|Bid||136.00 x 3000|
|Ask||138.78 x 800|
|Day's Range||137.59 - 138.80|
|52 Week Range||55.33 - 151.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||125.71|
Aug.28 -- Andrew Left, Citron Research founder, explains why he is shorting Wayfair Inc. He speaks with Bloomberg's Caroline Hyde and Lisa Abramowicz on "Bloomberg Markets."
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.
Amazon is testing a new tool, Scout, designed to solve a shopping dilemma: Sometimes you don’t know exactly what you’re looking for until you see it. Amazon Scout uses artificial intelligence to help consumers narrow their choices by liking or disliking a series of product pictures within a category.
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.
Amazon's Scout business shows furniture products that shoppers can "like" or "dislike" based on their preferences and new products are prompted based on prior choices, according to CNBC. The business has products for sale within home furniture, kitchen and dining products, shoes and home decor, with more categories to come. Amazon is making use of machine learning technology to improve on one of the biggest complaints about its site: that it's not a platform to browse products, CNBC said. "This is a new way to shop, allowing customers to browse millions of items and quickly refine the selection based solely on visual attributes," an Amazon spokesperson told CNBC.
Investor fears have been growing over the past year as Amazon has been placing more emphasis on its own furniture and home decor business. But Wayfair is growing rapidly despite the threat.
Why are the analysts bullish? About 56.0% of the nine analysts covering Etsy (ETSY) stock recommended a “buy” as of September 13. Another 33% of analysts recommended “hold” on the stock, and the remaining 11% analysts rated it as a “sell.” Analysts are bullish for Etsy, as the company’s strategic efforts are heading in a positive direction. There have been two price changes for the stock in the last 30 days.
An online retailer of handcrafted goods, Etsy’s (ETSY) stock price has risen 147.2% this year to $50.55 on September 13. Etsy has held its ground despite Amazon’s entry into the crafts space. Among Etsy’s peers, Shopify (SHOP) is up 54.0% to $155.50 YTD (year-to-date) as of September 13, while Wayfair (W) is up 84.4% to $148.08.
Can Wayfair Stock Continue Its Momentum? Online retailer Wayfair (W) has been witnessing rising expenses as it expands its business operations, especially international expansion and enhancing brand awareness. In the second quarter, Wayfair hired 960 net new employees across its merchandising, technology, and marketing operations.
The ability of states to quickly cash in on a June U.S. Supreme Court ruling that lifted restrictions on their ability to tax all internet sales would be restrained under federal legislation announced on Friday. U.S. Representative Jim Sensenbrenner, a Wisconsin Republican, said the bill he introduced this week will clarify interstate sales tax collection requirements. The measure would prevent states from imposing sales tax collections on retailers before Jan. 1 and would also bar retroactive taxation.
The company made investments to enhance its product offerings, raising brand visibility, logistics, and international expansion, all of which have added to its revenue growth. On a year-over-year basis, Wayfair reported revenue growth of 46.2% and 47.4%, respectively, in the first and second quarters. Although the US segment remains the largest contributor to the overall top line, the revenues from its international operations are quickly increasing.
Can Wayfair Stock Continue Its Momentum? There have been no changes to these analysts’ price targets in the last 30 days. Currently, the analysts’ 12-month average target price for Wayfair stock is $124.29, which reflects a 16.9% downside to its stock price on September 12.
Can Wayfair Stock Continue Its Momentum? Online furniture retailer Wayfair’s (W) stock price has risen 86.2% this year to $149.50 as of September 12. Strong sales numbers for the first half of the year, along with a tremendous growth opportunity in the online home goods market, is driving the stock. The company’s top line is being driven by growth in its US and international segments.
Online home goods retailer Wayfair Inc (NYSE: W )'s fundamentals are likely to deteriorate in 2019, sending a Bank of America Merrill Lynch analyst to the sidelines. The Analyst Analyst Akshay Bhatia downgraded ...
The move comes on the heels of a June U.S. Supreme Court ruling that online retailers don't have to have a physical presence in a state to be required to collect local taxes.
Although they were founded less than five years apart, Akamai and Wayfair represent different eras of the internet economy and the tech industry in Boston.
There’s a lot to like about online furniture retailer (W)(W), according to new research — but with the shares up some 78% in 2018, where do they go from here? “We’re bullish on Wayfair’s competitive dynamics, adjacent category potential, logistics initiatives, and international growth,” they wrote.
The new ruling from South Dakota v. Wayfair Inc. (NYSE: W) overturns previous Supreme Court decisions in both National Bellas Hess v. Department of Revenue of Illinois, 1967, in which they decided a mail-order reseller was not requaried to collect sales tax if it had no physical presence in the state, and the more recent Quill v. North Dakota, 1992, in which the court reaffirmed their previous position in the digital age. The Supreme Court's decision in South Dakota v. Wayfair Inc., is not a national decision, applying specifically to the state of South Dakota's sales tax law.
Restoration Hardware (NYSE:RH) has been one of the most impressive stocks in the market the last few years. There are other stocks that have gained 300%+ in 20 months, as RH stock has. The residential furniture space has been mostly “dead money” at the same time Restoration Hardware stock has soared.
Shares of streaming device maker Roku (NASDAQ:ROKU) dropped sharply on reports that ecommerce and cloud behemoth Amazon (NASDAQ:AMZN) is launching a free, ad-supported video streaming service which would be in direct competition with The Roku Channel, one of Roku’s biggest growth drivers. As of this writing, Roku sits at $60 and is more than 5% off its recent highs. But, I think this sell-off is overdone. Roku is a big growth company positioning itself as a leader in the over-the-top streaming market, which promises to be a huge growth market over the next several years as media consumption goes from linear channels to internet channels.
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 25th Annual Global Retailing Conference at The Plaza Hotel in New York City.
Wayfair , one of the world’s largest online destinations for the home, today announced that Steve Conine, co-founder and co-chairman, will present at the Citi 2018 Global Technology Conference.
Andrew Left, Citron Research founder, explains why he is shorting Wayfair Inc. He speaks with Bloomberg's Caroline Hyde and Lisa Abramowicz on "Bloomberg Markets." (Source: Bloomberg)