Warby Parker Inc. (NYSE:WRBY) Holdings Decreased by Polen Capital Management LLC

Polen Capital Management LLC trimmed its position in Warby Parker Inc. (NYSE:WRBY) by 22.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 319,822 shares of the company’s stock after selling 94,583 shares during the quarter. Polen Capital Management LLC owned approximately 0.31% of Warby Parker worth $7,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Natixis Advisors LLC increased its holdings in shares of Warby Parker by 4.2% in the 4th quarter. Natixis Advisors LLC now owns 486,212 shares of the company’s stock valued at $11,771,000 after acquiring an additional 19,799 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Warby Parker by 792.7% in the 4th quarter. First Eagle Investment Management LLC now owns 312,258 shares of the company’s stock valued at $7,560,000 after acquiring an additional 277,278 shares during the last quarter. Swiss National Bank increased its holdings in shares of Warby Parker by 2.3% in the 4th quarter. Swiss National Bank now owns 168,300 shares of the company’s stock valued at $4,075,000 after acquiring an additional 3,800 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Warby Parker by 92.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 172,411 shares of the company’s stock worth $4,174,000 after buying an additional 82,791 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in Warby Parker during the 4th quarter worth $14,596,000. 93.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Steven Clive Miller sold 11,684 shares of the company’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total value of $274,807.68. Following the completion of the sale, the chief financial officer now owns 204,727 shares in the company, valued at $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Neil Harris Blumenthal sold 27,967 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $657,783.84. Following the sale, the chief executive officer now directly owns 23,961 shares of the company’s stock, valued at approximately $563,562.72. This represents a 53.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 539,651 shares of company stock worth $13,617,652 over the last 90 days. 26.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WRBY shares. Telsey Advisory Group restated an “outperform” rating and set a $28.00 price objective on shares of Warby Parker in a research note on Thursday, February 27th. Roth Mkm started coverage on Warby Parker in a research note on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price objective for the company. Stifel Nicolaus upped their price objective on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Evercore ISI restated an “in-line” rating and set a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Finally, Morgan Stanley upped their price objective on Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

Warby Parker Stock Up 1.1 %

Shares of Warby Parker stock opened at $20.49 on Monday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of -75.90 and a beta of 1.91. The business has a fifty day simple moving average of $24.92 and a 200-day simple moving average of $21.23. Warby Parker Inc. has a fifty-two week low of $11.46 and a fifty-two week high of $28.68.

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.