Warby Parker Inc. (NYSE:WRBY) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC lifted its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 2.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,180 shares of the company’s stock after purchasing an additional 4,757 shares during the quarter. Squarepoint Ops LLC owned about 0.20% of Warby Parker worth $3,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Warby Parker by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company’s stock worth $118,095,000 after buying an additional 219,120 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Warby Parker by 113.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,477,410 shares of the company’s stock worth $39,787,000 after acquiring an additional 1,315,672 shares during the period. TimesSquare Capital Management LLC boosted its position in shares of Warby Parker by 149.4% in the first quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company’s stock worth $22,970,000 after acquiring an additional 1,011,030 shares during the last quarter. Renaissance Technologies LLC increased its position in Warby Parker by 44.3% during the second quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock worth $25,192,000 after purchasing an additional 481,900 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Warby Parker by 1,013.4% during the second quarter. Marshall Wace LLP now owns 1,422,940 shares of the company’s stock worth $22,852,000 after purchasing an additional 1,295,136 shares during the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Trading Down 4.5 %

NYSE WRBY opened at $15.59 on Wednesday. The stock has a market cap of $1.57 billion, a P/E ratio of -33.17 and a beta of 1.80. The company’s fifty day simple moving average is $14.74 and its 200-day simple moving average is $14.80. Warby Parker Inc. has a 52 week low of $9.83 and a 52 week high of $17.95.

Warby Parker (NYSE:WRBY) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The firm had revenue of $188.22 million for the quarter, compared to analyst estimates of $186.89 million. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. On average, research analysts expect that Warby Parker Inc. will post -0.04 EPS for the current fiscal year.

Analyst Ratings Changes

WRBY has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a report on Friday, August 9th. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Friday, August 23rd. Piper Sandler started coverage on Warby Parker in a report on Friday, August 23rd. They set an “overweight” rating and a $18.00 target price for the company. Loop Capital increased their target price on shares of Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $19.00 price objective on shares of Warby Parker in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $17.11.

Insider Buying and Selling

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total transaction of $94,005.70. Following the completion of the sale, the chief financial officer now owns 177,488 shares in the company, valued at approximately $2,467,083.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Bradley E. Singer acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of $13.00 per share, with a total value of $650,000.00. Following the completion of the acquisition, the director now directly owns 100,000 shares in the company, valued at $1,300,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now directly owns 177,488 shares in the company, valued at approximately $2,467,083.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 99,178 shares of company stock worth $1,339,901. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker 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.