Dimensional Fund Advisors LP Boosts Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Dimensional Fund Advisors LP raised its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,369,424 shares of the company's stock after purchasing an additional 308,472 shares during the quarter. Dimensional Fund Advisors LP owned 1.38% of Warby Parker worth $21,994,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Jacobson & Schmitt Advisors LLC raised its stake in shares of Warby Parker by 0.3% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company's stock valued at $5,554,000 after acquiring an additional 1,397 shares during the period. ProShare Advisors LLC raised its stake in shares of Warby Parker by 10.2% in the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company's stock valued at $211,000 after acquiring an additional 1,434 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Warby Parker by 79.9% in the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock valued at $70,000 after acquiring an additional 2,276 shares during the period. Arizona State Retirement System raised its stake in shares of Warby Parker by 16.0% in the second quarter. Arizona State Retirement System now owns 23,408 shares of the company's stock valued at $376,000 after acquiring an additional 3,224 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Warby Parker by 30.0% in the second quarter. Quest Partners LLC now owns 23,791 shares of the company's stock valued at $382,000 after acquiring an additional 5,497 shares during the period. Institutional investors own 93.24% of the company's stock.

Insider Activity

In other news, CFO Steven Clive Miller sold 15,272 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $198,536.00. Following the sale, the chief financial officer now directly owns 184,251 shares in the company, valued at approximately $2,395,263. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Bradley E. Singer bought 50,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average cost of $13.00 per share, for a total transaction 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. This trade represents a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 15,272 shares of Warby Parker 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 $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 $2,395,263. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,178 shares of company stock worth $1,339,901. Corporate insiders own 26.55% of the company's stock.

Warby Parker Price Performance

NYSE WRBY traded up $0.59 during trading on Friday, reaching $16.10. 1,339,842 shares of the company's stock traded hands, compared to its average volume of 1,393,473. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -33.00 and a beta of 1.82. The company's 50 day simple moving average is $14.70 and its two-hundred day simple moving average is $14.81. Warby Parker Inc. has a 12-month low of $9.83 and a 12-month high of $17.95.

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, beating analysts' consensus estimates of ($0.04) by $0.01. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. The business had revenue of $188.22 million for the quarter, compared to analysts' expectations of $186.89 million. Research analysts expect that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on WRBY shares. Loop Capital increased their target price on shares of Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a research note on Wednesday, July 10th. Stifel Nicolaus raised their price target on shares of Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a research note on Friday, August 9th. Piper Sandler initiated coverage on shares of Warby Parker in a research note on Friday, August 23rd. They issued an "overweight" rating and a $18.00 price target on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $19.00 price target on shares of Warby Parker in a research note on Thursday, August 8th. Finally, JMP Securities raised shares of Warby Parker from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.75.

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.