Vaughan Nelson Investment Management L.P. Takes $15.81 Million Position in Warby Parker Inc. (NYSE:WRBY)

Vaughan Nelson Investment Management L.P. purchased a new position in Warby Parker Inc. (NYSE:WRBY) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,161,738 shares of the company’s stock, valued at approximately $15,812,000.

Several other hedge funds have also added to or reduced their stakes in the business. Panagora Asset Management Inc. lifted its stake in Warby Parker by 0.4% in the fourth quarter. Panagora Asset Management Inc. now owns 198,671 shares of the company’s stock worth $2,801,000 after purchasing an additional 847 shares during the last quarter. Equitable Trust Co. increased its position in shares of Warby Parker by 6.6% in the fourth quarter. Equitable Trust Co. now owns 21,306 shares of the company’s stock valued at $300,000 after acquiring an additional 1,324 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Warby Parker by 12.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,520 shares of the company’s stock valued at $247,000 after acquiring an additional 1,974 shares during the period. Strs Ohio purchased a new position in shares of Warby Parker in the fourth quarter valued at about $40,000. Finally, Trexquant Investment LP increased its position in shares of Warby Parker by 15.1% in the fourth quarter. Trexquant Investment LP now owns 50,847 shares of the company’s stock valued at $717,000 after acquiring an additional 6,666 shares during the period. 93.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WRBY has been the topic of a number of analyst reports. UBS Group boosted their price objective on shares of Warby Parker from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Morgan Stanley boosted their price target on shares of Warby Parker from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Friday, May 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $19.00 price target on shares of Warby Parker in a research report on Thursday, May 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.50.

Insiders Place Their Bets

In other Warby Parker news, Director Teresa Briggs sold 7,396 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $16.31, for a total value of $120,628.76. Following the sale, the director now owns 38,859 shares in the company, valued at $633,790.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder D1 Capital Partners L.P. sold 5,500,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $15.66, for a total value of $86,130,000.00. Following the transaction, the insider now owns 9,444,023 shares in the company, valued at $147,893,400.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Teresa Briggs sold 7,396 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $16.31, for a total transaction of $120,628.76. Following the completion of the transaction, the director now owns 38,859 shares in the company, valued at approximately $633,790.29. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,848,537 shares of company stock worth $91,938,722. 26.55% of the stock is currently owned by company insiders.

Warby Parker Stock Performance

Shares of WRBY opened at $16.03 on Wednesday. Warby Parker Inc. has a fifty-two week low of $9.83 and a fifty-two week high of $17.95. The firm’s 50-day simple moving average is $15.49 and its two-hundred day simple moving average is $14.05.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $200.00 million for the quarter, compared to analysts’ expectations of $196.25 million. Warby Parker had a negative net margin of 7.89% and a negative return on equity of 13.19%. As a group, equities analysts expect that Warby Parker Inc. will post -0.09 earnings per share for the current fiscal year.

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.