W - Wayfair Inc.
| Previous close | 132.71 |
| Open | 130.32 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 800 |
| Day's range | 129.19 - 133.76 |
| 52-week range | 76.60 - 173.72 |
| Volume | 1,029,535 |
| Avg. volume | 1,900,136 |
| Market cap | 12.342B |
| Beta (3Y monthly) | 2.48 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -7.47 |
| Earnings date | 30 Oct 2019 - 4 Nov 2019 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 157.00 |
- Bloomberg
At Home CEO’s Gut Check Prompts ‘Revisit’ of Whole Business
(Bloomberg) -- After Lee Bird witnessed At Home Group Inc. lose half its market value in one day this June, the chief executive officer decided to reconsider everything.“This past 90 days has been a revisit of our whole business,” Bird said in an interview. “We obviously lost the faith of our investors.”In response, the home-goods retailer pulled back on its ambitious store-opening plans and revamped marketing to tout what it claims are the lowest prices in the industry. And after staying out of the e-commerce fray because the cost of implementation and shipping could hamper profit, the company now plans a full online offering by 2022.The efforts come none too soon, as a shakeout in retail has left legacy chains struggling to survive the arrival of digital-first competitors like Amazon.com Inc. and Wayfair Inc. Consumers at all income levels are also more discount-oriented, using the internet to seek out deals. At Home appeared immune to these woes until June 6 when weak sales and increased costs from President Trump’s tariffs on Chinese goods led to a cut in its earnings forecast that hammered the stock.“A long list of little things have gone against the company,” said Brad Thomas, an analyst at KeyBanc Capital Markets. “A few have been company specific, but it’s more about housing slowing down about a year ago.”At Home also had little room for error, with its valuation soaring after revenue gained an average 23% annually over the past three years. But investors bolted after the company’s same-store sales fell the past two quarters -- the first declines since going public three years ago. The company’s earnings have also missed analysts’ projections twice in the past three quarters.“It’s hard, but I get paid a lot of money so no one is going to tear up for me,” said Bird, who bought $500,000 worth of shares on Monday.The stock had declined 54% this year through Tuesday’s close. Just a year ago, the retailer sold additional stock to the public for $33.20 a share. The shares climbed as much as 7% to $9.16 on Wednesday, their fourth straight daily gain. The increase in value-driven shoppers should put At Home in a solid position. Much like Costco Wholesale Corp., the chain has a low-cost operating model -- it opens stores cheaply in locations vacated by the likes of Sears and about 70% of its inventory is private label or exclusive.Pricing ModelThat helps the retailer keep prices low, but not enough shoppers were getting the message because of “all the noise” on discounts and deals coming from competitors, Bird said. At Home uses a pricing model of everyday low prices -- a strategy popularized by Walmart Inc. that eschews promotions and instead tries to convince shoppers of constant value. Meanwhile, most retailers employ a model of high introductory prices and then discounts.“The average American is not aware that At Home is a low-price leader,” KeyBanc’s Thomas said.To help remedy this, At Home for the first time is running regular shopping events every two weeks, often tied to seasonal events. There’s currently a focus on fall decor on its website and in stores. A year ago, the chain would have been highlighting a few specific deals, but not a whole category. Early results are that it’s lifted sales, Bird said.Besides opening stores, revenue gains will also come from its first push online, he said. In the fourth quarter, the company will test letting customers buy items online and picking them up at stores. If all goes well, more locations will be added next year, with the goal of shipping purchases to customer’s homes from locations by 2022, he said.Despite the turmoil, the company still sees growing to 600 stores from 200 in the U.S. But it will get there at a slower pace, expanding 10% a year, down from a current rate of 17%. That means it would take more than a decade to reach that goal.“We know we have a huge white space in front of us,” Bird said. “I feel good about the adjustments we’ve made.”(Updates with share trading Wednesday in eighth paragraph. A previous version was corrected to show about 70% of inventory is private label or exclusive.)To contact the reporter on this story: Matt Townsend in New York at mtownsend9@bloomberg.netTo contact the editors responsible for this story: Anne Riley Moffat at ariley17@bloomberg.net, Lisa Wolfson, Jonathan RoederFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.
Is Now The Time To Look At Buying Wayfair Inc. (NYSE:W)?
Today we're going to take a look at the well-established Wayfair Inc. (NYSE:W). The company's stock saw a double-digit...
- Motley Fool
Why Wayfair Stock Plunged 14% in August
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- Motley Fool
3 Top E-Commerce Stocks to Buy Right Now
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Why Is Wayfair (W) Down 13% Since Last Earnings Report?
Wayfair (W) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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Wayfair Stock: High Risks Despite its Impressive Revenue Growth
Significant cash burn, increasing debt load, and strong competition form a scary investment proposition.
- Motley Fool
3 Top Growth Stocks to Buy in the Final Month of Summer
The dog days of summer are finally behind us (on the calendar, anyway), but these three stocks offer sizzling growth potential.
- Business Wire
Wayfair to Participate in the Citi 2019 Global Technology Conference
Wayfair , one of the world’s largest online destinations for the home, today announced that Steve Conine, co-founder and co-chairman, and Michael Fleisher, chief financial officer, will present at the Citi 2019 Global Technology Conference.
- Business Wire
Wayfair to Participate in the Goldman Sachs 26th Annual Global Retailing Conference
Wayfair , one of the world’s largest online destinations for the home, today announced that Niraj Shah, CEO, co-founder and co-chairman, will present at the Goldman Sachs 26th Annual Global Retailing Conference at the Grand Hyatt New York Hotel in New York City.
- Zacks
Wayfair (W) Prices $825M Senior Notes in Private Offering
Wayfair (W) announces the pricing of $825 million convertible senior notes offering. The move is likely to help the company bring down its cost of capital, thereby strengthening the balance sheet.
- Motley Fool
3 Growth Stocks for In-the-Know Investors
Investors looking to grow their nest egg should give these three stocks a closer look.
- Business Wire
Wayfair Inc. Prices Offering of $825 Million Convertible Senior Notes
Wayfair Inc. (NYSE:W) (the “Company,” “we” or “Wayfair”) announced today the pricing of $825 million aggregate principal amount of 1.00% convertible senior notes due 2026 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced offering of $750 million aggregate principal amount of notes. In connection with the offering, the Company granted the initial purchasers an option to purchase, within a 13-day period beginning on, and including, the initial issuance date of the notes, up to an additional $123.75 million aggregate principal amount of notes.
- Motley Fool
Why Wayfair's Stock Closed 10.4% Lower Today
Market makers didn't like the e-commerce specialist's plan to raise $750 million of cash in a new debt offering.
- Business Wire
Wayfair Inc. Announces Proposed Offering of $750 Million Convertible Senior Notes
Wayfair Inc. (NYSE:W) (the “Company,” “we” or “Wayfair”) announced today that it intends to offer, subject to market conditions and other factors, $750 million aggregate principal amount of convertible senior notes due 2026 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the offering, the Company expects to grant the initial purchasers an option to purchase, within a 13-day period beginning on, and including, the initial issuance date of the notes, up to an additional $112.5 million aggregate principal amount of notes. The Company may not redeem the notes prior to August 20, 2023.
- Motley Fool
Wayfair Delivers Stellar Revenue Growth, but Investors Aren't Impressed
The home goods seller is in a tug-of-war between investors who are looking for more profitability in the short term and a management team that is investing for long-term growth.
- Motley Fool
Why Wayfair Stock Lost 10% in July
Accelerating losses have investors worried about this high-growth stock.
- Motley Fool
Wayfair Breaks Down Its Conservative Outlook
In its latest earnings report, the home furnishings specialist projected spiking costs and slowing growth ahead.
- Zacks
Wayfair (W) Q2 Loss Narrower Than Anticipated, Revenues Beat
Wayfair's (W) second-quarter revenues are driven by strong direct retail business across international regions.
- Motley Fool
Wayfair Earnings: 3 Big Takeaways
The e-commerce specialist notched a few key wins in the second quarter.
Motley FoolWayfair Inc (W) Q2 2019 Earnings Call Transcript
W earnings call for the period ending June 30, 2019.
- Motley Fool
Wayfair's Torrid Growth Continues; So Do Mounting Losses
Here's why Wayfair has lost so much money this year.
- Market Realist
Wayfair Beats Revenue Forecasts, Q3 Outlook Disappoints
Wayfair (W) reported better-than-expected revenue for the second quarter of 2019 today—but its disappointing outlook could be a concern.
- Zacks
Wayfair (W) Reports Q2 Loss, Tops Revenue Estimates
Wayfair (W) delivered earnings and revenue surprises of 0.74% and 3.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- Simply Wall St.
Is Wayfair (NYSE:W) Using Debt Sensibly?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
