Strs Ohio Takes Position in Warby Parker Inc. $WRBY

Strs Ohio acquired a new stake in Warby Parker Inc. (NYSE:WRBY) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,100 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds also recently made changes to their positions in the company. New York State Teachers Retirement System acquired a new stake in shares of Warby Parker in the first quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Warby Parker in the first quarter valued at approximately $58,000. CWM LLC lifted its position in shares of Warby Parker by 231.9% in the first quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $107,000 after buying an additional 4,091 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Warby Parker by 4,937.0% in the first quarter. GAMMA Investing LLC now owns 6,800 shares of the company’s stock valued at $124,000 after buying an additional 6,665 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Warby Parker during the 1st quarter worth approximately $157,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Stock Performance

Warby Parker stock opened at $28.27 on Wednesday. Warby Parker Inc. has a 52 week low of $13.63 and a 52 week high of $29.73. The stock has a market capitalization of $2.97 billion, a P/E ratio of -403.81 and a beta of 2.10. The stock has a fifty day moving average of $25.65 and a 200-day moving average of $21.34.

Insider Transactions at Warby Parker

In other news, Director Joel E. Cutler sold 35,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $26.75, for a total transaction of $936,250.00. Following the completion of the transaction, the director owned 19,932 shares of the company’s stock, valued at approximately $533,181. The trade was a 63.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $25.11, for a total value of $1,255,500.00. Following the transaction, the chief executive officer directly owned 28,347 shares of the company’s stock, valued at $711,793.17. This trade represents a 63.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 191,000 shares of company stock valued at $4,919,941. Corporate insiders own 18.24% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Warby Parker in a report on Thursday, July 10th. Robert W. Baird set a $30.00 price objective on Warby Parker and gave the company an “outperform” rating in a report on Wednesday, July 30th. BTIG Research reaffirmed a “buy” rating and issued a $28.00 price objective (up from $24.00) on shares of Warby Parker in a report on Thursday, August 7th. Cowen reaffirmed a “buy” rating on shares of Warby Parker in a report on Friday, August 8th. Finally, Wall Street Zen raised Warby Parker from a “hold” rating to a “buy” rating in a report on Monday, September 15th. Eleven analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $24.06.

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.