Wayfair Inc. (W) Stock Price, Quote & News

NYSE: W · IEX Real-Time Price · USD

50.48

-1.53 (-2.94%)

At close: Feb 20, 2024, 4:00 PM

49.95

-0.53 (-1.05%)

Pre-market: Feb 21, 2024, 8:00 AM EST

-2.94% (1D)

Market Cap	4.66B
Revenue (ttm)	11.99B
Net Income (ttm)	-915.00M
Shares Out	92.26M
EPS (ttm)	-8.29
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	4,600,815
Open	50.75
Previous Close	52.01
Day's Range	49.29 - 51.09
52-Week Range	29.51 - 90.71
Beta	3.31
Analysts	Buy
Price Target	73.80 (+46.2%)
Earnings Date	Feb 22, 2024

About W

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately fourty million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional. The company was founded in 2002 and is headquartered in Boston, Massachusetts. [Read more]

Industry Internet Retail

Sector Consumer Discretionary

IPO Date Oct 2, 2014

Employees 15,745

Stock Exchange NYSE

Ticker Symbol W

Full Company Profile

Financial Performance

In 2022, Wayfair's revenue was $12.22 billion, a decrease of -10.87% compared to the previous year's $13.71 billion. Losses were -$1.33 billion, 916.0% more than in 2021.

Financial Statements

Analyst Forecast

According to 30 analysts, the average rating for W stock is "Buy." The 12-month stock price forecast is $73.8, which is an increase of 46.20% from the latest price.

Price Target

$73.8

(46.20% upside)

Analyst Consensus: Buy

Stock Forecasts

News

HD, LOW, W, WSM: The Home Improvement Retail Segment

Does Home Depot (HD) or Lowe's (LOW) come out on top? Seth Basham discusses Home Depot versus Lowe's, as well as the takeaways from Home Depot's earnings.

Other symbols: HDLOWWSM

11 hours ago - Schwab Network

Wayfair stock's 40% upside: The growth story in the industry

Historically, cyclical stocks tend to outperform the rest of the pack when the Federal Reserve (the Fed) lowers interest rates to make money cheaper and financing more flexible for both businesses and...

1 day ago - MarketBeat

Analyst says buy Wayfair on market dominance and growth potential

E-commerce platforms have room to run under Amazon's dominance in the space. Chinese online retail site Temu even advertised several commercials during this year's Super Bowl.

6 days ago - Yahoo Finance

Wayfair Announces Decorify App for Apple Vision Pro

Wayfair's virtual room styler and 3D imaging tools enable Apple Vision Pro users to reimagine their living spaces and experience the future of shopping in their home BOSTON , Feb. 6, 2024 /PRNewswire/...

15 days ago - PRNewsWire

Wayfair layoffs hit mostly remote workers, staffers fret over company's future

Executives at the Boston-based company sought to reassure worried staffers on Tuesday by insisting that a sale of the company wasn't being considered.

27 days ago - New York Post

Wayfair Schedules Fourth Quarter 2023 Earnings Release and Conference Call

BOSTON , Jan. 24, 2024 /PRNewswire/ --Wayfair Inc.(NYSE:W), one of the world's largest destinations for the home, today announced that it will release financial results for its fourth quarter ending...

4 weeks ago - PRNewsWire

Wayfair's job cuts reportedly hit remote workers harder, amid battle over returning to the office

In the ongoing fight between managers and employees over remote work, online furniture and home-goods retailer Wayfair Inc., in its latest round of job cuts, appeared to side with commutes, offices an...

4 weeks ago - Market Watch

Wayfair Layoffs Focused on Remote Workers

Wayfair employees who work remotely were more likely to be laid off in the latest round of job cuts at the online furniture seller, executives told staff.

4 weeks ago - WSJ

Macy's And Wayfair Are Downsizing And Walmart Is Adjusting As Retail Readies For A Reset

Following a year when retail grew 3.5% overall and November-December 2023 holiday sales were even more robust, advancing 3.8%, retailers are going into 2024 with wind in their sales.

Other symbols: MWMT

4 weeks ago - Forbes

Wayfair lays off 13% of employees weeks after CEO told workers to log more hours

The layoffs come after a year-end note to staffers telling them "working long hours, being responsive, blending work and life, is not anything to shy away from."

4 weeks ago - New York Post

Wayfair Cuts 13% of Workforce While ‘Right-Sizing Its Cost Structure'

Wayfair is laying off 1,650 employees as part of its efforts around “right-sizing its cost structure.” The cuts amount to about 13% of its global workforce and 19% of its corporate team, the furniture...

4 weeks ago - PYMNTS

Wayfair, Google, Amazon Duolingo Cut Hundreds Of Jobs: Here Are The 2024 Tech Layoffs

Furniture e-commerce company Wayfair announced plans Friday morning to cut 13% of its workforce, amid a string of corporate layoffs this year at Google, Amazon, Discord and Duolingo, as businesses loo...

Other symbols: AMZNDUOLGOOGGOOGL

4 weeks ago - Forbes

Wayfair to cut 1,650 jobs

E-commerce home goods retailer Wayfair said it will cut jobs and expects its restructuring plan, which started in August 2022, to save more than $280 million.

4 weeks ago - Fox Business

Wayfair Stock Jumps on Plans to Cut 1,650 Jobs. It Admits Going ‘Overboard' in Hiring.

Wayfair sees annualized cost savings of more than $280 million from the job cuts.

4 weeks ago - Barrons

Read the email Wayfair's CEO sent to staff announcing that it's laying off 13% of its workforce

Wayfairis laying off 13% of its global workforce, or around 1,650 staff. "I truly regret the impact this will have on you," CEO Niraj Shah told staff.

4 weeks ago - Business Insider

Wayfair is laying off 1,650 employees

Wayfair Inc. shares rose 15.9% in premarket trades Friday after the home goods retailer announced a workforce reduction involving approximately 1,650 employees. The cuts represent approximately 13% of...

4 weeks ago - Market Watch

Wayfair is slashing 1,650 jobs just weeks after the CEO said it was profitable again

Wayfair is cutting 1,650 jobs, or13% of its workforce, it said Friday. Almost 1 in 5 corporate staff are being laid off and the company is reviewing levels of management.

4 weeks ago - Business Insider

Online furniture retailer Wayfair to cut 1,650 jobs to trim costs

Online furniture retailer Wayfair said on Friday it would lay off about 1,650 employees, or 13% of its global workforce, as it looks to trim costs.

4 weeks ago - Reuters

Wayfair to lay off 13% of workforce, impacting 1,650 employees

Digital home goods retailer Wayfair is cutting 13% of its global workforce as it looks to trim down its structure, cut layers of management and reduce costs.

4 weeks ago - CNBC

Wayfair Announces Workforce Realignment Plan

Proactive organizational redesign accelerates profitability goals BOSTON , Jan. 19, 2024 /PRNewswire/ --Wayfair Inc. (NYSE: W), one of the world's largest destinations for the home, today announced d...