Robert W. Baird Issues Positive Forecast for Warby Parker (NYSE:WRBY) Stock Price

Warby Parker (NYSE:WRBY - Free Report) had its price objective hoisted by Robert W. Baird from $18.00 to $23.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently issued reports on WRBY. 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. Stifel Nicolaus raised their target price on Warby Parker from $14.00 to $15.00 and gave the company a "hold" rating in a research report on Friday, August 9th. 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. Deutsche Bank Aktiengesellschaft upgraded Warby Parker from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Finally, BTIG Research increased their price target on Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $18.18.

Warby Parker Stock Up 1.0 %

WRBY stock traded up $0.20 during midday trading on Friday, hitting $19.51. The company's stock had a trading volume of 2,526,141 shares, compared to its average volume of 1,414,508. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of -49.79 and a beta of 1.80. The company has a 50 day moving average of $15.82 and a two-hundred day moving average of $15.50. Warby Parker has a 12 month low of $9.83 and a 12 month high of $19.93.

Warby Parker (NYSE:WRBY - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 return on equity of 11.09% and a negative net margin of 6.38%. On average, analysts anticipate that Warby Parker will post -0.04 earnings per share for the current fiscal year.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,143 shares of the company'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 transaction, the chief executive officer now owns 12,177 shares of the company's stock, valued at approximately $158,301. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $352,859.00. Following the completion of the sale, the chief executive officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bradley E. Singer purchased 50,000 shares of Warby Parker stock in a transaction on Tuesday, August 13th. The stock was bought at an average cost of $13.00 per share, with a total value of $650,000.00. Following the transaction, the director now directly owns 100,000 shares of the company's stock, valued at approximately $1,300,000. The trade was a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 99,178 shares of company stock worth $1,339,901. Company insiders own 26.55% of the company's stock.

Institutional Investors Weigh In On Warby Parker

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its position in Warby Parker by 302.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 48,245 shares of the company's stock valued at $657,000 after buying an additional 36,245 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Warby Parker during the 1st quarter worth about $176,000. TimesSquare Capital Management LLC grew its stake in Warby Parker by 149.4% in the first quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company's stock valued at $22,970,000 after purchasing an additional 1,011,030 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Warby Parker by 37.1% during the first quarter. Russell Investments Group Ltd. now owns 225,338 shares of the company's stock worth $3,067,000 after buying an additional 61,004 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of Warby Parker by 10.2% during the 1st quarter. ProShare Advisors LLC now owns 15,470 shares of the company's stock worth $211,000 after purchasing an additional 1,434 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors.

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.