Eisler Capital Management Ltd. Makes New $1.55 Million Investment in Warby Parker Inc. $WRBY

Eisler Capital Management Ltd. purchased a new stake in Warby Parker Inc. (NYSE:WRBY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 70,829 shares of the company’s stock, valued at approximately $1,553,000.

Several other hedge funds have also added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Warby Parker in the first quarter worth about $2,029,000. Harbor Capital Advisors Inc. acquired a new position in shares of Warby Parker in the 2nd quarter valued at approximately $1,219,000. Kings Path Partners LLC acquired a new position in shares of Warby Parker in the 2nd quarter valued at approximately $300,000. Dynamic Technology Lab Private Ltd bought a new stake in Warby Parker during the 1st quarter worth approximately $656,000. Finally, Ieq Capital LLC raised its holdings in Warby Parker by 113.4% during the 1st quarter. Ieq Capital LLC now owns 29,643 shares of the company’s stock worth $540,000 after buying an additional 15,749 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

Warby Parker Stock Up 2.6%

Shares of Warby Parker stock opened at $18.75 on Tuesday. Warby Parker Inc. has a 12-month low of $13.63 and a 12-month high of $29.73. The business’s 50 day moving average is $22.22 and its 200-day moving average is $22.77. The stock has a market cap of $1.98 billion, a P/E ratio of 1,875.00 and a beta of 2.07.

Warby Parker (NYSE:WRBY) last issued its earnings results on Thursday, November 6th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The firm had revenue of $221.68 million for the quarter, compared to analyst estimates of $224.49 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. Warby Parker’s quarterly revenue was up 15.2% on a year-over-year basis. Warby Parker has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Warby Parker Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WRBY shares. Stifel Nicolaus upped 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. Roth Capital set a $24.00 price objective on shares of Warby Parker and gave the company a “neutral” rating in a research report on Tuesday, August 5th. UBS Group reduced their target price on shares of Warby Parker from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, November 7th. The Goldman Sachs Group increased their target price on Warby Parker from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Finally, Robert W. Baird set a $30.00 price target on Warby Parker and gave the company an “outperform” rating in a report on Wednesday, July 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Warby Parker presently has an average rating of “Hold” and a consensus price target of $24.53.

Insider Activity

In other news, CEO Neil Harris Blumenthal sold 41,084 shares of the company’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $27.53, for a total value of $1,131,042.52. Following the sale, the chief executive officer directly owned 32,733 shares of the company’s stock, valued at approximately $901,139.49. This represents a 55.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joel E. Cutler sold 35,000 shares of Warby Parker stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $26.75, for a total value of $936,250.00. Following the transaction, the director 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 is available in the SEC filing. Insiders have sold a total of 85,000 shares of company stock worth $2,312,661 over the last 90 days. 18.24% of the stock is owned by company insiders.

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.