Legato Capital Management LLC Acquires New Shares in Warby Parker Inc. (NYSE:WRBY)

Legato Capital Management LLC purchased a new stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 54,360 shares of the company's stock, valued at approximately $1,316,000. Legato Capital Management LLC owned 0.05% of Warby Parker as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of WRBY. AQR Capital Management LLC bought a new stake in Warby Parker during the second quarter worth approximately $186,000. Prentiss Smith & Co. Inc. purchased a new stake in Warby Parker in the third quarter worth about $1,112,000. Zweig DiMenna Associates LLC lifted its stake in Warby Parker by 57.2% in the third quarter. Zweig DiMenna Associates LLC now owns 507,450 shares of the company's stock worth $8,287,000 after acquiring an additional 184,700 shares during the period. Janney Montgomery Scott LLC raised its holdings in Warby Parker by 3.4% in the third quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock worth $782,000 after purchasing an additional 1,556 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in Warby Parker by 12.2% in the third quarter. AIA Group Ltd now owns 182,573 shares of the company's stock worth $2,981,000 after purchasing an additional 19,923 shares in the last quarter. Institutional investors own 93.24% of the company's stock.

Warby Parker Stock Down 2.7 %

Shares of NYSE:WRBY traded down $0.71 on Friday, hitting $25.70. The company had a trading volume of 806,284 shares, compared to its average volume of 1,431,889. The business has a 50 day moving average of $25.51 and a 200 day moving average of $19.99. Warby Parker Inc. has a 52-week low of $11.35 and a 52-week high of $28.68.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $817,645.43. Following the transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at $275,321.97. This trade represents a 74.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Steven Clive Miller sold 7,016 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the sale, the chief financial officer now owns 182,130 shares in the company, valued at $4,343,800.50. The trade was a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 608,032 shares of company stock valued at $15,188,364 over the last quarter. Company insiders own 26.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WRBY. William Blair upgraded Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. Robert W. Baird increased their price objective on Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. BTIG Research raised their target price on Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a report on Friday, November 1st. JMP Securities raised their target price on Warby Parker from $23.00 to $28.00 and gave the company a "market outperform" rating in a report on Monday, December 16th. Finally, Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $15.00 to $18.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Warby Parker has an average rating of "Moderate Buy" and an average target price of $21.77.

Warby Parker 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.