Warby Parker (WRBY) to Release Quarterly Earnings on Wednesday

Warby Parker (NYSE:WRBY) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 8th. Analysts expect Warby Parker to post earnings of $0.01 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Warby Parker (NYSE:WRBY) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The business had revenue of $166.09 million for the quarter, compared to analysts’ expectations of $161.63 million. Warby Parker had a negative return on equity of 21.07% and a negative net margin of 11.18%. On average, analysts expect Warby Parker to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Warby Parker Price Performance

Shares of WRBY opened at $13.66 on Monday. The firm has a market cap of $1.33 billion, a P/E ratio of -22.03 and a beta of 1.83. The stock has a 50 day simple moving average of $12.98 and a two-hundred day simple moving average of $12.56. Warby Parker has a 1 year low of $9.50 and a 1 year high of $18.99.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 5,016 shares of Warby Parker stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $11.92, for a total value of $59,790.72. Following the completion of the transaction, the chief executive officer now directly owns 106 shares in the company, valued at $1,263.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Warby Parker news, Director Teresa Briggs sold 9,720 shares of Warby Parker stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $12.94, for a total value of $125,776.80. Following the transaction, the director now owns 13,820 shares in the company, valued at $178,830.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Neil Harris Blumenthal sold 5,016 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $11.92, for a total transaction of $59,790.72. Following the transaction, the chief executive officer now owns 106 shares in the company, valued at $1,263.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 424,878 shares of company stock worth $5,199,246. Corporate insiders own 26.91% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its position in shares of Warby Parker by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 29,167 shares of the company’s stock worth $986,000 after purchasing an additional 5,641 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Warby Parker by 66.1% in the 1st quarter. HighTower Advisors LLC now owns 8,530 shares of the company’s stock valued at $289,000 after purchasing an additional 3,396 shares during the period. PNC Financial Services Group Inc. bought a new stake in shares of Warby Parker during the 1st quarter worth approximately $277,000. BlackRock Inc. lifted its holdings in shares of Warby Parker by 10.0% during the 1st quarter. BlackRock Inc. now owns 190,983 shares of the company’s stock worth $6,457,000 after acquiring an additional 17,340 shares during the period. Finally, Vanguard Group Inc. increased its position in Warby Parker by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 4,499,290 shares of the company’s stock worth $152,121,000 after purchasing an additional 14,620 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Evercore ISI raised Warby Parker from an “in-line” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Tuesday, October 3rd. UBS Group started coverage on Warby Parker in a research report on Monday, September 25th. They issued a “neutral” rating and a $13.00 price objective on the stock. Citigroup increased their price target on Warby Parker from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Morgan Stanley upped their price objective on Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a research note on Thursday, August 10th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

About Warby Parker

Warby Parker Inc provides eyewear products. The company offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering 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.