Wayfair
About: Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. It's recently embarked on expansion into the brick-and-mortar landscape, with a handful of stores between the AllModern, Birch Lane, Joss & Main, and Wayfair banners. At the end of 2023, the firm offered more than 30 million products from more than 20,000 suppliers under the brands Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold. Its offerings include furniture, everyday and seasonal decor, decorative accents, housewares, and other home goods. Wayfair was founded in 2002 and began trading publicly in 2014.
Employees: 14,400
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
60% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 85
55% more funds holding in top 10
Funds holding in top 10: 11 [Q1] → 17 (+6) [Q2]
19% more call options, than puts
Call options by funds: $903M | Put options by funds: $761M
0.58% more ownership
Funds ownership: 118.08% [Q1] → 118.66% (+0.58%) [Q2]
8% less funds holding
Funds holding: 356 [Q1] → 329 (-27) [Q2]
21% less capital invested
Capital invested by funds: $7.58B [Q1] → $6.02B (-$1.56B) [Q2]
36% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 76
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Guggenheim Steven Forbes 57% 1-year accuracy 8 / 14 met price target | 50%upside $70 | Buy Reiterated | 26 Sept 2024 |
Loop Capital Laura Champine 62% 1-year accuracy 13 / 21 met price target | 18%upside $55 | Hold Maintained | 26 Sept 2024 |
Barclays Adrienne Yih 49% 1-year accuracy 20 / 41 met price target | 9%upside $51 | Equal-Weight Maintained | 5 Aug 2024 |
JP Morgan Christopher Horvers 80% 1-year accuracy 20 / 25 met price target | 35%upside $63 | Overweight Maintained | 2 Aug 2024 |
RBC Capital Steven Shemesh 76% 1-year accuracy 32 / 42 met price target | 14%upside $53 | Sector Perform Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 11 articles about W published over the past 30 days
