W - Wayfair Inc.

NYSE - NYSE Delayed price. Currency in USD
132.71
-1.12 (-0.84%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous close133.83
Open133.54
Bid132.84 x 900
Ask132.97 x 800
Day's range131.26 - 135.38
52-week range76.60 - 173.72
Volume1,439,959
Avg. volume1,900,111
Market cap12.254B
Beta (3Y monthly)2.48
PE ratio (TTM)N/A
EPS (TTM)-7.47
Earnings date30 Oct 2019 - 4 Nov 2019
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est157.00
Trade prices are not sourced from all markets
  • At Home CEO’s Gut Check Prompts ‘Revisit’ of Whole Business
    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.

  • Is Now The Time To Look At Buying Wayfair Inc. (NYSE:W)?
    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...

  • Why Wayfair Stock Plunged 14% in August
    Motley Fool

    Why Wayfair Stock Plunged 14% in August

    Investors soured on the home goods seller after management issued disappointing guidance.

  • 3 Top E-Commerce Stocks to Buy Right Now
    Motley Fool

    3 Top E-Commerce Stocks to Buy Right Now

    These companies are still firing on all cylinders as the market frets over macro headwinds.

  • Zacks

    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.

  • Wayfair Stock: High Risks Despite its Impressive Revenue Growth
    Motley Fool

    Wayfair Stock: High Risks Despite its Impressive Revenue Growth

    Significant cash burn, increasing debt load, and strong competition form a scary investment proposition.

  • 3 Top Growth Stocks to Buy in the Final Month of Summer
    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.

  • Wayfair (W) Prices $825M Senior Notes in Private Offering
    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.

  • 3 Growth Stocks for In-the-Know Investors
    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.

  • Company News For Aug 15, 2019
    Zacks

    Company News For Aug 15, 2019

    Companies In The News Are: W,M,CAE,MYL

  • 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.

  • Why Wayfair's Stock Closed 10.4% Lower Today
    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.

  • Wayfair Delivers Stellar Revenue Growth, but Investors Aren't Impressed
    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.

  • Why Wayfair Stock Lost 10% in July
    Motley Fool

    Why Wayfair Stock Lost 10% in July

    Accelerating losses have investors worried about this high-growth stock.

  • Wayfair Breaks Down Its Conservative Outlook
    Motley Fool

    Wayfair Breaks Down Its Conservative Outlook

    In its latest earnings report, the home furnishings specialist projected spiking costs and slowing growth ahead.

  • Wayfair (W) Q2 Loss Narrower Than Anticipated, Revenues Beat
    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.

  • Wayfair Earnings: 3 Big Takeaways
    Motley Fool

    Wayfair Earnings: 3 Big Takeaways

    The e-commerce specialist notched a few key wins in the second quarter.

  • Wayfair Inc (W) Q2 2019 Earnings Call Transcript
    Motley Fool

    Wayfair Inc (W) Q2 2019 Earnings Call Transcript

    W earnings call for the period ending June 30, 2019.

  • Wayfair's Torrid Growth Continues; So Do Mounting Losses
    Motley Fool

    Wayfair's Torrid Growth Continues; So Do Mounting Losses

    Here's why Wayfair has lost so much money this year.

  • Wayfair Beats Revenue Forecasts, Q3 Outlook Disappoints
    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.

  • Wayfair (W) Reports Q2 Loss, Tops Revenue Estimates
    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?

  • Is Wayfair (NYSE:W) Using Debt Sensibly?
    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...

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