Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller Sells 15,272 Shares

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 15,272 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the transaction, the chief financial officer now directly owns 184,251 shares of the company’s stock, valued at approximately $2,395,263. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Steven Clive Miller also recently made the following trade(s):

• On Wednesday, June 12th, Steven Clive Miller sold 99,816 shares of Warby Parker stock. The stock was sold at an average price of $16.61, for a total transaction of $1,657,943.76.

Warby Parker Stock Performance

NYSE:WRBY opened at $13.88 on Wednesday. Warby Parker Inc. has a one year low of $9.83 and a one year high of $17.95. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -29.53 and a beta of 1.81. The firm’s fifty day moving average is $15.06 and its two-hundred day moving average is $14.53.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.01. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. The company had revenue of $188.22 million for the quarter, compared to analyst estimates of $186.89 million. As a group, equities research analysts predict that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Warby Parker

Several hedge funds have recently added to or reduced their stakes in WRBY. Advisors Asset Management Inc. boosted its stake in shares of Warby Parker by 79.9% during the 1st quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after acquiring an additional 2,276 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Warby Parker during the 2nd quarter worth about $131,000. Sciencast Management LP acquired a new position in shares of Warby Parker during the 1st quarter worth about $145,000. Principal Financial Group Inc. acquired a new position in shares of Warby Parker during the 1st quarter worth about $158,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Warby Parker during the 4th quarter worth about $160,000. 93.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a research note on Thursday, August 8th. Stifel Nicolaus upped their price target on Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Loop Capital upped their price target on Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Piper Sandler initiated coverage on Warby Parker in a research report on Friday, August 23rd. They set an “overweight” rating and a $18.00 price target on the stock. Finally, JMP Securities raised Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.11.

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.