Warby Parker (NYSE:WRBY) Director Youngme Moon Sells 38,832 Shares

Warby Parker Inc. (NYSE:WRBY) Director Youngme Moon sold 38,832 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $29.07, for a total value of $1,128,846.24. Following the sale, the director owned 27,057 shares of the company’s stock, valued at $786,546.99. The trade was a 58.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Warby Parker Stock Performance

NYSE WRBY opened at $26.90 on Tuesday. Warby Parker Inc. has a one year low of $13.63 and a one year high of $31.00. The company’s 50 day moving average price is $20.61 and its 200 day moving average price is $23.09. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 2,690.10 and a beta of 2.06.

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

Wall Street Analyst Weigh In

Several research analysts have commented on WRBY shares. Wall Street Zen lowered Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Citigroup upgraded Warby Parker from a “hold” rating to an “outperform” rating in a research note on Wednesday, December 10th. BTIG Research boosted their price target on Warby Parker from $25.00 to $32.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Warby Parker in a report on Monday, December 8th. Finally, UBS Group dropped their price objective on shares of Warby Parker from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Eleven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $25.50.

Hedge Funds Weigh In On Warby Parker

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers bought a new stake in shares of Warby Parker in the first quarter worth $319,000. Charles Schwab Investment Management Inc. grew its holdings in Warby Parker by 0.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 744,589 shares of the company’s stock worth $13,574,000 after acquiring an additional 2,039 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Warby Parker in the 1st quarter valued at about $30,549,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Warby Parker during the first quarter worth about $58,000. Finally, Lord Abbett & CO. LLC lifted its position in shares of Warby Parker by 7.6% during the first quarter. Lord Abbett & CO. LLC now owns 361,183 shares of the company’s stock worth $6,584,000 after purchasing an additional 25,624 shares during the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Warby Parker Company Profile

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.