Warby Parker (NYSE:WRBY) Price Target Lowered to $29.00 at Citizens Jmp

Warby Parker (NYSE:WRBY) had its price target lowered by investment analysts at Citizens Jmp from $30.00 to $29.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. Citizens Jmp’s price objective would suggest a potential upside of 8.23% from the stock’s current price.

WRBY has been the topic of several other research reports. Piper Sandler reissued an “overweight” rating on shares of Warby Parker in a research report on Tuesday, May 19th. Roth Capital reiterated a “neutral” rating and issued a $28.00 price objective on shares of Warby Parker in a research note on Wednesday. Weiss Ratings upgraded shares of Warby Parker from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Bank of America assumed coverage on shares of Warby Parker in a report on Monday, June 29th. They set a “buy” rating and a $33.00 target price on the stock. Finally, BTIG Research increased their target price on Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Eight research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.18.

Warby Parker Stock Down 0.6%

WRBY traded down $0.16 during trading hours on Friday, hitting $26.80. The stock had a trading volume of 1,278,279 shares, compared to its average volume of 3,127,933. Warby Parker has a 1 year low of $14.96 and a 1 year high of $31.00. The company’s fifty day simple moving average is $26.60 and its 200 day simple moving average is $25.09. The stock has a market cap of $2.87 billion, a PE ratio of 1,333.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.92.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $242.45 million for the quarter, compared to analysts’ expectations of $239.44 million. Warby Parker had a net margin of 0.15% and a return on equity of 2.30%. Warby Parker’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. As a group, equities analysts expect that Warby Parker will post 0.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Youngme E. Moon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $26.53, for a total value of $265,300.00. Following the completion of the transaction, the director directly owned 26,061 shares in the company, valued at approximately $691,398.33. This trade represents a 27.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bradley E. Singer sold 4,833 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $29.01, for a total transaction of $140,205.33. Following the transaction, the director directly owned 100,000 shares of the company’s stock, valued at approximately $2,901,000. This represents a 4.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 366,207 shares of company stock valued at $10,814,738. Corporate insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WRBY. JPMorgan Chase & Co. increased its stake in Warby Parker by 32.5% in the 4th quarter. JPMorgan Chase & Co. now owns 9,679,067 shares of the company’s stock worth $210,907,000 after acquiring an additional 2,375,726 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Warby Parker by 31.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,028,307 shares of the company’s stock worth $63,806,000 after purchasing an additional 722,627 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Warby Parker by 17.2% in the fourth quarter. Bank of New York Mellon Corp now owns 2,594,171 shares of the company’s stock worth $56,527,000 after purchasing an additional 381,071 shares during the last quarter. State Street Corp increased its position in shares of Warby Parker by 9.2% in the fourth quarter. State Street Corp now owns 2,408,610 shares of the company’s stock worth $52,484,000 after purchasing an additional 202,029 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Warby Parker by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 2,297,123 shares of the company’s stock valued at $50,064,000 after purchasing an additional 11,736 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Warby Parker News Roundup

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Warby Parker reported adjusted second-quarter earnings of approximately $0.13 per share, above the $0.12 consensus estimate and up from $0.08 a year earlier. Results also benefited from a tariff refund, helping the company swing to a profit despite investment in its upcoming artificial-intelligence eyewear. Warby Parker Inc. Surpasses Q2 Earnings Estimates
• Positive Sentiment: The company is preparing to launch intelligent eyewear this fall. Management’s comments suggest the product could provide a new growth opportunity and expand Warby Parker beyond its traditional prescription eyewear offerings. Warby Parker Reaffirms 2026 Revenue Guidance
• Positive Sentiment: Unusual options activity indicated increased bullish positioning: investors purchased 7,805 call options, 72% above typical daily volume. Options activity can amplify short-term trading interest, although it is not a guarantee of future performance.
• Neutral Sentiment: Warby Parker reaffirmed full-year 2026 revenue guidance of $959 million to $976 million. Revenue is expected to grow, but the range is below the roughly $979 million analyst consensus, leaving the market focused on whether the new eyewear product can accelerate growth. Warby Parker 2026 Q2 Results Presentation
• Negative Sentiment: Several reports indicate that second-quarter revenue fell short of expectations, while traffic softness is shaping the near-term outlook. The company’s very low net margin also means one-time benefits, such as the tariff refund, can materially affect reported profitability. Warby Parker Misses Q2 Revenue Estimates

Warby Parker Company Profile

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.