Proficio Capital Partners LLC Takes $273,000 Position in Warby Parker Inc. (NYSE:WRBY)

Proficio Capital Partners LLC acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 11,282 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its position in Warby Parker by 3.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company’s stock worth $64,047,000 after buying an additional 89,835 shares in the last quarter. State Street Corp increased its position in shares of Warby Parker by 3.2% in the third quarter. State Street Corp now owns 2,209,025 shares of the company’s stock valued at $36,073,000 after acquiring an additional 69,108 shares during the last quarter. Geode Capital Management LLC raised its holdings in Warby Parker by 7.9% during the third quarter. Geode Capital Management LLC now owns 1,970,620 shares of the company’s stock worth $32,187,000 after acquiring an additional 144,623 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Warby Parker by 19.6% during the fourth quarter. Bank of New York Mellon Corp now owns 1,632,341 shares of the company’s stock valued at $39,519,000 after purchasing an additional 268,025 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Warby Parker by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 742,550 shares of the company’s stock valued at $17,977,000 after purchasing an additional 13,501 shares in the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WRBY. Robert W. Baird upped their price objective on Warby Parker from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, February 28th. Roth Mkm began coverage on shares of Warby Parker in a research report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price target on the stock. UBS Group lifted their price objective on shares of Warby Parker from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, February 28th. 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. Finally, Evercore ISI reiterated an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.43.

Warby Parker Trading Down 3.5 %

Shares of NYSE WRBY opened at $19.45 on Thursday. The business’s 50 day moving average is $23.87 and its 200-day moving average is $21.47. The firm has a market cap of $2.01 billion, a P/E ratio of -72.02 and a beta of 1.91. Warby Parker Inc. has a 1-year low of $11.66 and a 1-year high of $28.68.

Insiders Place Their Bets

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $336,206.97. The trade was a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 204,727 shares in the company, valued at $4,815,179.04. This represents a 5.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 389,651 shares of company stock worth $9,855,092 in the last 90 days. Company insiders own 26.55% of the company’s stock.

About Warby Parker

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.