Warby Parker (WRBY) Projected to Post Quarterly Earnings on Wednesday

Warby Parker (NYSE:WRBY) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $187.13 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Warby Parker Trading Down 1.8 %

NYSE WRBY opened at $25.22 on Wednesday. The company has a market cap of $2.56 billion, a PE ratio of -93.40 and a beta of 1.90. Warby Parker has a 1 year low of $11.35 and a 1 year high of $28.68. The stock’s 50-day moving average price is $25.59 and its two-hundred day moving average price is $20.15.

Insiders Place Their Bets

In other Warby Parker news, CEO Neil Harris Blumenthal sold 36,163 shares of Warby Parker stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the sale, the chief executive officer now owns 12,177 shares of the company’s stock, valued at $275,321.97. This trade represents a 74.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Steven Clive Miller sold 14,853 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $22.61, for a total value of $335,826.33. Following the completion of the sale, the chief financial officer now owns 189,146 shares in the company, valued at $4,276,591.06. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 608,032 shares of company stock valued at $15,188,364. 26.55% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Telsey Advisory Group boosted their target price on Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. William Blair raised shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price objective on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Finally, BTIG Research increased their price objective on shares of Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Warby Parker currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.77.

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.