“We compared Way Day prices across a basket of diverse product categories vs. peers, and while W offered steep discounts vs. its everyday prices (-37% median), discounts were slightly less compelling (21% median; 15% avg.) vs. brick-and-mortar peers on like-for-like items. Looking at specific competitors, median Way Day prices were 39%/23% lower vs. BBBY/HOME compared to everyday price premiums of 4%/32%; Way Day pricing vs. WMT was 5% lower vs. an everyday price premium of 57%. Across the products we reviewed, Way Day prices beat all 6 competitors examined on 40% of the items surveyed, while WMT/BBBY/TGT were the lowest price 25%/20%/15% of the time.”
According to TipRanks.com, Fadem is a 5-star analyst with an average return of 15.7% and a 71.3% success rate. Fadem covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Floor & Decor Holdings Inc, and Advance Auto Parts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wayfair Inc with a $157.12 average price target.
The company has a one-year high of $173.72 and a one-year low of $60.53. Currently, Wayfair Inc has an average volume of 2.14M.
Based on the recent corporate insider activity of 289 insiders, corporate insider sentiment is negative on the stock.
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Wayfair, Inc. engages in an online home furnishing store. It offers a selection of home furnishings and decor across all styles and price points. It operates through the U.S. and International segments.