Warby Parker (NYSE:WRBY) Given Outperform Rating at Telsey Advisory Group

Warby Parker (NYSE:WRBY)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $28.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential upside of 9.95% from the company’s current price.

WRBY has been the topic of several other reports. Morgan Stanley raised their price objective on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their price target on shares of Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. William Blair raised 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 lifted their target price on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI restated an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.92.

Warby Parker Stock Up 0.9 %

WRBY stock opened at $25.47 on Thursday. The firm has a market capitalization of $2.59 billion, a PE ratio of -94.32 and a beta of 1.90. Warby Parker has a twelve month low of $11.35 and a twelve month high of $28.68. The stock’s 50 day moving average is $25.63 and its 200-day moving average is $20.19.

Insider Buying and Selling at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 36,163 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $817,645.43. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $275,321.97. The trade was a 74.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 7,016 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the transaction, the chief financial officer now owns 182,130 shares of the company’s stock, valued at $4,343,800.50. This represents a 3.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 608,032 shares of company stock valued at $15,188,364. Company insiders own 26.55% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WRBY. State Street Corp boosted its holdings 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 worth $36,073,000 after acquiring an additional 69,108 shares during the period. Blueshift Asset Management LLC bought a new position in Warby Parker in the 3rd quarter worth about $1,223,000. TimesSquare Capital Management LLC grew its holdings in Warby Parker by 12.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock valued at $30,315,000 after buying an additional 211,050 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Warby Parker by 3.2% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock valued at $41,735,000 after buying an additional 78,295 shares during the period. Finally, Loomis Sayles & Co. L P lifted its holdings in shares of Warby Parker by 20.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock worth $29,111,000 after buying an additional 300,891 shares in the last quarter. 93.24% of the stock is currently owned by hedge funds and other institutional investors.

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.