Savant Capital LLC Buys Shares of 24,201 Warby Parker Inc. $WRBY

Savant Capital LLC bought a new position in Warby Parker Inc. (NYSE:WRBY) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 24,201 shares of the company’s stock, valued at approximately $531,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Huntington National Bank increased its position in shares of Warby Parker by 111.0% in the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company’s stock valued at $37,000 after buying an additional 881 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Warby Parker in the first quarter valued at about $58,000. Anderson Financial Strategies LLC increased its holdings 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 acquiring an additional 1,109 shares in the last quarter. CWM LLC raised its position in shares of Warby Parker by 231.9% during the first quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $107,000 after purchasing an additional 4,091 shares during the period. Finally, State of Wyoming bought a new position in shares of Warby Parker during the 1st quarter valued at about $157,000. 93.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WRBY has been the subject of a number of research reports. UBS Group lowered their target price on Warby Parker from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. Evercore ISI reissued a “positive” rating on shares of Warby Parker in a research report on Thursday, August 7th. Cowen reaffirmed a “buy” rating on shares of Warby Parker in a research report on Friday, August 8th. Roth Capital set a $24.00 target price on Warby Parker and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded Warby Parker from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Warby Parker has a consensus rating of “Hold” and a consensus target price of $24.53.

Warby Parker Trading Down 1.6%

Warby Parker stock opened at $17.00 on Friday. Warby Parker Inc. has a 1-year low of $13.63 and a 1-year high of $29.73. The company has a fifty day simple moving average of $23.35 and a 200 day simple moving average of $22.68. The company has a market cap of $1.80 billion, a P/E ratio of 1,699.60 and a beta of 2.06.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $221.68 million for the quarter, compared to analyst estimates of $224.49 million. Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Warby Parker has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Warby Parker Inc. will post -0.12 EPS for the current year.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 41,084 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $27.53, for a total value of $1,131,042.52. Following the completion of the sale, the chief executive officer owned 32,733 shares of the company’s stock, valued at approximately $901,139.49. This represents a 55.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joel E. Cutler sold 35,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $26.75, for a total transaction of $936,250.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 85,000 shares of company stock valued at $2,312,661. Corporate insiders own 18.24% of the company’s stock.

About Warby Parker

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.