Warby Parker Inc. (NYSE:WRBY) CFO Sells $94,005.70 in Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 6,763 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the completion of the sale, the chief financial officer now directly owns 177,488 shares of the company’s stock, valued at approximately $2,467,083.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Steven Clive Miller also recently made the following trade(s):

• On Friday, September 6th, Steven Clive Miller sold 15,272 shares of Warby Parker stock. The shares were sold at an average price of $13.00, for a total value of $198,536.00.

Warby Parker Trading Up 2.0 %

Shares of WRBY stock opened at $14.65 on Monday. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $17.95. The stock has a fifty day simple moving average of $14.95 and a two-hundred day simple moving average of $14.54. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of -31.17 and a beta of 1.80.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $188.22 million during the quarter, compared to analyst estimates of $186.89 million. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. Research analysts predict that Warby Parker Inc. will post -0.04 EPS for the current fiscal year.

Analyst Ratings Changes

WRBY has been the subject of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research report on Thursday, August 8th. JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Friday, August 23rd. Stifel Nicolaus boosted their price target on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Piper Sandler assumed coverage on Warby Parker in a research note on Friday, August 23rd. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Loop Capital raised their target price on shares of Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Wednesday, July 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and an average target price of $17.11.

Hedge Funds Weigh In On Warby Parker

Several institutional investors have recently bought and sold shares of the business. Panagora Asset Management Inc. grew its stake in Warby Parker by 0.4% in the fourth quarter. Panagora Asset Management Inc. now owns 198,671 shares of the company’s stock valued at $2,801,000 after purchasing an additional 847 shares during the last quarter. Jacobson & Schmitt Advisors LLC raised its stake in shares of Warby Parker by 0.3% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company’s stock worth $5,554,000 after acquiring an additional 1,397 shares in the last quarter. ProShare Advisors LLC lifted its position in Warby Parker by 10.2% during the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company’s stock valued at $211,000 after acquiring an additional 1,434 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after acquiring an additional 2,276 shares in the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock worth $413,000 after purchasing an additional 2,651 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Company Profile

Warby Parker Inc provides eyewear products in the United States and Canada. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, non-prescription lenses, and contact lenses. It also provides accessories, such as cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray through its retail stores, website, and mobile apps.