Millennium Management LLC Purchases 62,865 Shares of Warby Parker Inc. (NYSE:WRBY)

Millennium Management LLC lifted its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 26.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 299,151 shares of the company's stock after buying an additional 62,865 shares during the quarter. Millennium Management LLC owned about 0.30% of Warby Parker worth $4,804,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. raised its stake in Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company's stock worth $70,000 after acquiring an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Warby Parker during the second quarter worth about $131,000. Sciencast Management LP acquired a new position in Warby Parker during the first quarter worth about $145,000. Principal Financial Group Inc. acquired a new position in Warby Parker during the first quarter worth about $158,000. Finally, Choreo LLC acquired a new position in Warby Parker during the second quarter worth about $167,000. Institutional investors and hedge funds own 93.24% of the company's stock.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several research reports. Stifel Nicolaus boosted their price target on Warby Parker from $14.00 to $15.00 and gave the stock a "hold" rating in a report on Friday, August 9th. Piper Sandler began coverage on Warby Parker in a report on Friday, August 23rd. They issued an "overweight" rating and a $18.00 target price on the stock. JMP Securities upgraded 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. Loop Capital upped their target price on Warby Parker from $15.00 to $16.00 and gave the company a "hold" rating in a report on Wednesday, July 10th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $19.00 target price on shares of Warby Parker in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $16.71.

Warby Parker Price Performance

Shares of NYSE:WRBY traded up $0.67 on Friday, hitting $15.75. The company's stock had a trading volume of 1,227,498 shares, compared to its average volume of 1,392,597. The company has a 50-day simple moving average of $14.69 and a 200 day simple moving average of $14.98. Warby Parker Inc. has a 1 year low of $9.83 and a 1 year high of $17.95. The company has a market capitalization of $1.59 billion, a PE ratio of -40.38 and a beta of 1.82.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $188.22 million for the quarter, compared to analysts' expectations of $186.89 million. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. On average, equities research analysts expect that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Insider Activity at Warby Parker

In other Warby Parker news, CFO Steven Clive Miller sold 15,272 shares of Warby Parker stock in a transaction 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 transaction, the chief financial officer now owns 184,251 shares in the company, valued at approximately $2,395,263. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Neil Harris Blumenthal sold 27,143 shares of the business's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the transaction, the chief executive officer now owns 12,177 shares in the company, valued at $158,301. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven Clive Miller sold 15,272 shares of the company's stock in a transaction on 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 owns 184,251 shares of the company's stock, valued at approximately $2,395,263. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 99,178 shares of company stock worth $1,339,901 over the last ninety days. 26.55% of the stock is owned by corporate insiders.

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.