|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's range||122.00 - 126.98|
|52-week range||55.33 - 151.20|
|Beta (3Y monthly)||2.16|
|PE ratio (TTM)||N/A|
|Earnings date||1 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||129.52|
Etsy (ETSY) is a fast-growing online retailer. The company started as a seller of craft and vintage items, but over the years, it added several other categories to its online platform. However, its strength in vintage craft and goods is its main driving force. Having the first mover’s advantage, the company has fended off competition from Amazon’s Handmade service. Also, relatively low seller fees are an added advantage.
There has been just one price revision for Etsy (ETSY) in the last 30 days. On October 2, Keybanc raised the price target to $59.00 from $51.00 earlier. Currently, Etsy’s mean target price is $51.00, which indicates a 30.8% upside to the stock price on October 11.
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.
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 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.
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.
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)
Home decor retailer At Home Group (HOME) stock has risen 11.9% YTD (year-to-date) to $34.02 as of August 20. The stock could likely sustain that momentum after its fiscal second quarter of 2019. Analysts are expecting double-digit growth for both its top and bottom lines. For the upcoming quarterly results, its sales are expected to rise 23.5%, and its adjusted EPS is expected to rise 83.3%.
At Home Group (HOME) is scheduled to announce its fiscal second-quarter of 2019 results on August 29. Its adjusted EPS estimate is $0.33 compared to $0.18 in fiscal Q2 2018. Higher sales along with a lower tax rate could likely drive its bottom-line performance.
For the fiscal second quarter of 2019, Wall Street estimates that At Home Group (HOME) will report a 23.5% increase in sales to $286.5 million. The company is scheduled to report its fiscal second-quarter results on August 29.
e-Commerce retailer Overstock’s (OSTK) adjusted second-quarter EPS came in at -$2.14, compared with analysts’ projection of -$0.82. On a reported basis, the company’s EPS was -$2.20, a much wider loss compared than its EPS of -$0.29 reported in the second quarter of 2017.
Overstock (OSTK) reported its second-quarter results on August 9. The company’s revenues of $483.1 million easily topped the analysts’ consensus estimate of $474.2 million and grew 12% on a YoY (year-over-year) basis. The company has increased its advertising spending, which led to a growth in revenues.