New York State Teachers Retirement System Makes New $27,000 Investment in Warby Parker Inc. (NYSE:WRBY)

New York State Teachers Retirement System acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,492 shares of the company’s stock, valued at approximately $27,000.

A number of other hedge funds have also recently made changes to their positions in WRBY. Northern Trust Corp raised its stake in Warby Parker by 7.5% in the fourth quarter. Northern Trust Corp now owns 811,038 shares of the company’s stock valued at $19,635,000 after buying an additional 56,674 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Warby Parker in the first quarter valued at about $602,000. Raymond James Financial Inc. acquired a new position in shares of Warby Parker in the fourth quarter valued at about $8,272,000. Jones Financial Companies Lllp increased its holdings in shares of Warby Parker by 205.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock valued at $37,000 after purchasing an additional 1,028 shares during the period. Finally, Bank of America Corp DE grew its holdings in Warby Parker by 122.8% during the fourth quarter. Bank of America Corp DE now owns 391,868 shares of the company’s stock worth $9,487,000 after acquiring an additional 215,959 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Warby Parker

In other Warby Parker news, Director Youngme E. Moon sold 33,073 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total transaction of $658,152.70. Following the transaction, the director owned 53,869 shares of the company’s stock, valued at $1,071,993.10. This represents a 38.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 18.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Telsey Advisory Group dropped their price objective on Warby Parker from $30.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. Stifel Nicolaus raised their target price on Warby Parker from $18.00 to $21.00 and gave the company a “hold” rating in a research report on Wednesday, May 21st. Citizens Jmp downgraded Warby Parker from an “outperform” rating to a “market perform” rating in a research report on Thursday. JMP Securities reissued a “market perform” rating on shares of Warby Parker in a research note on Thursday. Finally, Cowen reissued a “buy” rating on shares of Warby Parker in a research note on Wednesday, May 21st. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.88.

Warby Parker Stock Performance

WRBY stock opened at $22.20 on Friday. Warby Parker Inc. has a 1 year low of $12.46 and a 1 year high of $28.68. The stock’s 50 day moving average price is $20.54 and its 200 day moving average price is $21.29. The firm has a market cap of $2.32 billion, a P/E ratio of -185.00 and a beta of 2.09.

About Warby Parker

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.