W - Wayfair Inc.

NYSE - NYSE Delayed Price. Currency in USD
+0.30 (+0.37%)
At close: 4:03PM EST
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Previous Close82.16
Bid0.00 x 1400
Ask104.00 x 900
Day's Range80.56 - 84.09
52 Week Range78.61 - 173.72
Avg. Volume1,988,718
Market Cap7.68B
Beta (5Y Monthly)1.78
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • MarketWatch

    Wayfair stock sinks 8% after 550 job cuts announced

    Wayfair Inc. stock sank 8.5% in Thursday trading after the e-commerce home design retailer said in a statement that it has cut about 3% of its global workforce, or about 550 jobs, as part of a restructuring. The cuts are part of ongoing evaluations for efficiencies, the company said in a statement. Wayfair also says that it continues to hire for many roles. According to its most recent earnings report, Wayfair had more than 16,000 employees across North America and Europe. Wayfair also said that its wider-than-expected losses in that last earnings report were due to tariffs, which some analysts pushed back against. "A slowdown in growth was attributed to the impact of tariffs, but we are increasingly concerned that growth may be entering a more mature phase," said KeyBanc Capital Markets at the time. Wayfair stock is down 27% over the last year while the S&P 500 index is up 22.6% for the period.

  • Wayfair cuts 350 jobs at its Boston headquarters
    American City Business Journals

    Wayfair cuts 350 jobs at its Boston headquarters

    In total, 3% of the company's workforce was cut on Thursday. The company has more than 17,000 employees worldwide, and over 4,000 in its Boston's headquarters in Copley Place.

  • Battery Ventures raises $2B for two funds, adds Boston-based partner
    American City Business Journals

    Battery Ventures raises $2B for two funds, adds Boston-based partner

    As Battery did for its recent fundraises, the new cash is actually spread across two investment funds — an $1.2 billion main fund and a $800 million "side" fund. The gender ratio among general partners at Battery remained unchanged since 2018, when the company closed $1.25 billion.

  • Moody's

    Bed Bath & Beyond Inc. -- Moody's downgrades Bed Bath sr unsecured rating to Ba2; assigns Ba2 CFR

    Rating Action: Moody's downgrades Bed Bath sr unsecured rating to Ba2; assigns Ba2 CFR. Global Credit Research- 30 Jan 2020. New York, January 30, 2020-- Moody's Investors Service downgraded Bed Bath& ...

  • It’s High Time to Hop Off The Nio Train

    It’s High Time to Hop Off The Nio Train

    According to a Jan. 17 SEC filing, UK investment management firm Baillie Gifford has increased its stake in Nio (NYSE:NIO), the up-and-coming Chinese electric vehicle manufacturer. It now owns 101.4 million American Depositary Shares or 13.1% of Nio stock.Source: xiaorui / Shutterstock.com At this time last year, Baillie Gifford owned 11% of NIO. Already the company's largest shareholder, the fact that it's increased its stake by 19% in just one year suggests Baillie Gifford has a good feeling about Nio's future.However, when you consider that Nio shares were trading at $6.37 at the end of 2018 -- for a company value of $540 million based on 84.9 million shares -- and a year later are trading 25% lower, with an increased 101.4 million shares worth just $485 million, Baillie Gifford's clients better pray the company's $1 billion in funding isn't just a bad rumor.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut just because one of the UK's preeminent investors likes the company doesn't mean it's all aboard the Nio train, despite momentum gains in 2020 -- 10 days of positive gains versus just four negative days. * Invest in America's Most Trusted Brands With These 7 Stocks to Buy Trading at an eight-month high, Nio is at a crossroads. Will it move higher in the next 6-12 months, or fall back below $3 where it traded for most of last fall? Nio Stock Pushes Through to $10InvestorPlace contributor Chris Lau recently wrote an article entitled "It's a Tough But Winnable Battle for Nio Stock to Reach $10 Again."Chris points out that although analysts don't see $10 within the next 12 months -- the average price target is $6.88 -- but he does point out that Simply Wall Street believes Nio is worth more than $10 based on future cash flow.Furthermore, should Nio secure its much-needed $1 billion in funding to keep the lights on at the company, it could keep moving higher in 2020 as investors gain more confidence that it will still be producing vehicles come this time next year.Confidence, even if just an illusion, can do wonders for a company's stock price. Just look at Wayfair (NYSE:W): it loses money by the boatload, and yet stock has nicely recovered from November lows.Understandably, investors don't seem to value money losers in quite the same way as businesses that historically have been consistently profitable.Add this to the fact that the company's third-quarter results were better on both the top- and bottom-line and you have the making of a 2020 turnaround.But only if it gets the funding. It Heads Back to $3A recent report surfaced that suggested Nio will build 200 brick-and-mortar stores in 2020. Some will be Nio Houses, while others will be smaller Nio Spaces. Whatever physical outlets the company opens, I have to wonder if this is an example of a business writing checks it likely can't cash.In the first three quarters of fiscal 2019, Nio's cash has dropped from $1.1 billion in Q1 2019 to $503.4 million in Q2 2019 to $274.3 million in Q3 2019. While the company expects to generate revenue of $393 million in the fourth quarter, the red ink will drive its cash balances even lower.If it doesn't get the $1 billion in funding the company is looking for by the end of March, the lights at Nio might go out permanently, something I alluded to in November:"The fact is, Nio's Altman Z-Score, a predictor of future bankruptcy, is -4.45 at the current moment. That's nowhere near where it needs to be to give investors a warm, fuzzy feeling. I wish I had better news for shareholders of Nio stock. But you can't put lipstick on a pig. As Don Merideth used to sing on ABC's Monday Night Football, 'Turn out the lights, the party's over!'"Several other InvestorPlace contributors have also expressed their concerns about Nio's cash situation. Where there's smoke, there's fire. Earnings might have been better than expected in the third quarter, but they still weren't close to making a non-GAAP profit.Nio stock has come a long way since the beginning of October, when it traded at a 52-week low of $1.19.From where I sit, the low-hanging fruit has already been picked. To push your luck and hold indefinitely, will reap unfortunate consequences over the remainder of 2020.If you've made decent money on Nio over the past 3-4 months, I would suggest taking profits. If you don't own Nio, now is not the time to start. The risks -- its Altman Z-score is still -4.51 -- are just too darn high.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks on the Move Thanks to the Davos World Economic Forum * Invest in America's Most Trusted Brands With These 7 Stocks to Buy * 7 Earnings Reports to Watch Next Week The post It's High Time to Hop Off The Nio Train appeared first on InvestorPlace.

  • Dental startup Virtudent says CEO and co-founder has left the company
    American City Business Journals

    Dental startup Virtudent says CEO and co-founder has left the company

    The Boston-based dental tech firm is currently on the hunt for a new chief executive after its longtime founder and former CEO left the company.

  • Mass. employers earn high marks in LGBTQ-friendly workplace index
    American City Business Journals

    Mass. employers earn high marks in LGBTQ-friendly workplace index

    Dozens of Massachusetts companies were among top-scoring employers for LGBTQ-inclusive workplace policies.

  • If You Had Bought Wayfair (NYSE:W) Stock Five Years Ago, You Could Pocket A 434% Gain Today
    Simply Wall St.

    If You Had Bought Wayfair (NYSE:W) Stock Five Years Ago, You Could Pocket A 434% Gain Today

    Buying shares in the best businesses can build meaningful wealth for you and your family. While the best companies are...

  • Wayfair Stock Is Facing Trouble in Its Core Market

    Wayfair Stock Is Facing Trouble in Its Core Market

    Who knew furniture sales can be so exciting? Yet that's the perfect word to describe shares of furniture and home-goods e-commerce specialist Wayfair (NYSE:W). Early in 2019, I was on both sides of the investment thesis of Wayfair stock. Almost a year later, how should prospective buyers approach this wild entity?Source: Jonathan Weiss / Shutterstock.com First, a little personal history with these shares. Near the beginning of last year, I suggested that investors take a crack at Wayfair stock. Although the underlying company had some fiscal issues - namely, that it wasn't turning a profit - Wayfair was essentially the Amazon (NASDAQ:AMZN) of the home furnishings market.However, shares roared to unbelievable heights. While Wayfair was carving out a nice niche for itself, that alone didn't justify its mercurial rise. Furthermore, net income losses continued to widen, which didn't bode well for sustainability.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTherefore, I gave what I felt was the only reasonable idea, which was to lock in profits on Wayfair stock. For those that missed the initial run up, I suggested waiting. And I'm glad I did. Not too long after my warning, shares crumbled back down to earth. * 10 Cheap Stocks to Buy Under $10 From Mar. 21 through the end of December, Wayfair stock hemorrhaged more than 47%. But with so much red ink, contrarians are now tempted to go against the grain.Sure enough, Wayfair stock is one of the hottest commodities on Wall Street this month, jumping over 14%. Further, many of the headwinds that had impacted consumer sentiment in 2019, such as the troubling U.S-China trade war, have now eased considerably.With consumer confidence bouncing back from last summer's lows and with a strong economy, is now the time to buy Wayfair stock again? Underlying Real Estate Market Poses Problems for Wayfair StockTechnically, shares of Wayfair might have enough momentum for a few more ticks on the present rally. But in the months ahead, I'm now skeptical about this equity's viability.Here's my thought process: in order for Wayfair stock to continue moving higher, we obviously must have strong furniture/home goods demand. And the best confidence indicator for such a thesis is a robust real estate market. Simply, if more folks are buying homes, they'll spend cash furnishing it to their liking.Not surprisingly, the correlation between median home sales prices and furniture retail market revenue is incredibly strong. From 1992 through the calendar third quarter of 2019, I calculated a correlation coefficient of 87.3%. Essentially, wherever home demand goes, so too does the furniture/home goods market. Click to Enlarge Source: Chart by Josh Enomoto Interestingly, though, in prior years, the furniture market turned out to be leading indicator for real estate demand. Since late 1992, furniture and home furnishings sales jumped dramatically while homes sales prices steadily marched higher. But in calendar Q1 2006, furniture sales peaked. In contrast, home prices didn't peak until one year later.Now, I see the opposite situation: home prices are the leading indicator, while the furniture market is, in my view, fighting against gravity. I say this because so far, home prices have peaked in Q4 2017. Yet furniture sales are treading water and in my opinion, unconvincingly.If so, this dynamic doesn't augur well for Wayfair stock. As I mentioned above, the underlying company isn't the most fiscally stable example on Wall Street. Thus, the last thing it needs is trouble in real estate demand. Because the two markets are so heavily correlated, weakness in one could spark weakness in the other. Furniture Market Is DisappointingPerhaps I'm overthinking the relationship between real estate demand and the home furnishings market. In that case, let's just look at the latter sector.According to information compiled by the Federal Reserve Economic Data, furniture/home furnishings retail sales peaked in 2006 at $113.1 billion prior to the 2008 financial crisis. Based on estimates for Q4 2019, total sales last year amounted to $117.3 billion.In 13 years, annual furniture sales moved up less than 4%. To be sure, it's growth. However, it's a disappointing rate compared to other markets.Again, terms like disappointment is not what you want to hear if you're a long-term stakeholder in Wayfair. It's not as if the entire home furnishings sector is addressable exclusively for the company. Considering the ever-present threat of competition, a potentially shrinking market makes shares unusually risky.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Stocks to Buy Under $10 * 5 Retail Stocks Placer.ai Thinks Can Win Big in 2020 * 6 Cheap Stocks to Buy Under $7 The post Wayfair Stock Is Facing Trouble in Its Core Market appeared first on InvestorPlace.

  • American City Business Journals

    Wayfair’s first CFO is now a top executive at this Newton company

    For its first CFO, one of the fastest-growing private companies in Massachusetts picked a financial executive who worked directly on the IPO of one of the largest employers in the state.

  • How Did Wayfair Inc (W) Compare Against Top Hedge Fund Stocks in 2019?
    Insider Monkey

    How Did Wayfair Inc (W) Compare Against Top Hedge Fund Stocks in 2019?

    It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]

  • Implied Volatility Surging for Wayfair (W) Stock Options

    Implied Volatility Surging for Wayfair (W) Stock Options

    Investors need to pay close attention to Wayfair (W) stock based on the movements in the options market lately.

  • Don't Make Me Carry Furniture: Pier 1 Imports on the Way to Bankruptcy After 3rd-Quarter Loss

    Don't Make Me Carry Furniture: Pier 1 Imports on the Way to Bankruptcy After 3rd-Quarter Loss

    Another sharp loss sends the discount retailer plummeting towards Chapter 11 Continue reading...

  • How many chiefs are too many chiefs?
    American City Business Journals

    How many chiefs are too many chiefs?

    There are now 11 executives holding a “chief” job title in HubSpot’s management team, following the addition of the company’s first-ever chief customer officer. For comparison, enterprise software maker PTC Inc. counts only four chiefs.

  • Speech analytics company raises ‘biggest round yet’ from Goldman Sachs
    American City Business Journals

    Speech analytics company raises ‘biggest round yet’ from Goldman Sachs

    CallMiner, a speech analytics provider with offices in Waltham and in the Seaport, raised its biggest individual round in the seventeen years of the history of the company, according to CEO Paul Bernard. Following the investment, CallMiner plans further international expansion. Part of the new financing will also be used to grow the company’s current workforce of 250 people, which includes 75 in Massachusetts.

  • Target is the Yahoo Finance 2019 Company of the Year
    Yahoo Finance

    Target is the Yahoo Finance 2019 Company of the Year

    Target is the Yahoo Finance Company of the Year for 2019. We talk with Target's executive team and experts on how the retailer made it happen in 2019 and what's in store for 2020.

  • Were Hedge Funds Right About Selling Wayfair Inc (W) Heading Into Q4?
    Insider Monkey

    Were Hedge Funds Right About Selling Wayfair Inc (W) Heading Into Q4?

    Does Wayfair Inc (NYSE:W) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend to […]

  • Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago
    Yahoo Finance

    Black Friday 2019 Live Updates: Online sales up 19.2% from a year ago

    Yahoo Finance hits the stores to see how Black Friday has started for retailers.

  • Wasatch Ultra Growth Targets Industry Disruptors

    Wasatch Ultra Growth Targets Industry Disruptors

    This fund invests in small firms intent on wiping out the competition.

  • 3 Smart Money Stocks to Buy

    3 Smart Money Stocks to Buy

    There's little denying the so-called smart money on Wall Street has earned its reputation over time. And with this group's elite purchasing Beyond Meat (NASDAQ:BYND), Wayfair (NYSE:W) and New Relic (NYSE:NEWR) the past couple of quarters, it's time to follow those footsteps.Hedge fund Tiger Global Management is among the best in the business. Over the past three years its investments have led it to a best-in-breed ranking among large institutional investors with holdings of more than $10 billion. Specifically, the fund has returned nearly 22.50% annually since 2016. And over the past decade, this smart money operator has captured annualized gains of almost 18%.Sure, it would be easy enough to resent Tiger Global Management for generating its market-beating returns. The firm has resources and talent most of us can only dream about. And that can amount to an uneven playing field.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Lithium Stocks to Buy Despite the Market's Irrationality But when it comes to BYND, W and NEWR stock, I suggest not getting mad. Instead, use the price chart strategically and get ready to beat the smart money at their own game. Smart Money Stocks to Buy: Beyond Meat (BYND)Source: Charts by TradingView Tiger Global's latest 13F filing revealed the fund recently picked up 175,000 shares of faux-meat producer Beyond Meat. Today's investors are also on much stronger footing than the hedge fund after picking up shares north of $150 and possibly as high as nearly $240 during the period.Despite announcing a solid earnings beat in October, BYND stock tanked on worries tied to an expiring lockup period and competition entering the market. There's no guarantees BYND stock will prove to be the next Apple (NASDAQ:AAPL) or Costco (NASDAQ:COST), let alone wildly profitable for the smart money. But for today's investors, that's also irrelevant. In the aftermath, this $5 billion market leader looks technically ready to sizzle. BYND Stock Strategy: This smart money stock is currently forming a two-week inside pattern consolidation within a bullish hammer backed by an oversold stochastics crossover pattern. This price action could also reasonably mark a higher-low variation of a classic double-bottom. My advice is to buy BYND stock if shares can rally above the pattern high of $83.50.I'd also recommend using a stop just beneath the pattern low and exit the position beneath $73.50 in BYND stock if necessary. Ultimately, Fibonacci supports have all failed already. Moreover, being able to capitalize on a deeper bottoming variation if that's what is in the cards, is a smart money move. Wayfair (W)Source: Charts by TradingView Wayfair is the market's top dog in e-commerce for home goods and furniture. During the third quarter, the smart money piled into 510,000 shares. As the monthly chart hints, Tiger Global is also down big-time on this position after earnings painted a mixed picture that was less-than-well-received by Wall Street.The good news for today's investors? There's no denying the decline in shares offers a nice opportunity to buy W stock as it challenges key technical support on the price chart. Right now, Wayfair is testing last December's ubiquitous bottom -- its lifetime 62% Fibonacci level and trendline support for the last couple years. Coupled with stochastics that are on the cusp of a bullish crossover signal, W stock earns its place as a smart money buy. * 7 5G Stocks to Buy Now for the Future W Stock Strategy: My smart money recommendation would be to buy W stock on price confirmation of a monthly chart bottom. Conceivably, this could occur as early as next week. To contain downside risk off and on the price chart, setting a stop-loss beneath the pattern low is an equally smart money move. New Relic (NEWR)Source: Charts by TradingView In cloud-based software analytics outfit New Relic, Tiger Global sank its teeth into a meaty 2.92 million shares during the second quarter after shares were gutted following earnings. Of the three, NEWR stock also happens to be the smart money's only profitable long choice.For today's investors, the price chart suggests the smart money approach is to wait and similarly look to buy shares of New Relic on weakness. The weekly view hints NEWR stock is increasingly likely to turn lower in the near term. An overbought stochastics and challenge of former price support from 2018 makes shares prone to a pullback.NEWR Stock Strategy: Given our outlook, put NEW stock on the radar for purchase if a simple pullback pattern over the next couple to few weeks develops. I'd also suggest any future pattern-based entries are backed by a bullish stochastics setup. If those criteria are met, using the low of the pullback or an exit as loose as $54, with appropriate sizing, is another smart money move worth consideration.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy in December * 7 Unsteady Stocks Investors Should Consider Selling Before 2020 * 7 Entertainment Stocks to Buy to Escape Holiday Blues The post 3 Smart Money Stocks to Buy appeared first on InvestorPlace.

  • ‘Tiger Cub’ Chase Colemans Pulls the Trigger on Beyond Meat, Wayfair, and New Relic

    ‘Tiger Cub’ Chase Colemans Pulls the Trigger on Beyond Meat, Wayfair, and New Relic

    After cutting his teeth at Tiger Management, Chase Coleman become one of the “Tiger Cubs,” founding his own hedge fund in 2000, Tiger Global Management, with $25 million in seed money from his old boss. Since then, Coleman’s fund has grown to hold over $36 billion in assets under management. An important part of his successful strategy was a series of smart investments focused on long-term potential – his fund was an early investor in Facebook.In his most recent 13F filing, for the quarter ended September 30, Coleman’s fund revealed three new holdings which are sure to raise some eyebrows. Beyond Meat, Wayfair and New Relic have all generated plenty of buzz, along with real returns, but they each are facing serious headwinds, too. Not quite perfect storms of market chaos, but definitely some dark clouds of uncertainty on each of these companies.So, is Coleman right or wrong? We’ve opened up the database at TipRanks.com to find the latest takes from Wall Street’s analysts on all three of these stocks.Beyond Meat (BYND)A cleaner approach to our food and environment simply makes sense, and it’s hard to doubt the harshness of the industrialized animal husbandry. Beyond Meat was formed to correct this, and to provide a nutritious and sustainable food that also meets consumers’ desire for meat and meat products. Founded in 2009, the company has grown to a 5 billion dollar business, with its products on the shelves of Kroger, Meijer, and Target stores, among others, and in restaurants from TGI Fridays to Carl’s Jr. and A&W chains, to Del Taco.Coleman expressed his trust in Beyond Meat when his fund bought 175,000 shares of the company. BYND, which went public this past May at $25, peaked at $234 at the end of July. By the end of Q3, the period covered by the 13F filing, the shares were worth $148. BYND is trading at $80 now, making Tiger Global Management’s holding worth over $14 million.While a major hedge fund taking a large stake is a bullish sign, BYND has been showing bearish indicators recently. Wall Street’s analysts are clearly not convinced that Beyond Meat is going beyond even. Steven Strycula from UBS notes that BYND is a leader in its niche, pointing out that it has potential to disrupt the $1 trillion dollar-plus animal meat industry, but adds, “While we outline a robust revenue opportunity, we’re more cautious on Beyond Meat’s margin outlook as competition is intensifying, particularly from larger protein processors and packaged food peers who are likely to undercut Beyond Meat price points using excess capacity and a lower gross margin rate profile.” Strycula rates BYND a Hold along with an $85 price target, suggesting a modest upside of 5% for the stock. (To watch Strycula's track record, click here)Writing from William Blair, 4-star analyst Jon Andersen sees both potential and pitfall to BYND, with the pitfalls larger in the short term. He writes, “Our thesis is Beyond Meat represents a unique growth opportunity. This is due to its vast addressable market; strong value proposition; and rapidly developing brand and scale… valuation could limit stock price appreciation in the near term [on] our one-year horizon…”Overall, Beyond Meat has 13 recent analyst ratings, including 3 "buys," 8 "holds," and 2 "sells," adding up to a consensus view of Hold on the stock. Share are selling for $80, and the $113 average price target suggests a 40% upside, showing that, despite the headwinds, Wall Street still believes there is potential in this company and its products. (See Beyond Meat stock analysis on TipRanks)Wayfair (W)Wayfair leads the e-commerce market in home goods and furniture. It has no physical stores, but operates a network of offices and warehouses in the US and Canada, the UK and Ireland, and Germany. In its Q3 report, Wayfair reported an impressive year-over-year gain of 36% in direct retail revenue, to $2.3 billion for the quarter. Gross profits were up 23.4%, to $539.9 million, and active customers increased 38% to 19.1 million. In cash, cash equivalents, and investments, Wayfair listed $1.3 billion.A 36% gain in net revenues is a hopeful sign, especially coming after the 40% gains in Q2, and underlies Coleman’s acquisition of 510,000 shares of W in the third quarter. His fund now holds a $42 million stake in Wayfair. That was the good news. The bad news is, the company’s GAAP net loss was $272 million. Total operating expenses increased 48% from $538 million to $799 million. That expenses are rising so much faster than revues and gross profits is an ominous sign for the future. Wayfair’s net loss, which has been increasing since Q1 2018, is accelerating even as the company increases sales. Increased expenses are only one obstacle that Wayfair is facing; while the US-China trade issues get the headlines, the Trump Administration has also used tariffs, with less fanfare, in trade negotiations with the EU. As an international e-commerce leader, Wayfair is peculiarly sensitive to tariffs and duties.4-star Barclays analyst Adrienne Tennant is less than impressed with W stock. She writes, “We see W at a crossroads… to fuel top-line growth, it must continue to invest in acquiring customers as well as expanding into new categories and geographies… Simply curtailing spending to be in line with sales growth only results in the same EBITDA loss margin as the prior year... We think the mix of necessary spending and top-line volatility next year makes W uninvestable.”Tennant places a Sell on W, with a decidedly bearish $76 price target – indicating a downside potential of 9%. (To watch Tennant's track record, click here)Wall Street is not as bearish on W as Tennant, but is not convinced on this stock, either. W holds a Moderate Buy from the analyst consensus, based on 12 "buy" ratings – but also 8 "holds" and 2 "sells." Shares sell for $83, and the $106 average price target suggests an upside of 27%. (See Wayfair stock analysis on TipRanks)New Relic (NEWR)Public since December 2014, New Relic is tech company based in Silicon Valley. It offers cloud-based software analytics, allowing customers to track app performance online using the popular SaaS business model. For the fiscal year ending in March 2019, New Relic reported over $479 million in gross revenues.Fiscal 2020, however, started with some serious disappointment. While Q1 revenues were up 30% and met expectations at $140 million, the drilldowns were not so good. NEWR’s free cash flow of $19 million missed the estimate by $5 million; billings, at $125 million, were below the consensus of $131 million; and the company’s earnings beat reflected lower expenses rather than increased sales. NEWR missed its target on new customers for the quarter. Shares dropped by one third after the Q1 report.That drop was seen by Coleman and Tiger Global Management as a buying opportunity, because in Q2 the hedge purchased 2.92 million shares of NEWR, an acquisition worth over $196 million now. The NEWR purchase is the only one of the three in this list that has gained value since Coleman’s fund picked it up.The company’s recent Q2 report sheds some light on the stock’s relative strengths. NEWR showed an EPS of 24 cents, soundly beating the 15-cent expectation and nearly double the year-ago figure. Revenue was up to $145.8 million, a 4% sequential gain. Still, this stock is down 16% year-to-date. The company is introducing a new platform for its software products, and management has not yet convinced investors that the transition is smooth.Raimo Lenschow, 5-star analyst from Barclays and rated 20 overall in TipRanks’ database, takes a cautionary stance on NEWR. He writes, “We believe New Relic shares will likely come under pressure in the near term given… we believe Q2 didn’t provide evidence of moderating competitive headwinds, and it is still the very early stages of new platform adoption. Hence, we continue to expect a long recovery ahead and see limited upside… in the near to mid-term.” Lenschow’s $65 price target is bearish, and implies a downside potential of 3% to the stock.For the most part, the Street’s analysts are still somewhat bullish on NEWR. The stock’s Moderate Buy consensus rating is built on 10 "buys," a strong base that is moderated by 3 "holds" and 1 "sell." The $76 average price target suggests a potential upside of 13% from the $67 trading price. (See New Relic stock analysis on TipRanks)

  • 5 Retail Stocks Getting Nothing but Coal This Holiday Season

    5 Retail Stocks Getting Nothing but Coal This Holiday Season

    It's already here. The sights. The sounds. The red cups. The holiday spending frenzy is once upon us -- whether we are ready for it or not. For many retail stocks, this is the most critical period all year. The don't call it Black Friday for nothing. However, the consumer spending environment continues to get even more cutthroat and hard to navigate.Thanks to online and omni-channel shopping, mobile commerce, one- and two-day shipping and a host of other reasons, many retail stocks are already suffering. The sector is quickly becoming a bifurcated industry -- with haves and have-nots fighting for survival. And the holiday season has only exacerbated this fight. Extra discounting, sales and "door-busters" make a tough environment even tougher.That means there are several retail stocks that aren't going to fair too well over the next few months. And in a few cases, they may not be around much longer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor investors, knowing which companies to avoid can be just as important as knowing which stocks to buy. * 7 Large-Cap Stocks to Give a Wide Berth And with that, here are five retail stocks that should get a big lump of coal this holiday season. J. C. Penney (JCP)Source: Supannee_Hickman / Shutterstock.com After Sear's bit the dust, it's easy to dunk on J. C. Penney (NYSE:JCP) as being the next major retail stock to meet its maker. Like Sear's, JCP is an old-fashioned department store in a world that no longer supports that style of retail concept. Big discounters like Walmart (NYSE:WMT) and e-commerce giants like Amazon (NASDAQ:AMZN) simply do it better. And in that, J. C. Penney has been suffering for years.The problem is, the suffering may finally be hitting a critical level.Debt at JCP remains an issue. As of last quarter, the retailer had roughly $3.6 billion in long-term debt on its balance sheet and about $1 billion in operating lease obligations. The problem is that JCP only has about $175 million in the bank and short-term investments. That's not exactly a great ratio of debt to cash. Nor is that great when sales continue to slide as e-commerce eats its lunch.Even worse is that sort of debt makes it harder for JCP to expand and update in a meaningful way. Sure, the firm has a new store concept, but it simply lacks the funds to roll it out to a variety of locations. Target (NYSE:TGT) spent more than $7 billion remodeling its stores to make them "hipper" and omni-channel friendly. JCP simply doesn't have that kind of cash or time.With JCP already talking to creditors about restructuring its debts, sales continuing to sleep and other rivals getting strong, it's only a matter of time until the firm has to pack up. For investors, JCP is easily a retail stock to avoid this holiday season. Wayfair (W)Source: Jonathan Weiss / Shutterstock.com It's not that Wayfair (NYSE:W) is a bad choice among retail stocks, it's just that a few issues may be hitting its torrid pace of growth. In this case, we're talking about costs across a variety of fronts.While its revenues have continued to climb, W stock has started to see its margins erode and various costs start to increase. As with JCP above, playing in the e-commerce world is an expensive game. Unfortunately for Wayfair, it's now being forced to shell out more to keep those revenues climbing.Last quarter, Wayfair was forced to spend 58.7% more on technology, infrastructure and other expenses related to gathering sales and getting them to consumers fast. Advertising spending jumped more than 12%. Meanwhile, the actual costs of its goods managed to jump as the trade war continues to slog on. All in all, the issues with costs have made U.S. margins a fat negative 3% for W.That doesn't instill much confidence heading into a slowing consumer environment. Add in the fact that other rivals continue to spend more in order to boost shipping, fulfillment and ordering ease, and you start to see a worrisome picture for Wayfair. No wonder why shares cratered the day it announced its results and poor outlook. * 7 Beverage Stocks to Stock Up On W stock isn't a bad retailer overall. It's just that the firm is dealing with some things outside its control. And because of that, it could be rocky for the firm going forward. Shares may still have more room to drop. Gap (GPS)Source: Alex Millauer / Shutterstock.com The middle isn't exactly a great place to be these days. Consumers either want high-end products or deep bargains. For retail stocks offering clothing like the Gap (NYSE:GPS), this is a tough pill to swallow.Sales continue to decline at Banana Republic and Gap as these brands struggle to find an audience.The bright spot for GPS stock has continued to be its bargain-brand Old Navy. These days, Old Navy accounts for roughly 50% of Gap's total sales -- with the other brands bringing in the rest -- around $7.9 billion from Old Navy against $8.7 billion for the other brands. But the pace of revenue growth at Old Navy has been brisk.To that end, GPS has decided to spin out Old Navy as a separate company. And that might seem like a good idea at first. The problem is, Gap really needs those assets to keep the ship moving. GPS is profitable at its other brands, but their slow decline is a spot for concern. Secondly, the hallmark of Gap's online operations has been the one-bag integration of all its brands. Picking up incremental sales and cross-selling has worked in its favor.What's worst is that even execs at Gap aren't sure of the spinoff plans. CEO Art Peck abruptly resigned from the company.With reduced guidance, slowing traffic and no real plans to get out of its funk, GPS is one retails stock that will continue to face some big issues. Those issues will take center stage during this holiday season. Chico's (CHS)Source: Kristi Blokhin / Shutterstock.com "OK Boomer" maybe be a rallying cry among America's youth, but it's also being directed towards a bunch of retail stocks. Take Chico's (NYSE:CHS) for example.Chico's runs a variety of stores -- including its namesake, Soma and White House Black Market. Generally, these brands fall under the higher-end and casual work clothing umbrellas. The problem for CHS is that this sort of style really isn't in focus anymore with millennial and Generation Z shoppers. With joggers now an office staple and bralettes replacing traditional intimate apparel, Chico's is facing a real problem. It doesn't have a core audience anymore. The Boomers are gone and the younger generations aren't buying.Last quarter alone, sales declined by 6.1%. This follows the trend of continued lower quarterly sales figures.Like many of the retailers on this list, CHS is realizing these lower sales at a time when debts and costs have risen. Thanks to its high-end nature, most of its store frontage is in upper-scale malls. Thanks to this, rent expenses are higher and produces more drag on its bottom line. No wonder why Chico's has started closing stores -- 53 have closed over the last three months. * These 7 Stocks to Buy Were Big Winners This Earnings Season In the end, Chico's is a brand without any buyers. With no real plans to turn the ship around, CHS stock could be a real drag this holiday season. Pennsylvania Real Estate Investment Trust (PEI)Source: jayk67 / Shutterstock.com If many retail stocks are suffering, then the owners of malls and shopping plazas must be really feeling the heat. Pennsylvania Real Estate Investment Trust (NYSE:PEI), also known as PREIT, is a prime example of the carnage being felt by the mall owners.PEI started out as a sprawling regional mall operator and as the recession hit, it took great steps to improve its portfolio of properties. That worked in raising its average sales per square foot and boosting quality of tenants. This worked great and the stock rebounded.And then the bottom dropped out for PREIT.This year, we've seen a variety of retailers such as Payless, Gymboree, Things Remembered and now Forever 21 file for bankruptcy. All of which are fodder for PREIT's style of malls. These closes are starting to once again hurt PEI's bottom line.For the third quarter, PREIT saw its same-store net operating income decline by 5.8% year over year. That decline doesn't exclude lease terminations. And with that, decline, funds from operations -- or the cash that the REIT has to deliver to investors as dividends -- dropped by 34% year-over-year. This follows a 44% year-over-year decline in FFO for the second quarter.PEI stock and its juicy 14% dividend is in trouble. This proves that the carnage in retail stocks is wide reaching.At the time of writing, Aaron Levitt had a long position in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Give a Wide Berth * 7 Potential New Stocks That Should Not Go Public * 5 Chinese Stocks to Buy Surging Higher The post 5 Retail Stocks Getting Nothing but Coal This Holiday Season appeared first on InvestorPlace.

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