112.06 +0.05 (0.04%)
Pre-Market: 8:50AM EDT
|Bid||96.00 x 1200|
|Ask||120.00 x 1000|
|Day's Range||108.40 - 112.72|
|52 Week Range||76.60 - 173.72|
|Beta (3Y Monthly)||2.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2019 - Nov 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||159.05|
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.
Investment company Greenlea Lane Capital Management, Llc (Current Portfolio) buys Facebook Inc, sells Wayfair Inc, Shake Shack Inc, Spotify Technology SA during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Greenlea Lane Capital Management, Llc. Continue reading...
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.
Wayfair Inc. shares fell in the extended session Tuesday after the home-furnishings retailer proposed a debt offering. Wayfair shares declined 2.4% after hours, following a 0.8% gain to close the regular session at $125. Wayfair said it was offering $750 million in convertible senior notes due in 2026, with an option for an additional $112.5 million. Wayfair said it plans to reduce the potential dilution of its shares. "In connection with the pricing of the notes, the Company expects to enter into privately negotiated capped call transactions with one or more of the initial purchasers and/or their respective affiliates and/or certain other financial institutions," the company said in a statement
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.
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.
Wayfair leadership publicly acknowledged for the first time the protest organized by some employees over the online retailer’s furniture sales to migrant camps, which drew hundreds of protesters in Copley Square in June and fell silent over the following weeks.
Wayfair (W) reported better-than-expected revenue for the second quarter of 2019 today—but its disappointing outlook could be a concern.
Wayfair earnings for the second quarter beat Wall Street estimates, as did revenue. Wayfair stock climbed even though its third-quarter outlook fell short of analyst expectations.
Expenses for the online seller of furniture were 70% higher in the second quarter than in the same period a year earlier.
After the rate cut from the Fed yesterday, equity index futures are up ahead of a long day of earnings. Some of the names reporting today are Wayfair Inc (NYSE: W) in the premarket, and Etsy Inc (NASDAQ: ETSY), Pinterest Inc (NYSE: PINS), and Square Inc (NYSE: SQ) in the postmarket. All are younger companies with disruptor potential: Pinterest started out as a way to save images, but now can be shopped through directly, like Instagram.
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?
Wayfair (NYSE: W ) reported second-quarter losses of $1.35 per share, which met the analyst consensus estimate. The company reported quarterly sales of $2.343 billion, which beat the analyst consensus ...
Wayfair shares eased after the online home-furnishings company reported a second-quarter net loss wider than a year earlier but in line with analysts' expectations. The Boston company's net loss widened to $1.98 a share from $1.13 in the year-earlier quarter. Shares outstanding rose 3% to 91.8 million.