Wayfair Inc (W) Gets a Hold Rating from Wells Fargo

Wells Fargo analyst Zachary Fadem maintained a Hold rating on Wayfair Inc (WResearch Report) today and set a price target of $145. The company’s shares closed on Friday at $147.23.

Fadem said:

“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.

See today’s analyst top recommended stocks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.