Warby Parker Inc. (NYSE:WRBY) CFO Sells $198,536.00 in Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) CFO Steven Clive Miller sold 15,272 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now owns 184,251 shares of the company's stock, valued at approximately $2,395,263. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Steven Clive Miller also recently made the following trade(s):

• On Wednesday, June 12th, Steven Clive Miller sold 99,816 shares of Warby Parker stock. The shares were sold at an average price of $16.61, for a total value of $1,657,943.76.

Warby Parker Price Performance

Shares of NYSE WRBY traded down $0.03 during mid-day trading on Tuesday, hitting $13.88. 1,567,944 shares of the stock traded hands, compared to its average volume of 1,391,726. The company has a market cap of $1.40 billion, a PE ratio of -29.53 and a beta of 1.81. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $17.95. The firm has a 50 day simple moving average of $15.06 and a two-hundred day simple moving average of $14.53.

Warby Parker (NYSE:WRBY - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. The company had revenue of $188.22 million for the quarter, compared to analysts' expectations of $186.89 million. On average, equities research analysts anticipate that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

WRBY has been the subject of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Piper Sandler started coverage on shares of Warby Parker in a research report on Friday, August 23rd. They set an "overweight" rating and a $18.00 price objective for the company. Loop Capital raised their target price on shares of Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a report on Wednesday, July 10th. JMP Securities raised shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a report on Friday, August 23rd. Finally, Telsey Advisory Group restated an "outperform" rating and set a $19.00 price objective on shares of Warby Parker in a research report on Thursday, August 8th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.11.

Hedge Funds Weigh In On Warby Parker

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its holdings in Warby Parker by 610.3% during the 2nd quarter. SG Americas Securities LLC now owns 91,598 shares of the company's stock worth $1,471,000 after buying an additional 78,702 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Warby Parker by 302.0% in the first quarter. Janney Montgomery Scott LLC now owns 48,245 shares of the company's stock valued at $657,000 after acquiring an additional 36,245 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock valued at $39,787,000 after purchasing an additional 1,315,672 shares during the period. Vanguard Group Inc. raised its holdings in Warby Parker by 7.7% during the 4th quarter. Vanguard Group Inc. now owns 8,457,986 shares of the company's stock worth $119,258,000 after purchasing an additional 607,352 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Warby Parker by 37.1% during the 1st quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company's stock worth $3,067,000 after purchasing an additional 61,004 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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