BTIG Research Issues Positive Forecast for Warby Parker (NYSE:WRBY) Stock Price

Warby Parker (NYSE:WRBY) had its price target raised by BTIG Research from $32.00 to $34.00 in a research note published on Thursday, Marketbeat.com reports. BTIG Research currently has a buy rating on the stock.

A number of other analysts also recently issued reports on WRBY. UBS Group reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Warby Parker in a research note on Wednesday, February 25th. Weiss Ratings downgraded Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Warby Parker in a research note on Friday, February 20th. Finally, Citigroup raised their target price on Warby Parker from $18.00 to $24.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Warby Parker Trading Up 8.8%

WRBY stock traded up $2.40 during midday trading on Thursday, reaching $29.60. The stock had a trading volume of 2,747,282 shares, compared to its average volume of 3,041,764. The company’s fifty day simple moving average is $23.31 and its 200 day simple moving average is $23.08. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 1,470.09 and a beta of 1.95. Warby Parker has a 52-week low of $14.96 and a 52-week high of $31.00.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data 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). The firm had revenue of $242.45 million during the quarter, compared to analysts’ expectations of $239.44 million. Warby Parker had a net margin of 0.19% and a return on equity of 2.22%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 EPS. Sell-side analysts predict that Warby Parker will post 0.24 EPS for the current year.

Insider Transactions at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 22,442 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,258,639.85. This trade represents a 30.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bradley E. Singer sold 15,793 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $27.53, for a total value of $434,781.29. Following the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 115,793 shares of company stock valued at $2,901,550 over the last three months. Corporate insiders own 18.24% of the company’s stock.

Institutional Trading of Warby Parker

Hedge funds have recently made changes to their positions in the business. First Horizon Corp lifted its position in shares of Warby Parker by 96.7% during the fourth quarter. First Horizon Corp now owns 1,210 shares of the company’s stock worth $26,000 after purchasing an additional 595 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Warby Parker by 259.3% during the third quarter. Farther Finance Advisors LLC now owns 1,193 shares of the company’s stock worth $33,000 after purchasing an additional 861 shares in the last quarter. Eagle Bay Advisors LLC acquired a new stake in shares of Warby Parker during the fourth quarter worth about $35,000. Parallel Advisors LLC lifted its position in shares of Warby Parker by 110.7% during the first quarter. Parallel Advisors LLC now owns 1,837 shares of the company’s stock worth $39,000 after purchasing an additional 965 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Warby Parker by 5,795.3% during the fourth quarter. Covestor Ltd now owns 2,535 shares of the company’s stock worth $55,000 after purchasing an additional 2,492 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

More Warby Parker News

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Q1 revenue topped guidance and street estimates (~$242.5M vs. ~$239.4M), active customers and average revenue per customer both rose, and the company reported a small net income — investors are treating the quarter and customer-metrics strength as a growth signal. Press Release
• Positive Sentiment: Wall Street responded: BTIG raised its price target to $34 and maintained a buy rating, and Telsey raised its target to $33 with an outperform rating — analyst upgrades support further upside. Analyst Note
• Positive Sentiment: Markets already reacted strongly to the report: coverage noted the stock rallied sharply after the release as investors priced in better-than-expected top-line momentum and the company’s outlook. Article
• Neutral Sentiment: Full Q1 call transcript and slide deck are available for details on margin assumptions and cadence; investors should review the prepared remarks for color on marketing spend and store performance. Earnings Transcript
• Neutral Sentiment: Some outlets report slightly different EPS comparisons (coverage varies by source); reconcile the company press release, slide deck, and call transcript for the official figures before updating models. Metric Comparison
• Negative Sentiment: FY2026 revenue guidance was set at $959M–$976M, below the consensus cited by some sources (~$980M), which could cap upside if investors focus on the lower full-year range. Guidance Details

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.