|Bid||0.00 x 800|
|Ask||124.35 x 800|
|Day's Range||122.00 - 126.98|
|52 Week Range||55.33 - 151.20|
|Beta (3Y Monthly)||2.16|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||129.52|
As it redesigns its stores, Target is getting back to offering fashion-forward merchandise at decent prices. If it can keep that momentum going, it will help set the company apart from its peers including Walmart, Amazon and Kroger.
Traders Joe Terranova and Jon and Pete Najarian are joined by Sarat Sethi, managing partner at Douglas C. Lane & Associates, and Yana Barton, portfolio manager at Eaton Vance, discuss Wayfair's price target hike at MKM Partners.
The third-quarter numbers from Netflix (NASDAQ:NFLX) were always going to be crucially important to the market. In particular, they were important to FANG stocks and other tech and growth-oriented names. Well, Netflix reported not just good, but great, Q3 numbers, and Netflix stock popped.
Wayfair Inc. , one of the world’s largest online destinations for the home, today announced the launch of MyWay, a new membership program that makes shopping for home easier and more affordable than ever.
NOTE: On October 12, 2018, the press release was corrected as follows: The following was added as the beginning of the company profile paragraph: Headquartered in Union, NJ, Bed Bath & Beyond Inc is a retailer which operates under the names Bed Bath & Beyond, Christmas Tree Shops, Christmas Tree Shops, andThat!, Harmon, Harmon Face Values or Face Values, buybuyBABY and World Market, Cost. Revised release follows. The downgrade reflects an acceleration of the decline in gross margin in the second quarter of FY 2018.
Etsy (ETSY) is a fast-growing online retailer. The company started as a seller of craft and vintage items, but over the years, it added several other categories to its online platform. However, its strength in vintage craft and goods is its main driving force. Having the first mover’s advantage, the company has fended off competition from Amazon’s Handmade service. Also, relatively low seller fees are an added advantage.
There has been just one price revision for Etsy (ETSY) in the last 30 days. On October 2, Keybanc raised the price target to $59.00 from $51.00 earlier. Currently, Etsy’s mean target price is $51.00, which indicates a 30.8% upside to the stock price on October 11.
Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced the launch of Wayfair Spaces, an interior design and room planning app that invites consumers to explore professionally designed rooms and visualize products in their homes at scale through mixed reality. Available on Magic Leap One, Creator Edition, Wayfair Spaces is powered by Magic Leap’s spatial computing platform and will be unveiled on the keynote stage at Magic Leap’s first conference for creators and developers. Availability of Wayfair Spaces follows the launch of Wayfair’s commerce experience on the Helio web browser earlier this year.
Total compensation packages in 2017 ranged from as little as $83,000 to sums in the tens of millions of dollars.
After years of speculation, some mockery, and more than a little befuddlement, the Magic Leap augmented headset is arriving in the hands of developers and users -- and its first product is a somewhat janky piece of magic. The robot battling Dr. Grordbort's Invaders is the clearest vision of what Magic Leap's platform can do.
Wayfair Inc. , the online home retailer, is launching two pop-up stores for the holidays on November 1. The stores, located at Natick Mall in Natick, Ma. and the Westfield Garden State Plaza in Paramus, N.J., will remain open until January 2, 2019. Wayfair shares are down 4.3% in Thursday trading, but up 81% for the past year. The S&P 500 index has gained 14% for the last 12 months.
“For the first time ever, shoppers will be able to step into the world of Wayfair,” said Ed Macri, the company’s chief product and marketing officer, in a statement.
Wayfair Inc. co-founders Niraj Shah and Steven Conine can now count themselves among the wealthiest 400 people in the U.S., according to a ranking published by Forbes on Wednesday. Shah and Conine made the annual Forbes 400 for the first time this year. Massachusetts is now home to at least 13 of the 400 billionaires on the list.
Struggling retailer J.C. Penney (NYSE:JCP) found itself a new CEO, and the market celebrated the news. As such, despite the positive reaction from Wall Street, this news doesn’t make JCP stock a buy. Specifically, after the market closed on Tuesday, Oct. 2, JCP named Jill Soltau as the company’s new CEO.
Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, will launch two holiday pop-up shops on November 1. With locations at the Natick Mall in Natick, Massachusetts and the Westfield Garden State Plaza in Paramus, New Jersey, Wayfair will invite shoppers to explore the unlimited possibilities in home enabled by its flagship e-commerce site. “We are bringing the Wayfair brand directly to shoppers in a completely new format this holiday season,” said Ed Macri, chief product and marketing officer, Wayfair.
Wayfair Inc. , one of the world’s largest online destinations for the home, today announced that it will release financial results for its third quarter ended September 30, 2018 before the opening of the market on November 1, 2018.
Struggling retailer Bed Bath & Beyond (NASDAQ:BBBY) just reported second quarter numbers that confirm that this retailer continues to struggle. Second quarter revenues missed expectations. So did comparable sales, operating profits, and net profits. The full-year guide was also trimmed. BBBY stock dropped big in response.
Wayfair Inc.'s price target was raised to $165 from $140 at Canaccord Genuity as analysts think the online home retailer's investments in delivery operations will yield growth. "Wayfair's extensive build out of its delivery infrastructure brings a number of benefits, including faster and cheaper delivery, lower damage rate, and improved customer experience, all of which drive higher repeat rates and therefore higher customer life-time value," analysts led by Maria Ripps wrote. "The investment cycle that started in 2015 is paying off, with the percentage of orders from repeat customers increasing from ~50% in 2014 to ~65% currently, and direct retail revenue growing at nearly 50% for the last three consecutive quarters." Canaccord analysts cite data showing that nearly 40% of consumers think two-to-three day shipping is acceptable for purchases that aren't urgent, and about 25% prefer same-day or one-day shipping. Wayfair shares are up 2.1% in Friday trading, and up 111% for the last year. The S&P 500 index has gained 16.3% for the past 12 months, and the Amplify Online Retail ETF has gained 43.6% for the period.
Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, marked the 10th anniversary of its multi-lingual European Operations Centre in Galway, Ireland with the announcement of plans to expand its workforce across the country. Through the launch of a virtual workforce to include more than 200 new jobs, Wayfair is reinforcing its longstanding commitment to the region. The company plans to add both virtual and office-based roles in Ireland as it scales its team to keep pace with the rapid growth of its e-commerce business in Europe.
Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today unveiled Greyleigh, a new Wayfair-exclusive brand of furniture and décor delivering sophisticated, sought-after looks and exceptional quality at disruptive prices. With Greyleigh, for the first time ever, discerning shoppers can access the same artisan-inspired furnishings and décor found in high-end galleries and showrooms without the mark-up associated with specialty retailers. “With Greyleigh, we are offering our customers an unprecedented opportunity to furnish their homes in a highly coveted, aspirational style at an attainable price point.
The fading cryptocurrency craze and the underwhelming financial performance of the company’s retail division have kept investors worried. Cryptocurrencies have always been looked at with skepticism by regulatory authorities due to security risks. Overstock is looking to divest its online retail operations to become a blockchain-focused company along with its subsidiaries tZero and Medici Ventures.