Wayfair (W)

• Market cap: $3.97B
• 1 day: -5.78%
• 5 days: -8.98%
• 1 month: -34.19%
• 3 months: -40.10%
• 6 months: -33.85%
• Year to date: -32.00%
• 1 year: -51.38%
• 5 years: -19.69%
• 10 years: -3.48%
• Sector: Consumer Discretionary
• Industry: Catalog & Mail-Order Houses

About: Wayfair engages in e-commerce in the United States (88% of 2024 sales), Canada, the United Kingdom, 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 2024, 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: 13,500

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

15% more repeat investments, than reductions

Existing positions increased: 120 | Existing positions reduced: 104

6% more call options, than puts

Call options by funds: $679M | Put options by funds: $638M

9% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 68

3% less funds holding

Funds holding: 344 [Q3] → 332 (-12) [Q4]

6.6% less ownership

Funds ownership: 116.99% [Q3] → 110.39% (-6.6%) [Q4]

24% less capital invested

Capital invested by funds: $6.43B [Q3] → $4.88B (-$1.55B) [Q4]

46% less funds holding in top 10

Funds holding in top 10: 13 [Q3] → 7 (-6) [Q4]

Research analyst outlook

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

• Low target: $43 37% upside
• Avg. target: $52 65% upside
• High target: $68 117% upside

11 analyst ratings

• positive: 6 55%
• neutral: 5 45%
• negative: 0 0%

Guggenheim Steven Forbes 52% 1-year accuracy 12 / 23 met price target	92% upside $60	Buy Reiterated	10 Mar 2025
JP Morgan Christopher Horvers 34% 1-year accuracy 10 / 29 met price target	60% upside $50	Overweight Maintained	10 Mar 2025
Jefferies Jonathan Matuszewski 14% 1-year accuracy 1 / 7 met price target	50% upside $47	Buy Upgraded	7 Mar 2025
RBC Capital Steven Shemesh 59% 1-year accuracy 27 / 46 met price target	37% upside $43	Sector Perform Maintained	24 Feb 2025
BMO Capital Brian Pitz 51% 1-year accuracy 26 / 51 met price target	76% upside $55	Market Perform Maintained	21 Feb 2025