Warby Parker Inc. (NYSE:WRBY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 6.7% in the 2nd quarter, Holdings Channel reports. The firm owned 125,302 shares of the company’s stock after buying an additional 7,820 shares during the period. Rhumbline Advisers’ holdings in Warby Parker were worth $2,012,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Warby Parker by 2.6% during the first quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock valued at $118,095,000 after purchasing an additional 219,120 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Warby Parker by 113.3% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock valued at $39,787,000 after acquiring an additional 1,315,672 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Warby Parker by 149.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company’s stock valued at $22,970,000 after acquiring an additional 1,011,030 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Warby Parker by 17.2% in the 1st quarter. Jennison Associates LLC now owns 1,000,138 shares of the company’s stock valued at $13,612,000 after acquiring an additional 146,697 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Warby Parker by 14.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company’s stock valued at $12,965,000 after acquiring an additional 104,360 shares in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WRBY shares. Stifel Nicolaus upped their price target on shares of Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Piper Sandler started coverage on shares of Warby Parker in a research report on Friday, August 23rd. They issued an “overweight” rating and a $18.00 price target for the company. 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 report on Friday, August 23rd. Telsey Advisory Group restated an “outperform” rating and issued a $19.00 price target on shares of Warby Parker in a research report on Thursday, August 8th. Finally, Loop Capital upped their price target on shares of Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, July 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

Insider Activity

In other news, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Warby Parker news, Director Bradley E. Singer purchased 50,000 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $650,000.00. Following the acquisition, the director now owns 100,000 shares of the company’s stock, valued at $1,300,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total transaction of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is owned by corporate insiders.

Warby Parker Stock Up 1.2 %

WRBY stock opened at $14.74 on Friday. Warby Parker Inc. has a 12-month low of $9.83 and a 12-month high of $17.95. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -31.35 and a beta of 1.80. The company has a 50 day moving average of $14.91 and a two-hundred day moving average of $14.57.

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

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.