11,813 Shares in Warby Parker Inc. $WRBY Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of Warby Parker Inc. (NYSE:WRBY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,813 shares of the company’s stock, valued at approximately $259,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WRBY. KLP Kapitalforvaltning AS raised its holdings in shares of Warby Parker by 5.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,300 shares of the company’s stock valued at $401,000 after acquiring an additional 900 shares in the last quarter. Anderson Financial Strategies LLC increased its position in shares of Warby Parker by 39.0% in the first quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock worth $72,000 after purchasing an additional 1,109 shares during the last quarter. New York State Teachers Retirement System purchased a new stake in Warby Parker in the first quarter valued at approximately $27,000. LVW Advisors LLC raised its stake in Warby Parker by 13.2% in the second quarter. LVW Advisors LLC now owns 17,362 shares of the company’s stock valued at $381,000 after purchasing an additional 2,026 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Warby Parker by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 744,589 shares of the company’s stock valued at $13,574,000 after purchasing an additional 2,039 shares during the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WRBY. Roth Capital set a $24.00 price target on shares of Warby Parker and gave the stock a “neutral” rating in a report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on shares of Warby Parker from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, October 6th. Robert W. Baird set a $30.00 target price on Warby Parker and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Warby Parker in a research report on Wednesday, October 8th. Finally, BTIG Research cut their price objective on Warby Parker from $28.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.53.

Insiders Place Their Bets

In other Warby Parker news, Director Joel E. Cutler sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $26.75, for a total value of $936,250.00. Following the completion of the sale, the director owned 19,932 shares in the company, valued at approximately $533,181. The trade was a 63.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Teresa Briggs sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $23.56, for a total transaction of $141,360.00. Following the completion of the transaction, the director owned 44,879 shares in the company, valued at $1,057,349.24. This represents a 11.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 141,000 shares of company stock valued at $3,709,521 in the last ninety days. Company insiders own 18.24% of the company’s stock.

Warby Parker Stock Up 1.3%

Warby Parker stock opened at $17.15 on Friday. The firm has a fifty day simple moving average of $24.19 and a two-hundred day simple moving average of $22.62. Warby Parker Inc. has a twelve month low of $13.63 and a twelve month high of $29.73. The company has a market capitalization of $1.80 billion, a PE ratio of 1,714.50 and a beta of 2.06.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.03). Warby Parker had a return on equity of 1.98% and a net margin of 0.08%.The company had revenue of $221.68 million during the quarter, compared to analysts’ expectations of $224.49 million. During the same quarter in the prior year, the firm posted ($0.03) EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. Warby Parker has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Warby Parker Inc. will post -0.12 earnings per share for the current fiscal year.

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.