Price T Rowe Associates Inc. MD Purchases 9,367 Shares of Warby Parker Inc. (NYSE:WRBY)

Price T Rowe Associates Inc. MD grew its position in shares of Warby Parker Inc. (NYSE:WRBY) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,421 shares of the company’s stock after buying an additional 9,367 shares during the period. Price T Rowe Associates Inc. MD owned 0.05% of Warby Parker worth $1,294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. boosted its holdings in shares of Warby Parker by 64.7% in the fourth quarter. American Century Companies Inc. now owns 2,144,422 shares of the company’s stock worth $51,916,000 after acquiring an additional 842,558 shares during the period. Great Lakes Advisors LLC bought a new position in Warby Parker in the 4th quarter worth about $14,596,000. Raymond James Financial Inc. purchased a new position in Warby Parker during the 4th quarter valued at about $8,272,000. Renaissance Technologies LLC increased its position in shares of Warby Parker by 18.5% during the fourth quarter. Renaissance Technologies LLC now owns 2,002,400 shares of the company’s stock valued at $48,478,000 after buying an additional 313,100 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Warby Parker by 792.7% in the fourth quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company’s stock worth $7,560,000 after buying an additional 277,278 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 27,967 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $657,783.84. Following the transaction, the chief executive officer now owns 23,961 shares in the company, valued at $563,562.72. The trade was a 53.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Steven Clive Miller sold 11,684 shares of Warby Parker stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the sale, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 26.55% of the company’s stock.

Warby Parker Price Performance

Shares of WRBY stock opened at $15.83 on Friday. The business has a 50-day moving average of $17.30 and a 200 day moving average of $21.50. Warby Parker Inc. has a 1-year low of $12.46 and a 1-year high of $28.68. The stock has a market capitalization of $1.65 billion, a PE ratio of -58.63 and a beta of 2.01.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WRBY. The Goldman Sachs Group increased their target price on shares of Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday. Evercore ISI reissued an “in-line” rating and set a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Telsey Advisory Group lowered their price target on Warby Parker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday. Citigroup raised Warby Parker from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $23.00 to $17.00 in a report on Wednesday, April 30th. Finally, UBS Group raised their target price on shares of Warby Parker from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.21.

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.