Warby Parker Inc. (WRBY) – What Are Analysts Thinking About This Stock?

Shares of Warby Parker Inc. (NYSE:WRBY) have received a consensus rating of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.00.

WRBY has been the subject of several research reports. Weiss Ratings lowered shares of Warby Parker from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. Citizens Jmp dropped their price objective on shares of Warby Parker from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Friday, August 7th. BTIG Research reiterated a “buy” rating on shares of Warby Parker in a research note on Tuesday. Roth Capital reissued a “neutral” rating and issued a $28.00 target price on shares of Warby Parker in a report on Wednesday, August 5th. Finally, UBS Group lifted their target price on Warby Parker from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, August 7th.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Blumenthal sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was 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 approximately $997,393.80. This trade represents a 73.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 16.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WRBY. EverSource Wealth Advisors LLC boosted its holdings in shares of Warby Parker by 105.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company’s stock valued at $28,000 after acquiring an additional 673 shares during the period. GAMMA Investing LLC grew its position in shares of Warby Parker by 53.7% during the third quarter. GAMMA Investing LLC now owns 1,339 shares of the company’s stock worth $37,000 after acquiring an additional 468 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Warby Parker by 110.7% during the first quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock worth $39,000 after acquiring an additional 965 shares during the last quarter. Essential Partners LLC grew its position in shares of Warby Parker by 44.2% during the first quarter. Essential Partners LLC now owns 2,570 shares of the company’s stock worth $54,000 after acquiring an additional 788 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Warby Parker by 839.3% during the third quarter. Sterling Capital Management LLC now owns 3,419 shares of the company’s stock worth $95,000 after acquiring an additional 3,055 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors.

Warby Parker Price Performance

Warby Parker stock opened at $24.65 on Friday. The company has a market cap of $2.67 billion, a PE ratio of 352.14, a P/E/G ratio of 6.66 and a beta of 1.89. The company has a fifty day moving average price of $25.15 and a two-hundred day moving average price of $25.23. Warby Parker has a 12 month low of $14.96 and a 12 month high of $31.00.

Warby Parker (NYSE:WRBY) last released its earnings results on Thursday, August 6th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.06). The business had revenue of $235.51 million for the quarter, compared to the consensus estimate of $237.98 million. Warby Parker had a net margin of 0.85% and a return on equity of 3.36%. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) EPS. Equities research analysts anticipate that Warby Parker will post 0.14 earnings per share for the current year.

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.