Bosun Asset Management LLC Has $2.23 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

Bosun Asset Management LLC lifted its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 505.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 92,137 shares of the company’s stock after purchasing an additional 76,911 shares during the quarter. Warby Parker accounts for about 1.0% of Bosun Asset Management LLC’s portfolio, making the stock its 22nd largest position. Bosun Asset Management LLC’s holdings in Warby Parker were worth $2,231,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in Warby Parker in the fourth quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its position in shares of Warby Parker by 700.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock valued at $29,000 after acquiring an additional 1,050 shares during the period. Jones Financial Companies Lllp boosted its stake in Warby Parker by 205.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after acquiring an additional 1,028 shares in the last quarter. Comerica Bank grew its holdings in Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company’s stock worth $55,000 after purchasing an additional 1,386 shares during the period. Finally, Anderson Financial Strategies LLC bought a new stake in Warby Parker in the fourth quarter valued at $69,000. 93.24% of the stock is currently owned by institutional investors.

Insider Activity at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 27,967 shares of Warby Parker 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 owns 23,961 shares in the company, valued at $563,562.72. This trade represents a 53.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Clive Miller sold 11,684 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. This trade represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. 26.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on WRBY shares. Roth Mkm began coverage on Warby Parker in a research note on Tuesday, February 25th. They issued a “neutral” rating and a $26.00 target price for the company. Stifel Nicolaus lowered their price target on Warby Parker from $25.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Morgan Stanley raised their price objective on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Evercore ISI reiterated an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. Finally, Robert W. Baird raised their price target on shares of Warby Parker from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.64.

Warby Parker Stock Up 0.3 %

Warby Parker stock opened at $16.96 on Tuesday. The company has a market capitalization of $1.77 billion, a P/E ratio of -62.81 and a beta of 2.01. The firm has a 50 day moving average price of $17.94 and a 200-day moving average price of $21.60. Warby Parker Inc. has a twelve month low of $12.26 and a twelve month high of $28.68.

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.