Steven Clive Miller Sells 15,272 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY) CFO Steven Clive Miller sold 15,272 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $198,536.00. Following the completion of the sale, the chief financial officer now owns 184,251 shares of the company’s stock, valued at $2,395,263. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Steven Clive Miller also recently made the following trade(s):

• On Wednesday, June 12th, Steven Clive Miller sold 99,816 shares of Warby Parker stock. The shares were sold at an average price of $16.61, for a total value of $1,657,943.76.

Warby Parker Stock Performance

Warby Parker stock opened at $14.04 on Thursday. Warby Parker Inc. has a 52 week low of $9.83 and a 52 week high of $17.95. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -29.87 and a beta of 1.81. The company has a 50 day moving average price of $15.01 and a 200 day moving average price of $14.53.

Warby Parker (NYSE:WRBY) last issued its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. Warby Parker had a negative return on equity of 11.09% and a negative net margin of 6.38%. The business had revenue of $188.22 million during the quarter, compared to analysts’ expectations of $186.89 million. Equities analysts forecast that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Warby Parker

Several institutional investors and hedge funds have recently bought and sold shares of WRBY. Algert Global LLC lifted its position in shares of Warby Parker by 81.8% in the second quarter. Algert Global LLC now owns 40,346 shares of the company’s stock worth $648,000 after purchasing an additional 18,154 shares in the last quarter. Driehaus Capital Management LLC increased its stake in Warby Parker by 43.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 806,501 shares of the company’s stock valued at $12,952,000 after buying an additional 246,011 shares during the period. The Manufacturers Life Insurance Company lifted its position in Warby Parker by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 44,667 shares of the company’s stock worth $717,000 after buying an additional 3,007 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Warby Parker by 26.6% during the 2nd quarter. Millennium Management LLC now owns 299,151 shares of the company’s stock valued at $4,804,000 after buying an additional 62,865 shares during the period. Finally, Maverick Capital Ltd. purchased a new position in shares of Warby Parker during the 2nd quarter valued at $1,465,000. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on WRBY. JMP Securities upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Friday, August 23rd. Loop Capital increased their target price on shares of Warby Parker from $15.00 to $16.00 and gave the company a “hold” rating in a research note on Wednesday, July 10th. Stifel Nicolaus raised their target price on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $19.00 price target on shares of Warby Parker in a report on Thursday, August 8th. Finally, Piper Sandler assumed coverage on Warby Parker in a research note on Friday, August 23rd. They set an “overweight” rating and a $18.00 price objective for the company. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Warby Parker presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.11.

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.