Hussman Strategic Advisors Inc. Makes New $675,000 Investment in Warby Parker Inc. (NYSE:WRBY)

Hussman Strategic Advisors Inc. purchased a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 42,000 shares of the company's stock, valued at approximately $675,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Warby Parker by 2.6% during the first quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company's stock worth $118,095,000 after purchasing an additional 219,120 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Warby Parker by 113.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock worth $39,787,000 after purchasing an additional 1,315,672 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in Warby Parker by 149.4% during the first quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company's stock worth $22,970,000 after purchasing an additional 1,011,030 shares in the last quarter. Jennison Associates LLC increased its position in shares of Warby Parker by 17.2% in the first quarter. Jennison Associates LLC now owns 1,000,138 shares of the company's stock valued at $13,612,000 after buying an additional 146,697 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Warby Parker by 14.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 807,272 shares of the company's stock worth $12,965,000 after buying an additional 104,360 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bradley E. Singer acquired 50,000 shares of Warby Parker stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of $13.00 per share, with a total value of $650,000.00. Following the purchase, the director now directly owns 100,000 shares of the company's stock, valued at approximately $1,300,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Warby Parker news, Director Bradley E. Singer acquired 50,000 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was bought at an average price of $13.00 per share, with a total value of $650,000.00. Following the completion of the transaction, the director now directly owns 100,000 shares of the company's stock, valued at $1,300,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Teresa Briggs sold 7,396 shares of the firm's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $16.31, for a total transaction of $120,628.76. Following the completion of the transaction, the director now directly owns 38,859 shares in the company, valued at approximately $633,790.29. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,848,537 shares of company stock valued at $91,938,722. 26.55% of the stock is currently owned by company insiders.

Warby Parker Trading Down 0.3 %

WRBY traded down $0.04 during midday trading on Friday, hitting $14.92. The company's stock had a trading volume of 2,969,468 shares, compared to its average volume of 2,141,733. Warby Parker Inc. has a 52-week low of $9.83 and a 52-week high of $17.95. The firm has a 50-day moving average price of $15.34 and a two-hundred day moving average price of $14.55. The firm has a market cap of $1.48 billion, a P/E ratio of -31.74 and a beta of 1.82.

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

Wall Street Analysts Forecast Growth

WRBY has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of Warby Parker from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Friday, May 10th. Stifel Nicolaus upped their target price on Warby Parker from $14.00 to $15.00 and gave the company a "hold" rating in a research note on Friday, August 9th. UBS Group raised their price target on Warby Parker from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Friday, May 10th. Piper Sandler assumed coverage on Warby Parker in a report on Friday, August 23rd. They issued an "overweight" rating and a $18.00 price target for the company. Finally, JMP Securities upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.11.

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.