Knights of Columbus Asset Advisors LLC Cuts Stake in Warby Parker Inc. $WRBY

Knights of Columbus Asset Advisors LLC reduced its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 1.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,646 shares of the company’s stock after selling 1,697 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.09% of Warby Parker worth $2,119,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. New York State Teachers Retirement System purchased a new position in Warby Parker in the first quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd purchased a new position in Warby Parker in the first quarter valued at approximately $58,000. 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 buying an additional 1,109 shares during the period. CWM LLC raised its holdings in Warby Parker by 231.9% in the first quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $107,000 after buying an additional 4,091 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Warby Parker by 4,937.0% in the first quarter. GAMMA Investing LLC now owns 6,800 shares of the company’s stock valued at $124,000 after buying an additional 6,665 shares during the period. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 8,416 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $27.52, for a total transaction of $231,608.32. Following the completion of the sale, the chief executive officer owned 32,733 shares of the company’s stock, valued at approximately $900,812.16. This trade represents a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joel E. Cutler sold 35,000 shares of the firm’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 transaction of $936,250.00. Following the sale, the director directly owned 19,932 shares of the company’s stock, valued at $533,181. The trade was a 63.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,000 shares of company stock valued at $4,919,941. 18.24% of the stock is currently owned by corporate insiders.

Warby Parker Stock Down 3.1%

WRBY opened at $25.41 on Tuesday. Warby Parker Inc. has a 52-week low of $13.63 and a 52-week high of $29.73. The firm has a market capitalization of $2.67 billion, a P/E ratio of -362.95 and a beta of 2.10. The firm’s 50 day moving average is $26.20 and its 200-day moving average is $21.81.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several research reports. Cowen restated a “buy” rating on shares of Warby Parker in a report on Friday, August 8th. Stifel Nicolaus raised their price target on shares of Warby Parker from $21.00 to $22.00 and gave the company a “hold” rating in a report on Friday, August 8th. Evercore ISI reiterated a “positive” rating on shares of Warby Parker in a research note on Thursday, August 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $28.00 price objective on shares of Warby Parker in a research note on Thursday, August 7th. Finally, Citizens Jmp lowered shares of Warby Parker from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 10th. Eleven equities 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 MarketBeat.com, Warby Parker currently has a consensus rating of “Hold” and an average target price of $24.75.

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.