Warby Parker (NYSE:WRBY) Price Target Raised to $20.00 at BTIG Research

Warby Parker (NYSE:WRBY) had its price target hoisted by BTIG Research from $18.00 to $20.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on WRBY. Stifel Nicolaus upped their price objective on Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Telsey Advisory Group restated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research note on Thursday, October 31st. Loop Capital upped their price objective on Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $18.00 in a research note on Monday, October 21st. Finally, Piper Sandler assumed coverage on Warby Parker in a research note on Friday, August 23rd. They set an “overweight” rating and a $18.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and an average price target of $17.30.

Warby Parker Price Performance

NYSE:WRBY opened at $17.57 on Friday. Warby Parker has a 1 year low of $9.83 and a 1 year high of $18.37. The stock’s 50 day simple moving average is $15.57 and its two-hundred day simple moving average is $15.37. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -45.28 and a beta of 1.80.

Warby Parker (NYSE:WRBY) last released its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. The firm had revenue of $188.22 million for the quarter, compared to the consensus estimate of $186.89 million. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. As a group, analysts anticipate that Warby Parker will post -0.04 EPS for the current year.

Insider Activity at Warby Parker

In other news, CFO Steven Clive Miller sold 15,272 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $198,536.00. Following the transaction, the chief financial officer now directly owns 184,251 shares of the company’s stock, valued at approximately $2,395,263. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Bradley E. Singer bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average cost of $13.00 per share, with a total value of $650,000.00. Following the completion of the acquisition, the director now directly owns 100,000 shares in the company, valued at approximately $1,300,000. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 15,272 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $198,536.00. Following the sale, the chief financial officer now directly owns 184,251 shares in the company, valued at approximately $2,395,263. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock valued at $1,339,901 in the last ninety days. Corporate insiders own 26.55% of the company’s stock.

Institutional Trading of Warby Parker

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobson & Schmitt Advisors LLC grew its holdings in Warby Parker by 0.3% during the first 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 during the period. ProShare Advisors LLC boosted 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 worth $211,000 after purchasing an additional 1,434 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Warby Parker by 3.4% during the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock worth $782,000 after purchasing an additional 1,556 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Warby Parker by 11.5% during 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 in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

About Warby Parker

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.