39,520 Shares in Warby Parker Inc. $WRBY Bought by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC bought a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the fourth quarter, Holdings Channel.com reports. The fund bought 39,520 shares of the company’s stock, valued at approximately $861,000.

Other hedge funds have also bought and sold shares of the company. First Horizon Corp raised its stake in 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 buying an additional 595 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Warby Parker during the fourth quarter worth $35,000. Farther Finance Advisors LLC raised its stake in Warby Parker by 41.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,687 shares of the company’s stock worth $37,000 after buying an additional 494 shares during the last quarter. NewEdge Advisors LLC raised its stake in Warby Parker by 56.7% during the third quarter. NewEdge Advisors LLC now owns 2,350 shares of the company’s stock worth $65,000 after buying an additional 850 shares during the last quarter. Finally, Covestor Ltd raised its stake in 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 buying an additional 2,492 shares during the last quarter. Institutional investors own 93.24% of the company’s stock.

Warby Parker Price Performance

Shares of NYSE WRBY opened at $25.03 on Thursday. The stock has a market capitalization of $2.68 billion, a P/E ratio of 1,251.88 and a beta of 1.96. The company has a 50-day moving average price of $24.11 and a 200-day moving average price of $24.23. Warby Parker Inc. has a 1 year low of $14.96 and a 1 year high of $31.00.

Warby Parker (NYSE:WRBY) last issued 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 business had revenue of $242.45 million for the quarter, compared to analyst estimates of $239.44 million. Warby Parker had a net margin of 0.15% and a return on equity of 2.30%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share. As a group, equities research analysts anticipate that Warby Parker Inc. will post 0.19 earnings per share for the current fiscal year.

Insider Transactions at Warby Parker

In other news, Director Bradley E. Singer sold 20,167 shares of Warby Parker stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $28.51, for a total transaction of $574,961.17. Following the completion of the transaction, the director directly owned 104,833 shares in the company, valued at $2,988,788.83. This trade represents a 16.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Neil Harris Blumenthal sold 75,213 shares of Warby Parker stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $24.56, for a total transaction of $1,847,231.28. Following the transaction, the chief executive officer owned 50,165 shares of the company’s stock, valued at $1,232,052.40. This represents a 59.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 188,040 shares of company stock valued at $5,075,026 over the last quarter. Corporate insiders own 16.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. 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 raised their price target on shares of Warby Parker from $32.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Warby Parker from a “sell (d)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Piper Sandler restated an “overweight” rating on shares of Warby Parker in a report on Tuesday, May 19th. Finally, UBS Group raised their price target on shares of Warby Parker from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Warby Parker 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.