Warby Parker (WRBY) Expected to Announce Earnings on Thursday

Warby Parker (NYSE:WRBY) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect Warby Parker to post earnings of $0.03 per share and revenue of $187.63 million for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Warby Parker Price Performance

Warby Parker stock opened at $22.73 on Wednesday. The firm has a 50 day simple moving average of $25.62 and a 200-day simple moving average of $20.50. Warby Parker has a 1-year low of $11.35 and a 1-year high of $28.68. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of -84.19 and a beta of 1.90.

Insider Transactions at Warby Parker

In other news, CEO Neil Harris Blumenthal sold 50,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $23.65, for a total value of $1,182,500.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at approximately $287,986.05. This trade represents a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Steven Clive Miller sold 14,853 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $335,826.33. Following the completion of the sale, the chief financial officer now owns 189,146 shares in the company, valued at approximately $4,276,591.06. The trade was a 7.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 608,032 shares of company stock valued at $15,188,364 over the last three months. 26.55% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WRBY shares. Morgan Stanley lifted their price target on shares of Warby Parker from $17.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 21st. Evercore ISI restated an “in-line” rating and issued a $23.00 price objective on shares of Warby Parker in a research note on Friday, January 17th. Piper Sandler lifted their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their target price on shares of Warby Parker from $20.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, Robert W. Baird boosted their price objective on shares of Warby Parker from $18.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $22.21.

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.