Atika Capital Management LLC Makes New $982,000 Investment in Warby Parker Inc. $WRBY

Atika Capital Management LLC acquired a new stake in shares of Warby Parker Inc. (NYSE:WRBY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,800 shares of the company’s stock, valued at approximately $982,000.

A number of other large investors have also modified their holdings of WRBY. Choreo LLC lifted its position in Warby Parker by 47.8% in the second quarter. Choreo LLC now owns 15,877 shares of the company’s stock worth $348,000 after purchasing an additional 5,135 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Warby Parker by 209.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 356,372 shares of the company’s stock worth $7,815,000 after acquiring an additional 241,357 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Warby Parker by 51.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 33,104 shares of the company’s stock worth $726,000 after acquiring an additional 11,275 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Warby Parker by 8.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,034 shares of the company’s stock valued at $220,000 after acquiring an additional 769 shares in the last quarter. Finally, Eisler Capital Management Ltd. bought a new stake in Warby Parker in the second quarter valued at about $1,553,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 8,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.52, for a total value of $231,608.32. Following the completion of the sale, the chief executive officer owned 32,733 shares of the company’s stock, valued at $900,812.16. This trade represents a 20.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joel E. Cutler sold 35,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were 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 in the company, valued at $533,181. This represents a 63.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 85,000 shares of company stock worth $2,312,661 over the last three months. 18.24% of the stock is owned by insiders.

Warby Parker Stock Performance

Shares of WRBY stock opened at $19.62 on Thursday. 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 $2.07 billion, a PE ratio of 1,962.20 and a beta of 2.06. The stock’s fifty day moving average is $21.93 and its 200-day moving average is $22.77.

Warby Parker (NYSE:WRBY) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Warby Parker had a net margin of 0.08% and a return on equity of 1.96%. The business had revenue of $221.68 million during the quarter, compared to the consensus estimate of $224.49 million. During the same period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. Warby Parker has set its FY 2025 guidance at EPS. As a group, analysts forecast that Warby Parker Inc. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

WRBY has been the subject of a number of analyst reports. Roth Capital set a $24.00 price target on shares of Warby Parker and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Robert W. Baird set a $30.00 target price on Warby Parker and gave the stock an “outperform” rating in a report on Wednesday, July 30th. UBS Group decreased their price target on Warby Parker from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $24.00 price target on shares of Warby Parker in a research report on Tuesday, November 18th. Finally, The Goldman Sachs Group lifted their price objective on Warby Parker from $27.00 to $31.00 and gave the company a “buy” rating in a report on Monday, October 6th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Warby Parker currently has an average rating of “Hold” and an average price target of $24.53.

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.