Warby Parker Inc. (NYSE:WRBY) Shares Sold by TD Asset Management Inc

TD Asset Management Inc reduced its stake in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 31.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,098 shares of the company's stock after selling 37,070 shares during the quarter. TD Asset Management Inc owned about 0.08% of Warby Parker worth $1,318,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Warby Parker by 610.3% in the second quarter. SG Americas Securities LLC now owns 91,598 shares of the company's stock valued at $1,471,000 after purchasing an additional 78,702 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of 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 in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Warby Parker by 113.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company's stock valued at $39,787,000 after acquiring an additional 1,315,672 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Warby Parker by 7.7% in the fourth quarter. Vanguard Group Inc. now owns 8,457,986 shares of the company's stock valued at $119,258,000 after acquiring an additional 607,352 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Warby Parker by 37.1% in the first quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company's stock valued at $3,067,000 after acquiring an additional 61,004 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Bradley E. Singer acquired 50,000 shares of the business's stock in a transaction dated Tuesday, August 13th. The stock was acquired 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 in the company, valued at approximately $1,300,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Bradley E. Singer purchased 50,000 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased 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 owns 100,000 shares of the company's stock, valued at approximately $1,300,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 27,143 shares of the company's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $352,859.00. Following the transaction, the chief executive officer now directly owns 12,177 shares of the company's stock, valued at approximately $158,301. The disclosure for this sale can be found here. Insiders sold a total of 99,178 shares of company stock valued at $1,339,901 over the last 90 days. Insiders own 26.55% of the company's stock.

Warby Parker Price Performance

WRBY traded up $0.29 during midday trading on Friday, reaching $14.65. 1,387,446 shares of the company's stock were exchanged, compared to its average volume of 1,912,692. The stock has a market capitalization of $1.45 billion, a PE ratio of -31.17 and a beta of 1.80. The business's 50-day moving average price is $14.95 and its 200 day moving average price is $14.54. Warby Parker Inc. has a 1-year low of $9.83 and a 1-year high of $17.95.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on WRBY. Piper Sandler began coverage on shares of Warby Parker in a report on Friday, August 23rd. They issued an "overweight" rating and a $18.00 target price on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $19.00 price objective on shares of Warby Parker in a report on Thursday, August 8th. Loop Capital boosted their price objective on shares of Warby Parker from $15.00 to $16.00 and gave the stock 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 objective on the stock in a report on Friday, August 23rd. Finally, Stifel Nicolaus boosted their price objective 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. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Warby Parker has a consensus rating of "Moderate Buy" and a consensus target price of $17.11.

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.