Warby Parker Inc. $WRBY Stock Position Lowered by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P decreased its position in Warby Parker Inc. (NYSE:WRBY) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,656,210 shares of the company’s stock after selling 40,093 shares during the quarter. Loomis Sayles & Co. L P owned about 1.57% of Warby Parker worth $36,321,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in WRBY. PNC Financial Services Group Inc. lifted its stake in Warby Parker by 400.3% during the second quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company’s stock valued at $35,000 after purchasing an additional 1,281 shares during the last quarter. Huntington National Bank grew its holdings in shares of Warby Parker by 111.0% in the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company’s stock worth $37,000 after acquiring an additional 881 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Warby Parker during the first quarter worth $58,000. Anderson Financial Strategies LLC lifted its holdings in shares of Warby Parker by 39.0% during the first quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock valued at $72,000 after purchasing an additional 1,109 shares during the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Warby Parker by 442.2% in the 2nd quarter. New York State Teachers Retirement System now owns 8,089 shares of the company’s stock valued at $177,000 after purchasing an additional 6,597 shares during the period. Institutional investors own 93.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on WRBY. BTIG Research reduced their price objective on shares of Warby Parker from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. The Goldman Sachs Group raised their price objective on shares of Warby Parker from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Stifel Nicolaus boosted their target price on shares of Warby Parker from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Friday, August 8th. Wall Street Zen lowered Warby Parker from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Finally, UBS Group lowered their price target on Warby Parker from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, November 7th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $24.53.

Insider Buying and Selling

In other Warby Parker news, Director Joel E. Cutler sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $26.75, for a total value of $936,250.00. Following the completion of the sale, the director directly owned 19,932 shares of the company’s stock, valued at $533,181. The trade was a 63.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Neil Harris Blumenthal sold 41,084 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $27.53, for a total transaction of $1,131,042.52. Following the transaction, the chief executive officer owned 32,733 shares in the company, valued at $901,139.49. This represents a 55.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 85,000 shares of company stock worth $2,312,661 in the last 90 days. 18.24% of the stock is currently owned by corporate insiders.

Warby Parker Stock Up 0.2%

Warby Parker stock opened at $19.70 on Friday. Warby Parker Inc. has a 12 month low of $13.63 and a 12 month high of $29.73. The stock has a market cap of $2.08 billion, a P/E ratio of 1,969.90 and a beta of 2.06. The company’s fifty day simple moving average is $21.58 and its 200-day simple moving average is $22.79.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.03). Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The firm had revenue of $221.68 million for the quarter, compared to analysts’ expectations of $224.49 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. Warby Parker’s revenue was up 15.2% on a year-over-year basis. Warby Parker has set its FY 2025 guidance at EPS. On average, equities research analysts expect that Warby Parker Inc. will post -0.12 earnings per share for the current fiscal year.

About Warby Parker

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.