Key Points
- Youngme Moon, a Warby Parker director, sold 38,832 shares on Dec. 11 at an average price of $29.07 for about $1.13 million, leaving her with 27,057 shares — a 58.94% drop in her ownership; the sale was disclosed in an SEC filing.
- Warby Parker reported Q results on Nov. 6 with EPS $0.06 versus $0.09 expected and revenue of $221.7M (vs. $224.5M), revenue rose 15.2% YoY, and analysts project -0.12 EPS for the current fiscal year.
- The stock opened at $26.90 with a 1‑year range of $13.63–$31.00 and a $2.84B market cap; institutional ownership is ~93.24% and the consensus rating is a Moderate Buy with a $25.50 target amid several recent upgrades.
Warby Parker Inc. (NYSE:WRBY - Get Free Report) Director Youngme Moon sold 38,832 shares of the firm's stock in a transaction on 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 transaction, the director owned 27,057 shares in the company, valued at $786,546.99. This trade represents a 58.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Warby Parker Price Performance
WRBY stock opened at $26.90 on Tuesday. Warby Parker Inc. has a 1-year low of $13.63 and a 1-year high of $31.00. The firm has a fifty day moving average price of $20.61 and a two-hundred day moving average price of $23.09. The firm has a market cap of $2.84 billion, a price-to-earnings ratio of 2,690.10 and a beta of 2.06.
Warby Parker (NYSE:WRBY - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.03). The company had revenue of $221.68 million during the quarter, compared to analyst estimates of $224.49 million. Warby Parker had a net margin of 0.08% and a return on equity of 1.96%. The business's revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. As a group, analysts expect that Warby Parker Inc. will post -0.12 EPS for the current fiscal year.
Institutional Investors Weigh In On Warby Parker
Several hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in shares of Warby Parker by 259.3% in the third quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company's stock worth $33,000 after purchasing an additional 861 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Warby Parker by 400.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company's stock valued at $35,000 after buying an additional 1,281 shares during the period. Huntington National Bank increased its stake in Warby Parker by 111.0% in the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company's stock valued at $37,000 after buying an additional 881 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Warby Parker in the 1st quarter worth approximately $58,000. Finally, NewEdge Advisors LLC boosted its stake in shares of Warby Parker by 56.7% during the 3rd quarter. NewEdge Advisors LLC now owns 2,350 shares of the company's stock valued at $65,000 after buying an additional 850 shares during the period. 93.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages recently commented on WRBY. Citizens Jmp upgraded Warby Parker from a "market perform" rating to an "outperform" rating and set a $30.00 price objective for the company in a research note on Wednesday, December 10th. Telsey Advisory Group restated an "outperform" rating and set a $24.00 price target on shares of Warby Parker in a research report on Tuesday, November 18th. Wall Street Zen lowered shares of Warby Parker from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. Citigroup upgraded shares of Warby Parker from a "hold" rating to an "outperform" rating in a research report on Wednesday, December 10th. Finally, The Goldman Sachs Group lifted their price target on Warby Parker from $27.00 to $31.00 and gave the company a "buy" rating in a report on Monday, October 6th. Eleven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $25.50.
Get Our Latest Analysis on Warby Parker
About Warby Parker
(
Get Free Report)
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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