Warby Parker (NYSE:WRBY) Earns "Outperform" Rating from Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Warby Parker (NYSE:WRBY - Free Report) in a report published on Thursday morning,Benzinga reports. Telsey Advisory Group currently has a $19.00 price target on the stock.

WRBY has been the topic of several other reports. Stifel Nicolaus lifted their price target on shares of Warby Parker from $14.00 to $15.00 and gave the company a "hold" rating in a research note on Friday, August 9th. JMP Securities upgraded 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. Loop Capital lifted their price target 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. Deutsche Bank Aktiengesellschaft upgraded shares of Warby Parker from a "neutral" rating to a "buy" rating and lifted their price target for the company from $15.00 to $18.00 in a research note on Monday, October 21st. Finally, BTIG Research lifted their price target 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. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Warby Parker presently has an average rating of "Moderate Buy" and an average target price of $17.30.

Warby Parker Stock Up 1.8 %

WRBY traded up $0.34 during trading on Thursday, hitting $19.31. The company had a trading volume of 2,506,453 shares, compared to its average volume of 1,409,360. The company has a market capitalization of $1.94 billion, a PE ratio of -49.13 and a beta of 1.80. Warby Parker has a one year low of $9.83 and a one year high of $19.60. The firm's 50-day moving average price is $15.74 and its 200 day moving average price is $15.48.

Warby Parker (NYSE:WRBY - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. The business had revenue of $188.22 million for the quarter, compared to analysts' expectations of $186.89 million. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. Sell-side analysts forecast that Warby Parker will post -0.04 earnings per share for the current year.

Insider Transactions at Warby Parker

In other news, Director Bradley E. Singer acquired 50,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Steven Clive Miller sold 6,763 shares of the company's stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bradley E. Singer purchased 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of $13.00 per share, for a total transaction of $650,000.00. Following the purchase, the director now owns 100,000 shares in the company, valued at $1,300,000. The trade was a 100.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 99,178 shares of company stock worth $1,339,901 in the last ninety days. Insiders own 26.55% of the company's stock.

Institutional Trading of Warby Parker

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Warby Parker by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company's stock valued at $118,095,000 after purchasing an additional 219,120 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in Warby Parker by 3.2% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company's stock valued at $41,735,000 after purchasing an additional 78,295 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Warby Parker by 12.8% in the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company's stock valued at $30,315,000 after purchasing an additional 211,050 shares during the period. Renaissance Technologies LLC boosted its holdings in Warby Parker by 44.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company's stock valued at $25,192,000 after purchasing an additional 481,900 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Warby Parker by 1,013.4% in the 2nd quarter. Marshall Wace LLP now owns 1,422,940 shares of the company's stock valued at $22,852,000 after purchasing an additional 1,295,136 shares during the period. Institutional investors own 93.24% of the company's stock.

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.