Warby Parker (WRBY) Projected to Post Quarterly Earnings on Thursday

Warby Parker (NYSE:WRBY - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Warby Parker to post earnings of $0.03 per share and revenue of $187.13 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Warby Parker Trading Down 5.0 %

Shares of WRBY stock traded down $1.27 during trading hours on Friday, reaching $24.03. The stock had a trading volume of 1,680,832 shares, compared to its average volume of 1,475,489. The stock's fifty day simple moving average is $25.66 and its 200 day simple moving average is $20.22. Warby Parker has a 12 month low of $11.35 and a 12 month high of $28.68. The firm has a market capitalization of $2.44 billion, a PE ratio of -89.00 and a beta of 1.90.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. William Blair upgraded shares of Warby Parker from a "market perform" rating to an "outperform" rating in a research report on Thursday, November 7th. Stifel Nicolaus raised their target price on shares of Warby Parker from $17.00 to $20.00 and gave the company a "hold" rating in a research note on Wednesday, December 11th. BTIG Research raised their target price on shares of Warby Parker from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Robert W. Baird raised their target price on shares of Warby Parker from $18.00 to $23.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Piper Sandler raised their target price on shares of Warby Parker from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Warby Parker presently has a consensus rating of "Moderate Buy" and an average price target of $21.92.

Insiders Place Their Bets

In other news, CFO Steven Clive Miller sold 14,853 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $335,826.33. Following the transaction, the chief financial officer now owns 189,146 shares in the company, valued at approximately $4,276,591.06. This trade represents a 7.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 50,000 shares of Warby Parker stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $27.61, for a total transaction of $1,380,500.00. Following the completion of the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $336,206.97. This trade represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 608,032 shares of company stock valued at $15,188,364. 26.55% of the stock is currently owned by corporate insiders.

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.