Los Angeles Capital Management LLC Grows Stock Position in Warby Parker Inc. $WRBY

Los Angeles Capital Management LLC increased its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 34.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,524 shares of the company’s stock after purchasing an additional 7,810 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Warby Parker were worth $669,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Huntington National Bank boosted its stake 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 during the period. KLP Kapitalforvaltning AS increased its stake in shares of Warby Parker by 5.2% during the second quarter. KLP Kapitalforvaltning AS now owns 18,300 shares of the company’s stock worth $401,000 after buying an additional 900 shares during the period. Anderson Financial Strategies LLC raised its holdings in Warby Parker by 39.0% in the first quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock valued at $72,000 after acquiring an additional 1,109 shares in the last quarter. LVW Advisors LLC lifted 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 worth $381,000 after acquiring an additional 2,026 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Warby Parker by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 744,589 shares of the company’s stock worth $13,574,000 after acquiring an additional 2,039 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Performance

WRBY opened at $17.00 on Friday. Warby Parker Inc. has a one year low of $13.63 and a one year high of $29.73. The stock has a market capitalization of $1.80 billion, a P/E ratio of 1,699.60 and a beta of 2.06. The business’s 50-day simple moving average is $23.35 and its 200-day simple moving average is $22.64.

Warby Parker (NYSE:WRBY) last announced its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The firm had revenue of $221.68 million during the quarter, compared to analyst estimates of $224.49 million. Warby Parker had a net margin of 0.08% and a return on equity of 1.96%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last 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 fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Robert W. Baird set a $30.00 target price on Warby Parker and gave the company an “outperform” rating in a report on Wednesday, July 30th. Stifel Nicolaus lifted their price target on Warby Parker from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Cowen reaffirmed a “buy” rating on shares of Warby Parker in a research report on Friday, August 8th. Finally, Telsey Advisory Group cut their target price on Warby Parker from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, November 7th. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.53.

Insider Activity at Warby Parker

In related news, Director Joel E. Cutler sold 35,000 shares of the company’s stock in a transaction on Monday, September 8th. The shares were 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 $533,181. This represents a 63.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 8,416 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.52, for a total transaction of $231,608.32. Following the sale, the chief executive officer owned 32,733 shares of the company’s stock, valued at approximately $900,812.16. This represents a 20.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 85,000 shares of company stock valued at $2,312,661 over the last three months. Corporate insiders own 18.24% of the company’s stock.

Warby Parker Company 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.