TD Asset Management Inc Has $2.09 Million Stake in Warby Parker Inc. (NYSE:WRBY)

TD Asset Management Inc lessened its position in shares of Warby Parker Inc. (NYSE:WRBYFree Report) by 41.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,168 shares of the company’s stock after selling 106,804 shares during the period. TD Asset Management Inc owned about 0.15% of Warby Parker worth $2,089,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WRBY. Strs Ohio acquired a new position in Warby Parker during the fourth quarter worth $40,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Warby Parker by 137,633.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company’s stock worth $54,000 after buying an additional 4,129 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of Warby Parker in the 4th quarter valued at about $141,000. Victory Capital Management Inc. acquired a new stake in shares of Warby Parker in the fourth quarter valued at about $160,000. Finally, Jump Financial LLC bought a new stake in Warby Parker during the fourth quarter worth about $208,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Warby Parker Stock Performance

Shares of WRBY opened at $16.63 on Friday. The firm has a market cap of $1.65 billion, a P/E ratio of -35.38 and a beta of 1.86. Warby Parker Inc. has a 52 week low of $9.83 and a 52 week high of $17.95. The firm’s 50-day simple moving average is $14.50 and its 200 day simple moving average is $13.42.

Warby Parker (NYSE:WRBYGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $200.00 million during the quarter, compared to analysts’ expectations of $196.25 million. Warby Parker had a negative return on equity of 13.19% and a negative net margin of 7.89%. As a group, equities analysts forecast that Warby Parker Inc. will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

WRBY has been the topic of several recent analyst reports. UBS Group boosted their price target on Warby Parker from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $19.00 price target on shares of Warby Parker in a research report on Thursday, May 9th. Finally, Morgan Stanley boosted their price objective on shares of Warby Parker from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.50.

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About Warby Parker

(Free Report)

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.

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Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

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