Warby Parker (NYSE:WRBY – Get Free Report) had its price target increased by equities research analysts at Citizens Jmp from $29.00 to $40.00 in a research report issued on Friday, Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp‘s target price would indicate a potential upside of 47.43% from the stock’s previous close.
A number of other equities research analysts also recently commented on WRBY. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on Warby Parker in a report on Thursday, September 17th. Weiss Ratings cut Warby Parker from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 23rd. TD Cowen began coverage on Warby Parker in a research report on Friday, October 30th. They set a “strong-buy” rating for the company. UBS Group restated a “neutral” rating and set a $32.00 target price on shares of Warby Parker in a research report on Friday. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Warby Parker in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.42.
Get Our Latest Research Report on Warby Parker
Warby Parker Price Performance
Shares of Warby Parker stock traded up $1.05 on Friday, hitting $27.13. 655,450 shares of the company’s stock traded hands, compared to its average volume of 3,117,361. The firm’s 50-day moving average price is $24.91 and its two-hundred day moving average price is $25.12. The stock has a market capitalization of $2.94 billion, a PE ratio of 386.89, a price-to-earnings-growth ratio of 6.97 and a beta of 1.95. Warby Parker has a one year low of $16.26 and a one year high of $31.00.
Warby Parker (NYSE:WRBY – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.05). Warby Parker had a return on equity of 3.36% and a net margin of 0.85%. The company had revenue of $244.74 million during the quarter, compared to the consensus estimate of $244.92 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts forecast that Warby Parker will post 0.12 earnings per share for the current fiscal year.
Insider Transactions at Warby Parker
In other Warby Parker news, CEO Neil Blumenthal sold 100,000 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $27.69, for a total value of $2,769,000.00. Following the completion of the transaction, the chief executive officer directly owned 36,020 shares of the company’s stock, valued at approximately $997,393.80. The trade was a 73.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 16.80% of the company’s stock.
Hedge Funds Weigh In On Warby Parker
Several institutional investors have recently modified their holdings of the business. Pinnacle Associates Ltd. grew its position in shares of Warby Parker by 1.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 27,679 shares of the company’s stock valued at $769,000 after purchasing an additional 393 shares during the period. GAMMA Investing LLC increased its stake in Warby Parker by 53.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,339 shares of the company’s stock worth $37,000 after purchasing an additional 468 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Warby Parker by 5.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 9,273 shares of the company’s stock worth $258,000 after buying an additional 498 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Warby Parker by 105.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company’s stock worth $28,000 after buying an additional 673 shares during the period. Finally, Essential Partners LLC lifted its stake in Warby Parker by 44.2% in the first quarter. Essential Partners LLC now owns 2,570 shares of the company’s stock valued at $54,000 after buying an additional 788 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.
Key Warby Parker News
Here are the key news stories impacting Warby Parker this week:
- Positive Sentiment: Management signaled 15%–20% revenue growth in Q4 and said deliveries of its Intelligent Eyewear are expected to begin in mid-December. The outlook and new product launch appear to be key drivers of the positive reaction. Article: Warby Parker signals Q4 growth and Intelligent Eyewear deliveries
- Positive Sentiment: Q3 revenue rose 10.4% year over year to $244.7 million, broadly in line with expectations. Active customers increased 3% to 2.74 million, average revenue per customer grew 6.7% to $342, and gross margin improved to 54.4%. Article: Warby Parker Announces Third Quarter 2026 Results
- Neutral Sentiment: Reports said WRBY rose above its 200-day moving average after the earnings-related rally. That may signal improving momentum, though it does not resolve concerns about profitability. Article: Warby Parker share price breaks above 200-day moving average
- Negative Sentiment: Warby Parker reported $0.04 EPS versus the $0.09 consensus cited in the supplied earnings data, while revenue was just below estimates. Other coverage cites adjusted EPS of $0.11, reflecting a different earnings measure. The earnings miss and reports of significant spending ahead could weigh on sentiment. Article: Warby Parker Q3 2026 earnings and spending outlook
Warby Parker Company Profile
Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.
Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.
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