Warby Parker (NYSE:WRBY – Get Free Report) 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 – Get Free Report) 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
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.
- Five stocks we like better than Warby Parker
- How Can Investors Benefit From After-Hours Trading
- MarketBeat Week in Review – 10/30 – 11/3
- Learn Technical Analysis Skills to Master the Stock Market
- Shocking uranium play that hedge funds kept hidden
- What Are MATANA Stocks?
- Dependable dividends: Why utility stocks are on fire
Receive News & Ratings for Warby Parker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warby Parker and related companies with MarketBeat.com's FREE daily email newsletter.