Warby Parker Inc. (NYSE:WRBY) Stock Position Lifted by Swiss National Bank

Swiss National Bank grew its holdings in shares of Warby Parker Inc. (NYSE:WRBY – Get Rating) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,900 shares of the company’s stock after purchasing an additional 4,800 shares during the period. Swiss National Bank owned approximately 0.17% of Warby Parker worth $2,184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirabella Financial Services LLP bought a new stake in shares of Warby Parker during the 1st quarter worth about $200,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Warby Parker during the second quarter worth approximately $88,000. PNC Financial Services Group Inc. bought a new position in Warby Parker during the 1st quarter valued at $277,000. HighTower Advisors LLC boosted its stake in Warby Parker by 66.1% during the 1st quarter. HighTower Advisors LLC now owns 8,530 shares of the company’s stock valued at $289,000 after purchasing an additional 3,396 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Warby Parker during the 2nd quarter valued at $114,000.

Insiders Place Their Bets

In other news, Director Teresa Briggs sold 18,900 shares of the business’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $12.05, for a total transaction of $227,745.00. Following the transaction, the director now directly owns 19,246 shares in the company, valued at approximately $231,914.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 25.36% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on WRBY. Cowen lowered their target price on Warby Parker from $23.00 to $17.00 in a report on Wednesday, March 1st. Citigroup lowered shares of Warby Parker from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $13.00 in a research report on Wednesday, March 1st. BTIG Research assumed coverage on Warby Parker in a research report on Monday, February 6th. They set a “neutral” rating for the company. Telsey Advisory Group restated an “outperform” rating and issued a $25.00 target price on shares of Warby Parker in a report on Tuesday, February 28th. Finally, JMP Securities initiated coverage on Warby Parker in a report on Wednesday. They set a “market perform” rating for the company. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $16.82.

Warby Parker Trading Down 0.7 %

NYSE:WRBY opened at $11.20 on Friday. The business’s fifty day moving average price is $10.95 and its 200 day moving average price is $13.56. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -14.74 and a beta of 1.88. Warby Parker Inc. has a 1-year low of $9.50 and a 1-year high of $18.99.

Warby Parker (NYSE:WRBY – Get Rating) last issued its earnings results on Tuesday, February 28th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.06). The business had revenue of $146.49 million during the quarter, compared to analyst estimates of $143.18 million. Warby Parker had a negative net margin of 14.11% and a negative return on equity of 25.89%. Equities analysts forecast that Warby Parker Inc. will post -0.29 earnings per share for the current year.

Warby Parker Profile

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Warby Parker Inc provides eyewear products. It offers eyeglasses, sunglasses, light-responsive lenses, blue-light-filtering lenses, and contact lenses, as well as accessories, including cases, lenses kit with anti-fog spray, pouches, and anti-fog lens spray. The company also offers eye exams and vision tests directly to consumers through its retail stores, website, and mobile apps.