Anthracite Investment Company Inc. Purchases New Position in Warby Parker Inc. (NYSE:WRBY)

Anthracite Investment Company Inc. bought a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the company's stock, valued at approximately $1,210,000.

Several other large investors also recently added to or reduced their stakes in WRBY. Thrivent Financial for Lutherans purchased a new stake in Warby Parker in the third quarter worth about $213,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Warby Parker by 193.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 89,620 shares of the company's stock worth $1,463,000 after acquiring an additional 59,121 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Warby Parker in the third quarter worth approximately $495,000. Charles Schwab Investment Management Inc. increased its stake in shares of Warby Parker by 13.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 729,049 shares of the company's stock worth $11,905,000 after purchasing an additional 87,868 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Warby Parker by 245.9% during the 3rd quarter. Algert Global LLC now owns 139,546 shares of the company's stock valued at $2,279,000 after purchasing an additional 99,200 shares during the period. 93.24% of the stock is currently owned by institutional investors.

Warby Parker Price Performance

Shares of NYSE:WRBY traded down $0.36 during trading on Friday, hitting $18.64. The company had a trading volume of 1,666,211 shares, compared to its average volume of 1,635,588. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -69.03 and a beta of 1.91. The company has a fifty day simple moving average of $23.60 and a two-hundred day simple moving average of $21.54. Warby Parker Inc. has a one year low of $11.66 and a one year high of $28.68.

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Wall Street Analyst Weigh In

A number of brokerages have issued reports on WRBY. Stifel Nicolaus increased their price target on Warby Parker from $17.00 to $20.00 and gave the stock a "hold" rating in a research note on Wednesday, December 11th. Roth Mkm started coverage on Warby Parker in a report on Tuesday, February 25th. They issued a "neutral" rating and a $26.00 price target on the stock. Roth Capital upgraded Warby Parker to a "strong-buy" rating in a research note on Monday, February 24th. Evercore ISI reiterated an "in-line" rating and set a $23.00 price objective on shares of Warby Parker in a research report on Friday, January 17th. Finally, The Goldman Sachs Group upped their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $23.43.

Insiders Place Their Bets

In other news, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the transaction, the chief financial officer now owns 204,727 shares of the company's stock, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at $563,562.72. This represents a 53.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 389,651 shares of company stock valued at $9,855,092 over the last three months. 26.55% of the stock is owned by company insiders.

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.