Telsey Advisory Group Issues Positive Forecast for Warby Parker (NYSE:WRBY) Stock Price

Warby Parker (NYSE:WRBY) had its target price hoisted by Telsey Advisory Group from $32.00 to $33.00 in a research note published on Friday morning, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also recently issued reports about the company. UBS Group reiterated a “neutral” rating and issued a $20.00 price objective on shares of Warby Parker in a report on Wednesday, February 25th. Weiss Ratings cut Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 2nd. Citigroup upped their price objective on Warby Parker from $18.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Finally, BTIG Research increased their target price on Warby Parker from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Warby Parker Trading Up 8.5%

WRBY opened at $29.52 on Friday. The stock has a 50-day moving average price of $23.31 and a 200-day moving average price of $23.08. Warby Parker has a 12-month low of $14.96 and a 12-month high of $31.00. The stock has a market capitalization of $3.16 billion, a P/E ratio of 1,476.54 and a beta of 1.95.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Warby Parker had a return on equity of 2.32% and a net margin of 0.15%.The firm had revenue of $242.45 million during the quarter, compared to analysts’ expectations of $239.44 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. Warby Parker’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities research analysts predict that Warby Parker will post 0.24 EPS for the current year.

Insider Buying and Selling

In other Warby Parker news, CEO Neil Harris Blumenthal sold 75,213 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $24.56, for a total transaction of $1,847,231.28. Following the completion of the transaction, the chief executive officer owned 50,165 shares of the company’s stock, valued at $1,232,052.40. This represents a 59.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 15,793 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $27.53, for a total value of $434,781.29. Following the transaction, the director directly owned 16,026 shares of the company’s stock, valued at $441,195.78. The trade was a 49.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 115,793 shares of company stock valued at $2,901,550 in the last ninety days. 18.24% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WRBY. Compass Wealth Management LLC bought a new position in Warby Parker during the 3rd quarter valued at approximately $2,184,000. Impax Asset Management Group plc boosted its stake in Warby Parker by 28.3% during the 3rd quarter. Impax Asset Management Group plc now owns 385,000 shares of the company’s stock valued at $10,618,000 after purchasing an additional 85,000 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Warby Parker by 40.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,303,341 shares of the company’s stock valued at $201,426,000 after purchasing an additional 2,120,768 shares during the last quarter. Udine Wealth Management Inc. purchased a new stake in Warby Parker during the 4th quarter valued at $1,284,000. Finally, Kingdon Capital Management L.L.C. purchased a new stake in Warby Parker during the 3rd quarter valued at $9,653,000. Institutional investors own 93.24% of the company’s stock.

Key Warby Parker News

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Warby Parker reported Q1 revenue of $242.45 million, topping estimates, and said revenue grew 8.4% year over year, signaling solid demand. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: The company posted Q1 earnings of $0.12 per share, matching year-ago results and beating Wall Street expectations, reinforcing that profitability is holding up better than feared. Warby Parker Inc. (WRBY) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said active customers rose 4.8% to 2.69 million and average revenue per customer increased 6.9%, both signs of healthy customer growth and monetization. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: Warby Parker guided FY2026 revenue to $959 million-$976 million, a range investors are treating as supportive even though it is slightly below consensus, and the company also generated net income of $3.2 million. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: Analysts turned more constructive after earnings, with BTIG raising its price target to $34 and Telsey lifting its target to $33, both with bullish ratings. BTIG Research price target update
• Positive Sentiment: Telsey Advisory Group also upgraded its view to “outperform,” citing roughly 13.7% upside from the recent trading level. Telsey Advisory Group price target update

Warby Parker Company Profile

Warby Parker, Inc (NYSE: WRBY) is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.