Warby Parker (NYSE:WRBY) Stock Price Target Raised at Citizens Jmp

Warby Parker (NYSE:WRBY) had its price objective increased by Citizens Jmp from $29.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a market outperform rating on the stock.

WRBY has been the subject of several other reports. UBS Group boosted their price target on shares of Warby Parker from $28.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Warby Parker in a research report on Thursday, September 17th. Weiss Ratings cut Warby Parker from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Citigroup reiterated a “market outperform” rating on shares of Warby Parker in a report on Thursday, September 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $32.00 price objective on shares of Warby Parker in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.42.

Warby Parker Price Performance

NYSE WRBY traded down $0.45 on Friday, reaching $25.63. 5,095,052 shares of the company’s stock traded hands, compared to its average volume of 2,662,640. The stock has a market cap of $2.77 billion, a PE ratio of 427.25, a P/E/G ratio of 6.47 and a beta of 1.95. Warby Parker has a 12 month low of $16.26 and a 12 month high of $31.00. The stock has a 50-day simple moving average of $24.91 and a 200 day simple moving average of $25.12.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). Warby Parker had a return on equity of 3.36% and a net margin of 0.85%. The business had revenue of $244.74 million during the quarter, compared to the consensus estimate of $244.92 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. As a group, analysts anticipate that Warby Parker will post 0.12 EPS for the current year.

Insiders Place Their Bets

In other Warby Parker news, CEO Neil Blumenthal sold 100,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $27.69, for a total value of $2,769,000.00. Following the sale, the chief executive officer owned 36,020 shares of the company’s stock, valued at $997,393.80. This trade represents a 73.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Warby Parker

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Warby Parker by 105.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company’s stock worth $28,000 after purchasing an additional 673 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Warby Parker by 53.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the company’s stock worth $37,000 after buying an additional 468 shares during the period. Parallel Advisors LLC lifted its holdings in Warby Parker by 110.7% in the 1st quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock worth $39,000 after buying an additional 965 shares during the period. Essential Partners LLC grew its position in shares of Warby Parker by 44.2% in the 1st quarter. Essential Partners LLC now owns 2,570 shares of the company’s stock worth $54,000 after buying an additional 788 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Warby Parker by 839.3% in the 3rd quarter. Sterling Capital Management LLC now owns 3,419 shares of the company’s stock worth $95,000 after buying an additional 3,055 shares during the last quarter. 93.24% of the stock is owned by institutional investors.

More Warby Parker News

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

• Positive Sentiment: Citizens JMP raised its price target to $40 from $29 and reiterated “market outperform.” The new target implies about 56% upside from the $25.63 reference price. Citizens JMP rating
• Positive Sentiment: Management signaled 15%–20% revenue growth for Q4 and expects deliveries of its new Intelligent Eyewear to begin in mid-December, providing a possible growth driver. Q4 growth outlook and Intelligent Eyewear
• Positive Sentiment: Q3 revenue rose 10.4% year over year to $244.7 million, with active customers up 3% to 2.74 million, average revenue per customer up 6.7%, and gross margin improving to 54.4%. These trends support the growth narrative. Q3 results
• Neutral Sentiment: One report noted WRBY moved above its 200-day moving average, a potentially supportive technical signal, although it does not resolve the earnings concerns. Moving-average report
• Negative Sentiment: Profit results were less clear and may weigh on sentiment. The supplied earnings data shows $0.04 per share versus a $0.09 consensus estimate, while another report cited $0.11 and a beat—likely reflecting different earnings measures. Revenue was approximately in line with estimates. Q3 metrics comparison
• Negative Sentiment: Coverage also flagged substantial spending ahead, which could limit near-term profitability even as Warby Parker expands stores and product lines. Q3 spending outlook

Warby Parker Company Profile

Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.

Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.