Connor Clark & Lunn Investment Management Ltd. Has $4.17 Million Stake in Warby Parker Inc. (NYSE:WRBY)

Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 92.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 172,411 shares of the company's stock after purchasing an additional 82,791 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Warby Parker worth $4,174,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WRBY. Arizona State Retirement System grew its holdings in shares of Warby Parker by 2.6% during the fourth quarter. Arizona State Retirement System now owns 24,881 shares of the company's stock valued at $602,000 after buying an additional 619 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Warby Parker in the fourth quarter worth approximately $25,000. Jones Financial Companies Lllp grew its position in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company's stock valued at $37,000 after purchasing an additional 1,028 shares in the last quarter. KBC Group NV increased its stake in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after buying an additional 1,339 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company's stock worth $782,000 after buying an additional 1,556 shares in the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on WRBY shares. UBS Group upped their price target on shares of Warby Parker from $20.00 to $23.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. The Goldman Sachs Group upped their target price on Warby Parker from $20.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Roth Mkm assumed coverage on Warby Parker in a report on Tuesday, February 25th. They set a "neutral" rating and a $26.00 price target for the company. Morgan Stanley increased their target price on shares of Warby Parker from $17.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Finally, Evercore ISI reiterated an "in-line" rating and set a $23.00 price target on shares of Warby Parker in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.43.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 27,967 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $657,783.84. Following the completion of the transaction, the chief executive officer now directly owns 23,961 shares of the company's stock, valued at approximately $563,562.72. The trade was a 53.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total transaction of $274,807.68. Following the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at $4,815,179.04. This trade represents a 5.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 483,597 shares of company stock valued at $12,211,257 in the last three months. 26.55% of the stock is owned by corporate insiders.

Warby Parker Stock Down 0.3 %

Warby Parker stock traded down $0.07 during mid-day trading on Thursday, hitting $18.94. 2,210,105 shares of the company were exchanged, compared to its average volume of 1,585,412. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68. The business has a fifty day moving average of $24.47 and a 200 day moving average of $21.27. The company has a market capitalization of $1.96 billion, a PE ratio of -70.13 and a beta of 1.91.

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.