Analysts Set Warby Parker Inc. (NYSE:WRBY) PT at $16.29

Warby Parker Inc. (NYSE:WRBYGet Free Report) has been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.29.

A number of analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Telsey Advisory Group reissued an “outperform” rating and issued a $19.00 target price on shares of Warby Parker in a report on Wednesday, February 28th.

View Our Latest Stock Analysis on WRBY

Warby Parker Stock Down 2.4 %

NYSE:WRBY opened at $13.22 on Friday. The stock’s fifty day moving average is $13.19 and its two-hundred day moving average is $12.93. Warby Parker has a 52 week low of $9.83 and a 52 week high of $16.49. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -24.48 and a beta of 1.63.

Warby Parker (NYSE:WRBYGet Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. The firm had revenue of $161.86 million for the quarter, compared to analyst estimates of $161.01 million. On average, sell-side analysts expect that Warby Parker will post -0.17 EPS for the current fiscal year.

Insider Transactions at Warby Parker

In related news, CEO David Abraham Gilboa sold 28,311 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $336,334.68. Following the completion of the sale, the chief executive officer now owns 12,306 shares in the company, valued at $146,195.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO David Abraham Gilboa sold 28,311 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $336,334.68. Following the completion of the sale, the chief executive officer now owns 12,306 shares in the company, valued at $146,195.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Steven Clive Miller sold 8,708 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the completion of the transaction, the chief financial officer now directly owns 191,104 shares of the company’s stock, valued at $2,270,315.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,084 shares of company stock worth $1,074,979. Company insiders own 26.91% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Durable Capital Partners LP increased its stake in shares of Warby Parker by 42.3% during the 1st quarter. Durable Capital Partners LP now owns 14,808,493 shares of the company’s stock worth $500,675,000 after purchasing an additional 4,405,581 shares in the last quarter. FMR LLC increased its stake in shares of Warby Parker by 0.5% during the 3rd quarter. FMR LLC now owns 9,277,969 shares of the company’s stock worth $122,098,000 after purchasing an additional 43,601 shares in the last quarter. Vanguard Group Inc. grew its stake in Warby Parker by 7.7% in the 4th quarter. Vanguard Group Inc. now owns 8,457,986 shares of the company’s stock worth $119,258,000 after acquiring an additional 607,352 shares during the period. Baillie Gifford & Co. grew its stake in Warby Parker by 6.3% in the 4th quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company’s stock worth $90,669,000 after acquiring an additional 378,781 shares during the period. Finally, BlackRock Inc. grew its stake in Warby Parker by 9.5% in the 2nd quarter. BlackRock Inc. now owns 5,782,370 shares of the company’s stock worth $67,596,000 after acquiring an additional 499,725 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker Company Profile

(Get Free Report

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.

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Analyst Recommendations for Warby Parker (NYSE:WRBY)

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