Strs Ohio Has $109,000 Stake in Warby Parker Inc. $WRBY

Strs Ohio decreased its holdings in shares of Warby Parker Inc. (NYSE:WRBYFree Report) by 80.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the company’s stock after selling 20,300 shares during the quarter. Strs Ohio’s holdings in Warby Parker were worth $109,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Warby Parker by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 10,665,529 shares of the company’s stock worth $294,155,000 after buying an additional 327,830 shares during the period. JPMorgan Chase & Co. grew its position in shares of Warby Parker by 40.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,303,341 shares of the company’s stock worth $201,426,000 after buying an additional 2,120,768 shares during the period. Marshall Wace LLP grew its position in shares of Warby Parker by 10.1% during the 3rd quarter. Marshall Wace LLP now owns 2,060,103 shares of the company’s stock worth $56,818,000 after buying an additional 189,758 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Warby Parker by 96.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock worth $34,433,000 after buying an additional 929,073 shares during the period. Finally, Qube Research & Technologies Ltd grew its holdings in Warby Parker by 6.5% during the second quarter. Qube Research & Technologies Ltd now owns 1,301,263 shares of the company’s stock valued at $28,537,000 after purchasing an additional 79,063 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Warby Parker Stock Performance

Shares of WRBY opened at $26.96 on Wednesday. Warby Parker Inc. has a twelve month low of $14.96 and a twelve month high of $31.00. The firm’s 50 day moving average price is $23.57 and its two-hundred day moving average price is $23.22. The firm has a market cap of $2.89 billion, a P/E ratio of 1,348.62 and a beta of 1.95.

Warby Parker (NYSE:WRBYGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Warby Parker had a net margin of 0.15% and a return on equity of 2.30%. The company had revenue of $242.45 million during the quarter, compared to the consensus estimate of $239.44 million. During the same period in the previous year, the firm posted $0.03 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Warby Parker Inc. will post 0.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

WRBY has been the subject of a number of analyst reports. Citigroup boosted their price objective on shares of Warby Parker from $18.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. BTIG Research boosted their price objective on shares of Warby Parker from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, May 7th. UBS Group boosted their price objective on shares of Warby Parker from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Friday. Weiss Ratings upgraded shares of Warby Parker from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday. Finally, Telsey Advisory Group boosted their price objective on shares of Warby Parker from $32.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Ten equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Warby Parker currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Get Our Latest Stock Report on Warby Parker

Insiders Place Their Bets

In other news, Director Bradley E. Singer sold 15,793 shares of the business’s stock in a transaction 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 sale, the director owned 16,026 shares of the company’s stock, valued at $441,195.78. The trade was a 49.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Neil Harris Blumenthal sold 22,442 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $25.09, for a total transaction of $563,069.78. Following the completion of the sale, the chief executive officer directly owned 50,165 shares in the company, valued at approximately $1,258,639.85. This represents a 30.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 115,793 shares of company stock worth $2,901,550. 16.80% of the stock is currently owned by insiders.

Warby Parker Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Warby Parker (NYSE:WRBY)

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