Citizens Jmp Lowers Warby Parker (NYSE:WRBY) Price Target to $29.00

Warby Parker (NYSE:WRBY) had its target price decreased by Citizens Jmp from $30.00 to $29.00 in a report issued on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. Citizens Jmp’s target price points to a potential upside of 8.23% from the company’s current price.

A number of other research firms also recently weighed in on WRBY. BTIG Research boosted their target price on Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Citigroup reiterated a “market outperform” rating on shares of Warby Parker in a research report on Friday, May 22nd. Bank of America initiated coverage on shares of Warby Parker in a research note on Monday, June 29th. They set a “buy” rating and a $33.00 price target on the stock. Roth Capital restated a “neutral” rating and issued a $28.00 price objective on shares of Warby Parker in a report on Wednesday. Finally, Telsey Advisory Group upped their price objective on shares of Warby Parker from $32.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and an average target price of $30.18.

Warby Parker Price Performance

NYSE WRBY traded down $0.16 during trading hours on Friday, reaching $26.80. 1,278,279 shares of the stock traded hands, compared to its average volume of 3,127,933. The stock has a 50 day simple moving average of $26.60 and a two-hundred day simple moving average of $25.09. Warby Parker has a 1 year low of $14.96 and a 1 year high of $31.00. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 1,333.92, a price-to-earnings-growth ratio of 6.09 and a beta of 1.92.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) 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 return on equity of 2.30% and a net margin of 0.15%.Warby Parker’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, sell-side analysts forecast that Warby Parker will post 0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Warby Parker news, Director Bradley E. Singer sold 4,833 shares of Warby Parker stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $29.01, for a total value of $140,205.33. Following the transaction, the director directly owned 100,000 shares of the company’s stock, valued at $2,901,000. The trade was a 4.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Neil Harris Blumenthal sold 9,200 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $29.99, for a total value of $275,908.00. Following the completion of the sale, the chief executive officer owned 31,112 shares of the company’s stock, valued at $933,048.88. The trade was a 22.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 366,207 shares of company stock valued at $10,814,738. 16.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Corp boosted its position in Warby Parker by 96.7% during the 4th quarter. First Horizon Corp now owns 1,210 shares of the company’s stock valued at $26,000 after buying an additional 595 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Warby Parker by 105.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company’s stock valued at $28,000 after acquiring an additional 673 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of Warby Parker in the fourth quarter valued at about $35,000. Farther Finance Advisors LLC raised its stake in shares of Warby Parker by 41.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,687 shares of the company’s stock valued at $37,000 after acquiring an additional 494 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake 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 valued at $39,000 after acquiring an additional 965 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Warby Parker News Summary

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

• Positive Sentiment: Warby Parker reported adjusted second-quarter earnings of approximately $0.13 per share, above the $0.12 consensus estimate and up from $0.08 a year earlier. Results also benefited from a tariff refund, helping the company swing to a profit despite investment in its upcoming artificial-intelligence eyewear. Warby Parker Inc. Surpasses Q2 Earnings Estimates
• Positive Sentiment: The company is preparing to launch intelligent eyewear this fall. Management’s comments suggest the product could provide a new growth opportunity and expand Warby Parker beyond its traditional prescription eyewear offerings. Warby Parker Reaffirms 2026 Revenue Guidance
• Positive Sentiment: Unusual options activity indicated increased bullish positioning: investors purchased 7,805 call options, 72% above typical daily volume. Options activity can amplify short-term trading interest, although it is not a guarantee of future performance.
• Neutral Sentiment: Warby Parker reaffirmed full-year 2026 revenue guidance of $959 million to $976 million. Revenue is expected to grow, but the range is below the roughly $979 million analyst consensus, leaving the market focused on whether the new eyewear product can accelerate growth. Warby Parker 2026 Q2 Results Presentation
• Negative Sentiment: Several reports indicate that second-quarter revenue fell short of expectations, while traffic softness is shaping the near-term outlook. The company’s very low net margin also means one-time benefits, such as the tariff refund, can materially affect reported profitability. Warby Parker Misses Q2 Revenue Estimates

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.