Police & Firemen s Retirement System of New Jersey Has $493,000 Stock Position in Warby Parker Inc. $WRBY

Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 19.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,470 shares of the company’s stock after acquiring an additional 3,639 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Warby Parker were worth $493,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of WRBY. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Warby Parker during the first quarter worth approximately $2,029,000. Harbor Capital Advisors Inc. bought a new stake in shares of Warby Parker in the second quarter valued at approximately $1,219,000. Kings Path Partners LLC acquired a new stake in Warby Parker during the second quarter worth approximately $300,000. Dynamic Technology Lab Private Ltd acquired a new stake in Warby Parker during the first quarter worth approximately $656,000. Finally, Ieq Capital LLC increased its stake in Warby Parker by 113.4% during the 1st quarter. Ieq Capital LLC now owns 29,643 shares of the company’s stock worth $540,000 after acquiring an additional 15,749 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Roth Capital set a $24.00 target price on Warby Parker and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Wall Street Zen cut shares of Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Robert W. Baird set a $30.00 target price on shares of Warby Parker and gave the company an “outperform” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Warby Parker in a research report on Wednesday, November 19th. Finally, Zacks Research upgraded shares of Warby Parker from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 4th. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.53.

Warby Parker Stock Performance

NYSE WRBY opened at $19.98 on Wednesday. The firm’s fifty day moving average price is $22.08 and its two-hundred day moving average price is $22.80. The stock has a market cap of $2.11 billion, a PE ratio of 1,998.40 and a beta of 2.06. Warby Parker Inc. has a fifty-two week low of $13.63 and a fifty-two week high of $29.73.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.03). The firm had revenue of $221.68 million for the quarter, compared to analyst estimates of $224.49 million. Warby Parker had a net margin of 0.08% and a return on equity of 1.96%. The company’s revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business earned ($0.03) EPS. Warby Parker has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Warby Parker Inc. will post -0.12 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 8,416 shares of Warby Parker stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.52, for a total transaction of $231,608.32. Following the sale, the chief executive officer directly owned 32,733 shares in the company, valued at $900,812.16. This trade represents a 20.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joel E. Cutler sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $26.75, for a total transaction of $936,250.00. Following the completion of the transaction, the director owned 19,932 shares of the company’s stock, valued at approximately $533,181. This trade represents a 63.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 85,000 shares of company stock worth $2,312,661. Company insiders own 18.24% of the company’s stock.

Warby Parker Company Profile

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.