Warby Parker Inc. (NYSE:WRBY – Get Free Report) Director Bradley Singer sold 20,167 shares of Warby Parker stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $28.51, for a total value of $574,961.17. Following the transaction, the director owned 104,833 shares of the company’s stock, valued at $2,988,788.83. This represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Warby Parker Stock Performance
WRBY stock opened at $28.75 on Friday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 1,437.97 and a beta of 1.95. Warby Parker Inc. has a one year low of $14.96 and a one year high of $31.00. The company has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $23.36.
Warby Parker (NYSE:WRBY – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $242.45 million during the quarter, compared to analysts’ expectations of $239.44 million. Warby Parker had a return on equity of 2.30% and a net margin of 0.15%.The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. Research analysts forecast that Warby Parker Inc. will post 0.24 earnings per share for the current fiscal year.
Institutional Trading of Warby Parker
Wall Street Analyst Weigh In
Several analysts have commented on the stock. Weiss Ratings raised shares of Warby Parker from a “sell (d)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group lifted their target price on shares of Warby Parker from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. BTIG Research lifted their target price on shares of Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Telsey Advisory Group lifted their target price on shares of Warby Parker from $32.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Finally, Citigroup lifted their target price on shares of Warby Parker from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Warby Parker currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.
Read Our Latest Report on WRBY
Warby Parker Company Profile
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.
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