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W $38.48

W target price
38.48
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Wayfair, Inc.
Formerly called
CSN Stores (2002–2011)
Type
Public
Traded as NYSE: W
Industry E-commerce
Founded 2002
Founders Niraj Shah
Steve Conine
Headquarters 4 Copley Place
Boston, Massachusetts,
United States
Key people
Niraj Shah, (CEO)
Steve Conine (Chairman)
Revenue Increase US$3.38 billion (2016)
Net income
Decrease US$ -194.38 million (2016)
Number of employees
5,637 (2017)
Website wayfair.com

Wayfair, Inc. is an American e-commerce company that sells home goods. Formerly known as CSN Stores, the company was founded in 2002 and now sells many home furnishings and décor items. Headquartered in Boston, Massachusetts, Wayfair has offices and warehouses throughout the United States as well as in Canada, Germany, Ireland, and the United Kingdom.

Entrepreneurs Niraj Shah and Steve Conine founded Wayfair in August 2002, as a two-person company with a makeshift headquarters in Conine’s nursery, in Boston, Massachusetts. Both Shah and Conine hold Bachelor of Science degrees from Cornell University. The pair had run two previous companies—Simplify Mobile and iXL, a global consulting firm—before starting Wayfair.

As of February 2013, Shah is the Chief Executive Officer of the company, and Conine is the Chairman and Chief Technology Officer.

Originally known as CSN Stores (the name is derived from a mix of Shah and Conine’s initials), the company began with the website racksandstands.com, selling media stands and storage furniture.

In 2003, the company added patio and garden goods suppliers, three online stores, and more than a dozen employees, and relocated the headquarters into an office on Newbury Street, in Boston.

Over the next two years, the company expanded its catalogue to include home décor; office, institutional, and kitchen and dining furniture and materials; home improvement goods; bed and bath materials; luggage; and lighting. In 2006, the company earned $100 million in sales.

For the next four years, the company expanded in the United States and in international markets.

In 2008, CSN Stores began shipping to Canada and selling in the United Kingdom, and opened an office in London. In the same year, the Boston Business Journal ranked the company the #1 fastest growing private e-commerce company in Massachusetts, and the #4 fastest growing private company overall. In 2009, the company expanded to Germany. In 2010, the company relocated its headquarters to 177 Huntington Avenue, where they occupied 10 floors. At the end of that year, the company launched Joss & Main, a members-only private sales online store.

By 2011, CSN Stores owned over 200 online shops, largely niche shops for specific products, like cookware.com, everyatomicclock.com, and strollers.com. In an effort to scale, to direct traffic to a single site, and to unify the aesthetic of the company, Shah and Conine rebranded CSN Stores as Wayfair.

To market the new brand and to increase its expansion, in June 2011 the company raised $165 million in funding from four investment firms: Battery Ventures, Great Hill Partners, HarbourVest Partners, and Spark Capital.

Wayfair.com launched on September 1, 2011. As of July 2012, Wayfair had consolidated all of its niche websites, with the exception of Joss & Main and AllModern, into Wayfair.com. In August 2012, Wayfair launched Wayfair Supply, a single destination for Wayfair's business, government, and institutional customers. In August 2013, Wayfair acquired DwellStudio, a New York City-based design house and retailer focused on modern home and family furnishings.

In March 2014, T. Rowe Price led a $157 million pre-IPO financing, valuing the company at more than $2 billion.

In late June 2014, the company again relocated its headquarters, this time to 4 Copley Place, about a block away from its previous headquarters at 177 Huntington Avenue. Along with 4 Copley Place, the company has two satellite offices in the surrounding area.

In October 2014, Wayfair raised over $300 million through an IPO on the New York Stock Exchange. In July 2015, Wayfair sold its Australian business to local online retailer, Temple & Webster, for an undisclosed amount. The brand was renamed to Zizo and later absorbed into the Temple & Webster business.

As of January 2014, Wayfair was the largest online-only retailer for home furniture in the United States, and the 33rd largest online retailer in the United States. The company generated $380 million in revenue in 2010, over $500 million in 2011, over $600 million in 2012, over $900 million in 2013, and over $1.3 billion in 2014. In 2015, the net revenue of Wayfair increased to $2.25 billion, and to $3.4 billion in 2016.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-02 Future report Set alerts
Q2 2022 2022-08-04 -1.94 -1.94
Q1 2022 2022-05-05 -1.96 -1.96
Q4 2021 2022-02-24 -0.92 -0.92
Q3 2021 2021-11-04 0.14 0.14
Q2 2021 2021-08-05 1.89 1.89
Q1 2021 2021-05-06 1.00 1.00
Q4 2020 2021-02-25 1.24 1.24
Q3 2020 2020-11-03 0.00 0.00
Q2 2020 2020-08-05 3.13 2.54

Ratings

2016-06-21 Reiterated Rating Cowen and Company Buy $61.00
2016-06-16 Initiated Coverage Longbow Research Neutral
2016-06-10 Initiated Coverage William Blair Market Perform
2016-05-26 Initiated Coverage Maxim Group Buy $50.00
2016-05-10 Downgrade Citigroup Inc. Buy to Neutral $51.00 to $45.00
2016-05-10 Initiated Coverage Oppenheimer Hold
2016-05-10 Reiterated Rating KeyBanc Hold
2016-05-10 Reiterated Rating Robert W. Baird Neutral $50.00
2016-05-10 Initiated Coverage Oppenheimer Holdings Inc. Hold
2016-05-10 Reiterated Rating KeyCorp Hold
2016-05-03 Reiterated Rating Wedbush Outperform $60.00
2016-04-25 Initiated Coverage JPMorgan Chase & Co. Neutral $45.00
2016-04-11 Initiated Coverage Buckingham Research Buy $52.00
2016-04-06 Initiated Coverage Sterne Agee CRT Neutral
2016-03-22 Downgrade Raymond James Strong-Buy to Outperform $55.00 to $48.00
2016-03-22 Downgrade Raymond James Financial Inc. Strong-Buy to Outperform $55.00 to $48.00
2016-03-08 Reiterated Rating Piper Jaffray Overweight $86.00
2016-03-08 Reiterated Rating Piper Jaffray Cos. Overweight $86.00
2016-02-29 Reiterated Rating Pacific Crest Equal Weight
2016-02-26 Reiterated Rating Wedbush Outperform $60.00 to $55.00
2016-02-25 Boost Price Target Piper Jaffray Overweight $73.00 to $86.00
2016-02-04 Upgrade Goldman Sachs Neutral to Buy $40.25 to $53.00
2016-02-04 Upgrade Goldman Sachs Group Inc. Neutral to Buy $40.25 to $53.00
2016-01-20 Upgrade Citigroup Inc. Neutral to Buy $56.60 to $38.40
2016-01-13 Reiterated Rating Piper Jaffray Overweight $73.00
2016-01-06 Initiated Coverage Robert W. Baird Neutral $50.00
2015-12-28 Reiterated Rating Citigroup Inc. Hold
2015-12-27 Initiated Coverage SunTrust Hold
2015-12-27 Initiated Coverage SunTrust Banks Inc. Hold
2015-12-22 Reiterated Rating Citigroup Inc. Hold $46.00 to $51.00
2015-12-21 Initiated Coverage SunTrust Neutral $53.00
2015-12-16 Reiterated Rating Cowen and Company Buy $61.00
2015-12-08 Initiated Coverage Pacific Crest Sector Weight
2015-12-02 Reiterated Rating Wedbush Outperform $55.00
2015-11-13 Boost Price Target Citigroup Inc. $45.00 to $46.00
2015-11-12 Reiterated Rating Piper Jaffray Overweight $60.00 to $73.00
2015-11-11 Boost Price Target Cowen and Company Outperform $55.00 to $61.00
2015-11-10 Reiterated Rating Canaccord Genuity Buy $56.00
2015-11-10 Upgrade Raymond James Outperform to Strong-Buy $60.00
2015-11-02 Reiterated Rating Cowen and Company Buy
2015-10-06 Reiterated Rating Wells Fargo Outperform
2015-10-06 Reiterated Rating Wells Fargo & Co. Outperform
2015-09-22 Reiterated Rating Cowen and Company Outperform $55.00
2015-09-14 Reiterated Rating Piper Jaffray Buy $60.00
2015-09-08 Upgrade Bank of America Neutral to Buy $45.00
2015-09-08 Upgrade Bank of America Corp. Neutral to Buy $45.00
2015-09-04 Reiterated Rating Piper Jaffray Buy $60.00
2015-08-14 Boost Price Target Citigroup Inc. Neutral $33.00 to $45.00
2015-08-13 Reiterated Rating Wedbush Buy $40.00 to $55.00
2015-08-12 Reiterated Rating Canaccord Genuity Buy $50.00
2015-08-12 Reiterated Rating Cowen and Company Buy $37.00 to $55.00
2015-07-31 Initiated Coverage Evercore ISI Buy $45.00
2015-05-13 Boost Price Target Cowen and Company Outperform $34.00 to $37.00
2015-05-12 Reiterated Rating Oppenheimer Market Perform
2015-05-11 Set Price Target Canaccord Genuity Buy $38.00
2015-04-17 Downgrade Goldman Sachs Buy to Neutral $34.53 to $36.00
2015-04-06 Boost Price Target Janney Montgomery Scott Buy $37.00 to $44.00
2015-03-31 Initiated Coverage Oppenheimer Market Perform
2015-03-09 Reiterated Rating Canaccord Genuity Buy $36.00
2015-03-05 Set Price Target Pacific Crest Buy $39.00
2015-03-02 Downgrade Citigroup Inc. Buy to Neutral $31.00 to $26.00
2015-02-27 Boost Price Target Canaccord Genuity Buy $34.00 to $36.00
2015-01-07 Initiated Coverage Stifel Nicolaus Hold $24.00
2014-11-25 Initiated Coverage HSBC Overweight
2014-11-11 Reiterated Rating Cowen and Company Outperform
2014-10-27 Initiated Coverage Canaccord Genuity Buy $34.00
2014-10-27 Initiated Coverage Bank of America Neutral $30.00
2014-10-27 Initiated Coverage Cowen and Company Outperform $31.00
2014-10-27 Initiated Coverage Raymond James Outperform $30.00
2014-10-27 Initiated Coverage Citigroup Inc. Buy $30.00
2014-10-27 Initiated Coverage Goldman Sachs Buy
2014-10-27 Initiated Coverage Pacific Crest Outperform $39.00
2014-10-27 Initiated Coverage Wells Fargo & Co. Outperform
2014-10-27 Initiated Coverage Piper Jaffray Overweight $40.00
2014-10-27 Initiated Coverage Wells Fargo Outperform
2014-10-22 Initiated Coverage William Blair Market Perform
2014-10-10 Initiated Coverage Janney Montgomery Scott Buy $26.71 to $34.00
2014-10-09 Initiated Coverage Wedbush Buy to Outperform $40.00
2016-06-21 Reiterated Rating Cowen and Company Buy $61.00
2016-06-16 Initiated Coverage Longbow Research Neutral
2016-06-10 Initiated Coverage William Blair Market Perform
2016-05-26 Initiated Coverage Maxim Group Buy $50.00
2016-05-10 Downgrade Citigroup Inc. Buy to Neutral $51.00 to $45.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks