Warby Parker (WRBY) Projected to Post Quarterly Earnings on Thursday

Warby Parker (NYSE:WRBY) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $187.17 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Warby Parker Stock Performance

Shares of Warby Parker stock opened at $23.26 on Tuesday. The firm has a fifty day moving average of $25.65 and a two-hundred day moving average of $20.43. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -86.13 and a beta of 1.90. Warby Parker has a 52 week low of $11.35 and a 52 week high of $28.68.

Insider Transactions at Warby Parker

In other news, CFO Steven Clive Miller sold 14,853 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the transaction, the chief financial officer now directly owns 189,146 shares in the company, valued at $4,276,591.06. This represents a 7.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the transaction, the chief executive officer now owns 12,177 shares of the company’s stock, valued at approximately $336,206.97. This represents a 80.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 608,032 shares of company stock worth $15,188,364 in the last three months. Insiders own 26.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Robert W. Baird upped their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Citigroup restated a “sell” rating and issued a $23.00 price objective (up previously from $19.00) on shares of Warby Parker in a research report on Wednesday, February 5th. Piper Sandler upped their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. JMP Securities upped their price objective on shares of Warby Parker from $23.00 to $28.00 and gave the company a “market outperform” rating in a research report on Monday, December 16th. Finally, BTIG Research upped their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.92.

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.