Key Points
- Director Joel Cutler sold 19,932 shares on Dec. 16 at an average price of $26.01 for about $518,431, leaving him with 20,000 shares (a 49.91% reduction in his position).
- Warby Parker reported quarterly revenue of $221.7M and EPS of $0.06, missing estimates despite 15.2% year‑over‑year revenue growth, and analysts now expect about -$0.12 EPS for the current year.
- Analyst and institutional backdrop is mixed but tilted positive: the consensus rating is "Moderate Buy" with an average price target of $26.75, and institutions own roughly 93.24% of the shares.
Warby Parker Inc. (NYSE:WRBY - Get Free Report) Director Joel Cutler sold 19,932 shares of Warby Parker stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $26.01, for a total transaction of $518,431.32. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $520,200. This trade represents a 49.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Warby Parker Stock Down 0.2%
WRBY stock opened at $26.72 on Friday. Warby Parker Inc. has a 52 week low of $13.63 and a 52 week high of $31.00. The firm has a 50-day simple moving average of $20.75 and a 200-day simple moving average of $23.18. The stock has a market capitalization of $2.83 billion, a P/E ratio of 2,672.00 and a beta of 2.06.
Warby Parker (NYSE:WRBY - Get Free Report) last posted 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 firm had revenue of $221.68 million during the quarter, compared to analyst estimates of $224.49 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. The company's quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts expect that Warby Parker Inc. will post -0.12 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts recently commented on WRBY shares. Citigroup upgraded Warby Parker from a "hold" rating to an "outperform" rating in a research report on Wednesday, December 10th. Wall Street Zen cut shares of Warby Parker from a "buy" rating to a "hold" rating in a research note on Saturday, November 1st. UBS Group reduced their target price on shares of Warby Parker from $23.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, November 7th. Citizens Jmp upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $30.00 price target on the stock in a research report on Wednesday, December 10th. Finally, Stifel Nicolaus upped their price objective on shares of Warby Parker from $19.00 to $25.00 and gave the company a "hold" rating in a research note on Friday, December 12th. Eleven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $26.75.
Get Our Latest Report on WRBY
Institutional Investors Weigh In On Warby Parker
A number of hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. purchased a new position in Warby Parker during the third quarter worth about $289,000. NewEdge Advisors LLC increased its holdings 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 worth $65,000 after buying an additional 850 shares during the last quarter. Shelton Capital Management raised its position in shares of Warby Parker by 100.6% during the 3rd quarter. Shelton Capital Management now owns 32,100 shares of the company's stock valued at $885,000 after buying an additional 16,100 shares during the period. Mariner LLC raised its position in shares of Warby Parker by 6.2% during the 3rd quarter. Mariner LLC now owns 25,602 shares of the company's stock valued at $706,000 after buying an additional 1,502 shares during the period. Finally, Lombard Odier Asset Management USA Corp lifted its holdings in Warby Parker by 9.1% in the third quarter. Lombard Odier Asset Management USA Corp now owns 18,818 shares of the company's stock valued at $519,000 after acquiring an additional 1,566 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company's stock.
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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