Streetbeat News

W

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

5B

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 (NYSE:W) is scheduled to release its quarterly earnings report on February 22, 2024, with an expected EPS of $-0.15. Analysts and investors are keen on whether Wayfair will surpass this estimate and provide positive guidance for the next quarter. Historical data shows Wayfair's stock price reacts to both earnings outcomes and forward-looking statements. Last quarter, Wayfair exceeded EPS estimates by $0.35, leading to a 5.21% stock price increase the following day. Over the past year, Wayfair shares have risen by 29.43%, indicating a generally positive trend for long-term investors.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:01 pm

Wedbush analyst Seth Basham has reiterated an Outperform rating on Wayfair (NYSE:W), maintaining a $70 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 2:26 pm

Raymond James analyst Bobby Griffin upgrades Wayfair (NYSE:W) from Market Perform to Strong Buy and sets a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 11:12 am

Shares of retail and apparel companies including BBY, BIRK, CRMT, CVNA, EXPR, FND, HD, KMX, PLCE, RH, SNBR, TBLT, VFC, VSCO, and W are trading lower following January CPI data indicating a higher-than-expected inflation rise.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 8:50 pm

Insiders at TD SYNNEX, BurgerFi International, Berkshire Hills Bancorp, and Wayfair have recently sold shares. TD SYNNEX's CEO sold shares amid a secondary public offering and share repurchase. BurgerFi International's major owner sold shares following a preliminary revenue announcement. A director at Berkshire Hills Bancorp sold shares after an analyst upgrade. Wayfair's director sold shares amidst a workforce realignment plan.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 6:38 pm

Truist Securities analyst Youssef Squali has maintained a Buy rating on Wayfair (NYSE:W) and increased the price target from $67 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:14 pm

Wayfair's stock price has increased following the announcement of a workforce realignment plan last week.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:18 pm

U.S. stocks traded higher on Monday, with notable gains in several companies. NuStar Energy L.P. (NS) surged after Sunoco's acquisition announcement. Other stocks like Sagimet Biosciences (SGMT), Rumble (RUM), Digital World Acquisition Corp (DWAC), and Fastly (FSLY) also saw significant increases due to various positive news, including clinical trial results, partnerships, and analyst upgrades.

Portfolio Pulse from Avi Kapoor

January 22, 2024 | 3:45 pm

The S&P 500 and Nasdaq hit new all-time highs, with the S&P 500 reaching 4,819 points and the Nasdaq 100 surpassing 17,000 points. The surge is attributed to AI-driven stocks and strong chipmaker performance, with the VanEck Semiconductor ETF (SMH) up significantly. Consumer confidence reports exceeded expectations, and despite mixed signals from Fed officials, the market did not react negatively. Treasury yields rose, and major ETFs like SPY, DIA, and QQQ also saw gains. Sector-wise, XLK outperformed while XLU lagged. Notable stock movers included PayPal (PYPL), Broadcom (AVGO), QUALCOMM (QCOM), Texas Instruments (TXN), Lam Research (LRCX), Ally Financial (ALLY), Wayfair (W), and Celsius Holdings (CELH).

Portfolio Pulse from Piero Cingari

January 19, 2024 | 6:30 pm

TransCode Therapeutics, Inc. (RNAZ) shares fell by over 24% after pricing a common stock offering at $1.22 per share. Other stocks moved in Friday's mid-day session with notable gainers including Charge Enterprises (CRGE), Kaman Corporation (KAMN), and Mesa Air Group (MESA), among others. Losers included C3is Inc. (CISS), Azitra, Inc. (AZTR), and iRobot Corporation (IRBT). The market also reacted to various company announcements such as acquisitions, earnings reports, and analyst upgrades or downgrades.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 6:05 pm

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