Vaughan Nelson Investment Management L.P. Purchases 78,295 Shares of Warby Parker Inc. (NYSE:WRBY)

Vaughan Nelson Investment Management L.P. lifted its holdings in Warby Parker Inc. (NYSE:WRBY) by 3.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,555,705 shares of the company’s stock after purchasing an additional 78,295 shares during the period. Vaughan Nelson Investment Management L.P. owned 2.54% of Warby Parker worth $41,735,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in WRBY. Natixis Advisors LLC grew its holdings in Warby Parker by 4.7% in the 3rd quarter. Natixis Advisors LLC now owns 466,413 shares of the company’s stock valued at $7,617,000 after buying an additional 21,121 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Warby Parker in the third quarter worth $372,000. TimesSquare Capital Management LLC grew its stake in shares of Warby Parker by 12.8% in the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after acquiring an additional 211,050 shares during the last quarter. AIA Group Ltd increased its position in Warby Parker by 12.2% during the third quarter. AIA Group Ltd now owns 182,573 shares of the company’s stock worth $2,981,000 after acquiring an additional 19,923 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Warby Parker by 3.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after purchasing an additional 1,556 shares during the last quarter. Institutional investors and hedge funds own 93.24% of the company’s stock.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $13.89, for a total transaction of $694,500.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $169,138.53. This represents a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Steven Clive Miller sold 15,272 shares of Warby Parker stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $13.00, for a total value of $198,536.00. Following the completion of the transaction, the chief financial officer now directly owns 184,251 shares of the company’s stock, valued at $2,395,263. This represents a 7.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,178 shares of company stock worth $1,339,901 in the last quarter. 26.55% of the stock is owned by corporate insiders.

Warby Parker Price Performance

Shares of NYSE WRBY opened at $21.45 on Friday. Warby Parker Inc. has a 52-week low of $10.28 and a 52-week high of $21.77. The business has a fifty day moving average of $16.64 and a two-hundred day moving average of $15.87.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on WRBY shares. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised Warby Parker from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $15.00 to $18.00 in a research report on Monday, October 21st. Stifel Nicolaus upped their price target on Warby Parker from $14.00 to $15.00 and gave the company a “hold” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised Warby Parker from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $15.00 to $18.00 in a report on Monday, October 21st. Finally, Robert W. Baird boosted their price objective on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $18.18.

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.