Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller Sells 15,709 Shares of Stock

Warby Parker Inc. (NYSE:WRBYGet Free Report) CFO Steven Clive Miller sold 15,709 shares of Warby Parker stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $17.04, for a total value of $267,681.36. Following the completion of the transaction, the chief financial officer now directly owns 166,879 shares of the company’s stock, valued at $2,843,618.16. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Warby Parker Stock Up 1.4 %

Shares of WRBY stock opened at $16.87 on Tuesday. The firm has a market capitalization of $1.67 billion, a P/E ratio of -35.47 and a beta of 1.85. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $17.95. The stock’s fifty day simple moving average is $14.50 and its 200 day simple moving average is $13.46.

Warby Parker (NYSE:WRBYGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $200.00 million for the quarter, compared to analyst estimates 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 research analysts expect that Warby Parker Inc. will post -0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Warby Parker

Institutional investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC bought a new stake in shares of Warby Parker in the 4th quarter valued at about $9,542,000. Polen Capital Management LLC grew its position in shares of Warby Parker by 12.5% in the 3rd quarter. Polen Capital Management LLC now owns 369,840 shares of the company’s stock valued at $4,867,000 after buying an additional 40,982 shares during the last quarter. AIA Group Ltd grew its position in shares of Warby Parker by 49.8% in the 4th quarter. AIA Group Ltd now owns 164,861 shares of the company’s stock valued at $2,325,000 after buying an additional 54,839 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Warby Parker by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock valued at $103,314,000 after buying an additional 219,160 shares during the last quarter. Finally, Rock Springs Capital Management LP grew its position in shares of Warby Parker by 18.9% in the 3rd quarter. Rock Springs Capital Management LP now owns 1,575,000 shares of the company’s stock valued at $20,727,000 after buying an additional 250,000 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Research Report on Warby Parker

Warby Parker Company Profile

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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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Insider Buying and Selling by Quarter for Warby Parker (NYSE:WRBY)

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