In today’s session Wayfair Inc (W) recorded an unusually high (200) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious W decrease. With 200 contracts traded and 10714 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: W161118P00035000 closed last at: $3.8 or 11.8% up. About 229,654 shares traded hands. Wayfair Inc (NYSE:W) has declined 18.27% since March 30, 2016 and is downtrending. It has underperformed by 21.28% the S&P500.
Analysts await Wayfair Inc (NYSE:W) to report earnings on November, 8. They expect $-0.77 EPS, down 250.00% or $0.55 from last year’s $-0.22 per share. After $-0.57 actual EPS reported by Wayfair Inc for the previous quarter, Wall Street now forecasts 35.09% negative EPS growth.
Wayfair Inc (NYSE:W) Ratings Coverage
Out of 18 analysts covering Wayfair LLC (NYSE:W), 8 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 44% are positive. Wayfair LLC has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The stock of Wayfair Inc (NYSE:W) has “Hold” rating given on Wednesday, August 19 by Zacks. The company was initiated on Friday, July 31 by Evercore. The company was initiated on Monday, April 11 by Buckingham Research. The rating was initiated by JP Morgan on Monday, April 25 with “Neutral”. The firm has “Sector Weight” rating by Pacific Crest given on Tuesday, December 8. The firm earned “Negative” rating on Friday, October 2 by OTR. Goldman Sachs upgraded the shares of W in a report on Thursday, February 4 to “Buy” rating. The firm earned “Outperform” rating on Wednesday, August 10 by Wedbush. The company was initiated on Tuesday, December 22 by Suntrust Robinson. Robert W. Baird initiated the shares of W in a report on Thursday, January 7 with “Neutral” rating.
According to Zacks Investment Research, “Wayfair Inc. engages in the e-commerce business. It offers bedroom, living room, kitchen and dining, home entertainment, home office, game room and bar, patio, hallway and entryway, and bathroom furniture. The Company operates under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It offers products and services primarily in the United States. Wayfair LLC is headquartered in Boston, Massachusetts.”
Insitutional Activity: The institutional sentiment increased to 1.43 in Q2 2016. Its up 0.30, from 1.13 in 2016Q1. The ratio is positive, as 31 funds sold all Wayfair Inc shares owned while 32 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 59.77 million shares or 11.15% more from 53.78 million shares in 2016Q1.
Guggenheim Ltd Liability accumulated 0% or 7,209 shares. Steadfast Capital Mngmt Ltd Partnership, a New York-based fund reported 2.57M shares. Metropolitan Life Ins Ny has invested 0.01% of its portfolio in Wayfair Inc (NYSE:W). Citadel Limited Liability Company has 0.01% invested in the company for 243,387 shares. Harbourvest Prtn Ltd Liability Com owns 3.78M shares or 71.06% of their US portfolio. Deutsche National Bank & Trust Ag has invested 0% of its portfolio in Wayfair Inc (NYSE:W). Blackrock Grp Ltd has 0% invested in the company for 9,469 shares. Royal Bank & Trust Of Canada accumulated 142,824 shares or 0% of the stock. J Goldman & L P has 55,800 shares for 0.11% of their US portfolio. Manufacturers Life Insur Company The last reported 22,750 shares in the company. Great West Life Assurance Can holds 0% or 3,200 shares in its portfolio. Tremblant Cap Group accumulated 505,061 shares or 1.14% of the stock. Contour Asset Lc, a New York-based fund reported 936,182 shares. Eminence Capital Lp holds 0.43% or 538,614 shares in its portfolio. Blackrock Institutional Trust Na has 666,883 shares for 0% of their US portfolio.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 131 insider sales for $70.41 million net activity. On Wednesday, June 15 Savarese James sold $18,585 worth of the stock or 500 shares. Conine Steven had sold 12,000 shares worth $574,200 on Monday, August 8. Another trade for 500,000 shares valued at $19.12 million was made by Kumin Michael Andrew on Monday, August 29. $59,977 worth of shares were sold by Macri Edmond on Monday, August 15. Shah Niraj sold $496,440 worth of stock or 12,000 shares. Shares for $100,957 were sold by Oblak Steve. 400 shares with value of $15,300 were sold by Malone Nicholas on Sunday, May 15.
Wayfair Inc. offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The company has a market cap of $2.80 billion. The Firm offers a range of furniture, home furnishings, decor and goods. It currently has negative earnings. Wayfair produces editorial content both in-house and through third parties.
W Company Profile
Wayfair Inc. (Wayfair), incorporated on August 8, 2014, which offers browsing, merchandising, product discovery and prices for a range of products from suppliers across various brands, including Wayfair.com, Joss & Main, AllModern, DwellStudio and Birch Lane. The Firm offers a range of furniture, home furnishings, decor and goods. Wayfair produces editorial content both in-house and through third parties. The Firm offers its suppliers a real-time view of its demand and inventory needs via data and analytics.
More news for Wayfair Inc (NYSE:W) were recently published by: Wsj.com, which released: “Why Wayfair Inc. Thinks It Can Be the Amazon of Furniture” on October 03, 2016. Businesswire.com‘s article titled: “Wayfair Partners with Affirm to Offer Shoppers More Accessible Financing Option” and published on October 27, 2016 is yet another important article.
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