Warby Parker (WRBY) Expected to Announce Earnings on Thursday

Warby Parker (NYSE:WRBY) is expected to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $187.63 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Warby Parker Trading Down 2.3 %

NYSE WRBY opened at $22.73 on Wednesday. The stock has a 50-day simple moving average of $25.62 and a 200 day simple moving average of $20.50. The company has a market capitalization of $2.31 billion, a PE ratio of -84.19 and a beta of 1.90. Warby Parker has a 12 month low of $11.35 and a 12 month high of $28.68.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 7,016 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the completion of the sale, the chief financial officer now directly owns 182,130 shares of the company’s stock, valued at approximately $4,343,800.50. The trade was a 3.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the sale, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $275,321.97. This represents a 74.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 608,032 shares of company stock valued at $15,188,364 in the last ninety days. 26.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on WRBY shares. Morgan Stanley increased their price target on Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Telsey Advisory Group restated an “outperform” rating and issued a $28.00 price target on shares of Warby Parker in a report on Thursday, February 20th. Piper Sandler increased their price target on Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Stifel Nicolaus increased their price target on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, December 11th. Finally, BTIG Research increased their price target on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Warby Parker presently has a consensus rating of “Hold” and an average price target of $22.21.

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.