Kornitzer Capital Management Inc. KS Acquires 90,185 Shares of Warby Parker Inc. $WRBY

Kornitzer Capital Management Inc. KS increased its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 52.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 263,415 shares of the company’s stock after purchasing an additional 90,185 shares during the period. Kornitzer Capital Management Inc. KS owned approximately 0.24% of Warby Parker worth $7,318,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Warby Parker by 30.9% during the first quarter. Bank of America Corp DE now owns 1,377,646 shares of the company’s stock worth $29,027,000 after buying an additional 325,250 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in shares of Warby Parker in the second quarter valued at approximately $30,949,000. Dimensional Fund Advisors LP boosted its position in shares of Warby Parker by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,722,577 shares of the company’s stock valued at $36,291,000 after acquiring an additional 166,235 shares during the period. Granahan Investment Management LLC bought a new stake in shares of Warby Parker in the first quarter valued at approximately $1,726,000. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Warby Parker in the first quarter worth $917,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Buying and Selling

In related news, CEO Neil Blumenthal sold 100,000 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $27.69, for a total value of $2,769,000.00. Following the completion of the transaction, the chief executive officer directly owned 36,020 shares of the company’s stock, valued at $997,393.80. This trade represents a 73.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citizens Jmp boosted their target price on shares of Warby Parker from $29.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday. BTIG Research reissued a “buy” rating on shares of Warby Parker in a report on Tuesday, October 27th. Weiss Ratings lowered shares of Warby Parker from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 23rd. Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Warby Parker in a research report on Thursday, September 17th. Finally, Roth Capital restated a “neutral” rating and set a $28.00 price objective on shares of Warby Parker in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.42.

Warby Parker Trading Down 1.7%

Shares of WRBY stock opened at $25.63 on Friday. The stock has a 50 day moving average of $24.91 and a two-hundred day moving average of $25.12. Warby Parker Inc. has a 12 month low of $16.26 and a 12 month high of $31.00. The company has a market capitalization of $2.77 billion, a P/E ratio of 427.25, a P/E/G ratio of 8.34 and a beta of 1.95.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $244.74 million for the quarter, compared to analyst estimates of $244.92 million. Warby Parker had a return on equity of 3.36% and a net margin of 0.80%. Warby Parker’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. Sell-side analysts predict that Warby Parker Inc. will post 0.12 earnings per share for the current fiscal year.

More Warby Parker News

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

• Positive Sentiment: Citizens JMP raised its price target to $40 from $29 and reiterated “market outperform.” The new target implies about 56% upside from the $25.63 reference price. Citizens JMP rating
• Positive Sentiment: Management signaled 15%–20% revenue growth for Q4 and expects deliveries of its new Intelligent Eyewear to begin in mid-December, providing a possible growth driver. Q4 growth outlook and Intelligent Eyewear
• Positive Sentiment: Q3 revenue rose 10.4% year over year to $244.7 million, with active customers up 3% to 2.74 million, average revenue per customer up 6.7%, and gross margin improving to 54.4%. These trends support the growth narrative. Q3 results
• Neutral Sentiment: One report noted WRBY moved above its 200-day moving average, a potentially supportive technical signal, although it does not resolve the earnings concerns. Moving-average report
• Negative Sentiment: Profit results were less clear and may weigh on sentiment. The supplied earnings data shows $0.04 per share versus a $0.09 consensus estimate, while another report cited $0.11 and a beat—likely reflecting different earnings measures. Revenue was approximately in line with estimates. Q3 metrics comparison
• Negative Sentiment: Coverage also flagged substantial spending ahead, which could limit near-term profitability even as Warby Parker expands stores and product lines. Q3 spending outlook

Warby Parker Profile

Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.

Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.