pm

The article highlights unusual options activity for several consumer discretionary stocks, indicating potential trading opportunities. Notable mentions include bullish call options for Alibaba (BABA) and Lululemon (LULU), bearish put options for XPeng (XPEV), and bearish call options for Starbucks (SBUX).

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 5:37 pm

Wayfair's Q3 results show an earnings beat but a decline in sales and customer base. Despite adjusted earnings per share of 22 cents surpassing expectations, shares fell due to a 2% sales decline and a decrease in active customers. Analyst maintains a Buy rating with a $60 price target.

Portfolio Pulse from Nabaparna Bhattacharya

November 01, 2024 | 3:24 pm

Wayfair executives have indicated that they expect to end the fourth quarter with a revenue decline in the low single-digit range. This information was shared during a conference call.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:50 pm

Several consumer discretionary stocks experienced significant movements in Friday's pre-market session. Wayfair and Amazon saw notable gains following their Q3 earnings reports, while BJ's Restaurants experienced a decline after its earnings release.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 12:12 pm

Several consumer discretionary stocks experienced significant movements in Friday's pre-market session. Wayfair, Phoenix Motor, Fly-E Group, Amazon, Canoo, and Tokyo Lifestyle saw gains, while Visionary Holdings, Ambow Education, Hall Of Fame Resort, Lead Real Estate, BJ's Restaurants, and J-Long Group experienced declines. Notably, Wayfair and Amazon reported Q3 earnings, and BJ's Restaurants also released earnings.

Portfolio Pulse from Benzinga Insights

November 01, 2024 | 12:11 pm

Needham analyst Bernie McTernan has reiterated a Buy rating on Wayfair (NYSE:W) and maintained a $60 price target.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 11:52 am

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