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W

Wayfair

$74.71

-2.03 (-2.65%)

13:35
07/17/17
07/17
13:35
07/17/17
13:35

Wayfair put volume heavy and directionally bearish

Bearish flow noted in Wayfair with 1,567 puts trading, or 1.6x expected. Most active are Jan-19 40 puts and Jul-17 70 puts, with total volume in those strikes near 580 contracts. The Put/Call Ratio is 5.02, while ATM IV is up over 1 point on the day. Earnings are expected on August 8th.

  • 08

    Aug

W Wayfair
$74.71

-2.03 (-2.65%)

07/13/17
BUCK
07/13/17
NO CHANGE
Target $95
BUCK
Buy
Wayfair price target raised to $95 from $72 at Buckingham
Buckingham analyst Kelly Halsor reiterates a Buy rating on Wayfair and raised her price target for the shares to $95 from $72. The analyst believes a higher valuation multiple is justified given the reacceleration of direct revenue growth in Q2 and increased acquisition activity by big box retailers.
06/30/17
PIPR
06/30/17
NO CHANGE
Target $87
PIPR
Overweight
Piper analysis shows Wayfair Direct Retail revenue above guidance
Piper Jaffray analyst Peter Keith says his firm's proprietary analysis of Google search trends indicates Wayfair Direct Retail revenue growth of 46% for Q2 versus guidance of 34%-37% and consensus of 40%. The "strong" Direct Retail revenue growth reacceleration is being driven by increased product offerings, exclusivity of products, strategic investments in logistics and supply chain, and increased customer satisfaction due to positive delivery execution, Keith tells investors in a research note. He raised his Q2 revenue estimate to $1.084B, above the consensus of $1.056B, and reiterates an Overweight rating on Wayfair with an $87 price target.
06/27/17
GDHS
06/27/17
DOWNGRADE
GDHS
Accumulate
Wayfair downgraded to Accumulate from Buy at Gordon Haskett
Gordon Haskett downgraded Wayfair to Accumulate from Buy with an $85 price target given the run in shares.
06/19/17
06/19/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Costco (COST) downgraded to Hold from Buy at Deutsche Bank with analyst Paul Trussell saying positive pipeline catalysts have played out while competition is intensifying with Amazon.com (AMZN) and Wal-Mart (WMT) accelerating in-store and online efforts. The analyst lowered his price target for the shares to $172 from $187. 2. Kroger (KR) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Vincent Sinisi saying there is increased structural margin risk within the Food Retail sector following Amazon's (AMZN) acquisition of Whole Foods (WFM) and said stocks are now appropriately pricing in flat medium-term growth. 3. Wayfair (W) downgraded to Hold from Buy at Maxim with analyst Tom Forte saying he views the current share price as fully reflecting its revenue growth opportunity over the next three years and his expectation that the company can meet the top-end of its long-term adjusted EBITDA margin target of 8%-10%. 4. Travelers (TRV) downgraded to Neutral from Buy at BofA/Merrill with analyst Jay Cohen citing valuation. 5. TripAdvisor (TRIP) downgraded to Underperform from Neutral at Credit Suisse with analyst Paul Bieber citing raised expectations for TV ad spending in 2018 paired with uncertainty regarding the return on TV advertising investment given the crowded ad market for online travel. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ACRS

Aclaris Therapeutics

$29.18

-0.46 (-1.55%)

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Conference/Events
Aclaris Therapeutics management to meet with Jefferies »

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JAGX

Jaguar Animal Health

$0.66

-0.0175 (-2.58%)

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Jaguar Animal Health to hold a conference call »

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  • 28

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GDP price index to be reported at 08:30 »

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CALM

Cal-Maine Foods

$38.05

0.55 (1.47%)

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BAESY

BAE Systems

$32.23

0.145 (0.45%)

, IBM

IBM

$145.07

-0.29 (-0.20%)

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IBM

IBM

$145.07

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CTL

CenturyLink

$23.60

0.74 (3.24%)

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  • 02

    Aug

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General news
FX Action: USD-CAD steady after posting its biggest one-day gain »

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01:40
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General news
FX Update: The Swiss franc tumbled for a four straight session »

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TOO

Teekay Offshore Partners

$2.55

-0.03 (-1.16%)

20:27
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20:27
Downgrade
Teekay Offshore Partners rating change at Raymond James »

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QEP

QEP Resources

$7.93

-1.34 (-14.46%)

20:26
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Downgrade
QEP Resources rating change at JPMorgan »

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  • 27

    Jul

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RDFN

Redfin

20:26
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Syndicate
Redfin 9.231M share IPO priced at $15.00 »

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  • 27

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XOM

Exxon Mobil

$80.83

0.46 (0.57%)

, CVX

Chevron

$106.11

0.99 (0.94%)

20:25
07/27/17
07/27
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Earnings
Notable companies reporting before tomorrow's open »

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XOM

Exxon Mobil

$80.83

0.46 (0.57%)

CVX

Chevron

$106.11

0.99 (0.94%)

MRK

Merck

$63.69

1.89 (3.06%)

ABBV

AbbVie

$71.73

-0.86 (-1.18%)

AAL

American Airlines

$50.00

-1.01 (-1.98%)

COL

Rockwell Collins

$109.02

-0.53 (-0.48%)

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  • 28

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TTPH

Tetraphase

$6.96

-0.92 (-11.68%)

20:22
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Syndicate
Tetraphase 10M share Secondary priced at $6.50 »

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  • 28

    Jul

BVN

Buenaventura

$12.45

0.1 (0.81%)

19:26
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Earnings
Buenaventura reports Q2 EPS (2c), may not compare to consensus 26c »

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BAS

Basic Energy

$28.67

0.06 (0.21%)

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Hot Stocks
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BAS

Basic Energy

$28.67

0.06 (0.21%)

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Earnings
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  • 28

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GE

General Electric

$25.79

0.2 (0.78%)

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Periodicals
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  • 02

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AIV

Aimco

$44.01

0.13 (0.30%)

18:53
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Earnings
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  • 28

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NOV

National Oilwell

$33.71

0.37 (1.11%)

18:43
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Earnings
National Oilwell reports Q2 adjusted EPS (14c), consensus (15c) »

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  • 28

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    Aug

AIG

AIG

$65.17

-0.02 (-0.03%)

, IEP

Icahn Enterprises

$53.12

-0.78 (-1.45%)

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Periodicals
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AIG

AIG

$65.17

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IEP

Icahn Enterprises

$53.12

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PRU

Prudential

$112.74

0.55 (0.49%)

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  • 03

    Aug

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  • 27

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HTBK

Heritage Commerce

$13.85

-0.14 (-1.00%)

18:24
07/27/17
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Earnings
Heritage Commerce reports Q2 EPS 19c, consensus 19c »

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  • 01

    Aug

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