Warby Parker Inc. (NYSE:WRBY) Position Lessened by Amalgamated Bank

Amalgamated Bank trimmed its position in shares of Warby Parker Inc. (NYSE:WRBY) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,042 shares of the company’s stock after selling 862 shares during the period. Amalgamated Bank’s holdings in Warby Parker were worth $170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of WRBY. Levin Capital Strategies L.P. acquired a new stake in shares of Warby Parker in the fourth quarter valued at about $141,000. Victory Capital Management Inc. bought a new position in Warby Parker during the fourth quarter worth about $160,000. Jennison Associates LLC bought a new position in Warby Parker during the fourth quarter worth about $12,034,000. AIA Group Ltd lifted its stake in Warby Parker by 49.8% during the fourth quarter. AIA Group Ltd now owns 164,861 shares of the company’s stock worth $2,325,000 after purchasing an additional 54,839 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Warby Parker by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,520 shares of the company’s stock valued at $247,000 after acquiring an additional 1,974 shares during the last quarter. 93.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

WRBY has been the subject of a number of research analyst reports. UBS Group lifted their target price on shares of Warby Parker from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $19.00 target price on shares of Warby Parker in a report on Thursday, May 9th. Finally, Morgan Stanley boosted their price target on shares of Warby Parker from $13.00 to $14.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $16.50.

Warby Parker Price Performance

Warby Parker stock opened at $16.81 on Friday. The firm has a 50-day moving average of $13.49 and a 200-day moving average of $12.97. Warby Parker Inc. has a one year low of $9.83 and a one year high of $17.22. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -35.77 and a beta of 1.64.

Warby Parker (NYSE:WRBY) last issued its earnings results on Wednesday, February 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Warby Parker had a negative net margin of 7.89% and a negative return on equity of 13.19%. The firm had revenue of $161.86 million during the quarter, compared to analyst estimates of $161.01 million. As a group, sell-side analysts expect that Warby Parker Inc. will post -0.13 earnings per share for the current year.

Insiders Place Their Bets

In other Warby Parker news, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the completion of the sale, the chief financial officer now directly owns 191,104 shares in the company, valued at $2,270,315.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO David Abraham Gilboa sold 28,311 shares of Warby Parker stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $336,334.68. Following the transaction, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at $146,195.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 8,708 shares of Warby Parker stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the completion of the transaction, the chief financial officer now directly owns 191,104 shares in the company, valued at $2,270,315.52. The disclosure for this sale can be found here. Insiders sold 89,084 shares of company stock worth $1,074,979 over the last three months. Insiders own 26.91% of the company’s stock.

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.