Wayfair (W)

• Market cap: $5.73B
• 1 day: 4.50%
• 5 days: -11.27%
• 1 month: 7.80%
• 3 months: -13.49%
• 6 months: -12.58%
• Year to date: -22.23%
• 1 year: -29.34%
• 5 years: -45.58%
• 10 years: 124.34%
• Sector: Consumer Discretionary
• Industry: Catalog & Mail-Order Houses

About: Wayfair engages in e-commerce in the United States (87% of 2023 sales), Canada, the United Kingdom, Germany, and Ireland. It's also 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 Q3 regulatory filings by fund managers ($100M+ AUM)

24% more first-time investments, than exits

New positions opened: 73 | Existing positions closed: 59

4% more funds holding

Funds holding: 329 [Q2] → 343 (+14) [Q3]

4% more call options, than puts

Call options by funds: $847M | Put options by funds: $817M

4% more capital invested

Capital invested by funds: $6.12B [Q2] → $6.33B (+$216M) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 111

5.25% less ownership

Funds ownership: 120.54% [Q2] → 115.29% (-5.25%) [Q3]

24% less funds holding in top 10

Funds holding in top 10: 17 [Q2] → 13 (-4) [Q3]

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $45 2% downside
• Avg. target: $54 19% upside
• High target: $70 53% upside

14 analyst ratings

• positive: 9 64%
• neutral: 5 36%
• negative: 0 0%

Loop Capital Laura Champine 64% 1-year accuracy 16 / 25 met price target	20% upside $55	Hold Maintained	16 Dec 2024
Deutsche Bank Lee Horowitz 80% 1-year accuracy 8 / 10 met price target	1% upside $46	Buy Maintained	4 Nov 2024
RBC Capital Steven Shemesh 68% 1-year accuracy 34 / 50 met price target	9% upside $50	Sector Perform Maintained	4 Nov 2024
Wedbush Seth Basham 72% 1-year accuracy 101 / 141 met price target	2% downside $45	Outperform Maintained	4 Nov 2024
BMO Capital Brian Pitz 76% 1-year accuracy 53 / 70 met price target	9% upside $50	Market Perform Maintained	4 Nov 2024