Vaughan Nelson Investment Management L.P. Acquires Shares of 1,161,738 Warby Parker Inc. (NYSE:WRBY)

Vaughan Nelson Investment Management L.P. acquired a new stake in Warby Parker Inc. (NYSE:WRBY) during the first quarter, according to its most recent filing with the SEC. The firm acquired 1,161,738 shares of the company’s stock, valued at approximately $15,812,000. Vaughan Nelson Investment Management L.P. owned about 1.18% of Warby Parker as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. TimesSquare Capital Management LLC acquired a new position in shares of Warby Parker in the 4th quarter valued at $9,542,000. AIA Group Ltd lifted its stake in shares of Warby Parker by 49.8% in the 4th quarter. AIA Group Ltd now owns 164,861 shares of the company’s stock valued at $2,325,000 after purchasing an additional 54,839 shares during the period. Invenomic Capital Management LP acquired a new position in shares of Warby Parker in the 4th quarter valued at $3,432,000. Vanguard Group Inc. lifted its stake in shares of Warby Parker by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock valued at $103,314,000 after purchasing an additional 219,160 shares during the period. Finally, NBC Securities Inc. lifted its stake in shares of Warby Parker by 25.5% in the 4th quarter. NBC Securities Inc. now owns 37,838 shares of the company’s stock valued at $533,000 after purchasing an additional 7,680 shares during the period. 93.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on WRBY shares. Telsey Advisory Group reissued an “outperform” rating and issued a $19.00 price target on shares of Warby Parker in a research note on Thursday, May 9th. Morgan Stanley increased their price target on Warby Parker from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. Finally, UBS Group raised their price objective on Warby Parker from $13.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Warby Parker currently has an average rating of “Moderate Buy” and a consensus target price of $16.50.

Warby Parker Stock Up 1.0 %

Shares of Warby Parker stock opened at $16.03 on Wednesday. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $17.95. The stock’s fifty day simple moving average is $15.49 and its 200 day simple moving average is $14.05.

Warby Parker (NYSE:WRBY) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Warby Parker had a negative return on equity of 13.19% and a negative net margin of 7.89%. The firm had revenue of $200.00 million for the quarter, compared to the consensus estimate of $196.25 million. As a group, research analysts anticipate that Warby Parker Inc. will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, Director Teresa Briggs sold 7,396 shares of Warby Parker stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $16.31, for a total value of $120,628.76. Following the sale, the director now owns 38,859 shares of the company’s stock, valued at approximately $633,790.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Teresa Briggs sold 7,396 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $16.31, for a total value of $120,628.76. Following the completion of the transaction, the director now owns 38,859 shares in the company, valued at approximately $633,790.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder D1 Capital Partners L.P. sold 5,500,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $15.66, for a total value of $86,130,000.00. Following the completion of the transaction, the insider now owns 9,444,023 shares of the company’s stock, valued at approximately $147,893,400.18. The disclosure for this sale can be found here. Insiders have sold 5,848,537 shares of company stock valued at $91,938,722 in the last 90 days. 26.55% of the stock is currently owned by company insiders.

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.