Thrivent Financial for Lutherans Acquires Shares of 13,030 Warby Parker Inc. (NYSE:WRBY)

Thrivent Financial for Lutherans bought a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the third quarter, HoldingsChannel reports. The fund bought 13,030 shares of the company’s stock, valued at approximately $213,000.

A number of other institutional investors have also modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its position in Warby Parker by 3.2% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,555,705 shares of the company’s stock worth $41,735,000 after purchasing an additional 78,295 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Warby Parker by 12.8% during the third quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after buying an additional 211,050 shares during the period. Renaissance Technologies LLC increased its position in Warby Parker by 44.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,568,600 shares of the company’s stock valued at $25,192,000 after acquiring an additional 481,900 shares during the period. Marshall Wace LLP increased its holdings in shares of Warby Parker by 1,013.4% in the second quarter. Marshall Wace LLP now owns 1,422,940 shares of the company’s stock valued at $22,852,000 after purchasing an additional 1,295,136 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Warby Parker by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,369,424 shares of the company’s stock worth $21,994,000 after buying an additional 308,472 shares during the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

WRBY has been the topic of several analyst reports. William Blair raised shares of Warby Parker from a “market perform” rating to an “outperform” rating in a report on Thursday, November 7th. JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Friday, August 23rd. The Goldman Sachs Group raised Warby Parker from a “neutral” rating to a “buy” rating and raised their price target for the company from $15.00 to $18.00 in a report on Monday, October 21st. BTIG Research lifted their price target on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Telsey Advisory Group increased their price objective on Warby Parker from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.82.

Warby Parker Price Performance

Shares of NYSE WRBY opened at $23.79 on Friday. The firm’s 50-day moving average is $19.17 and its two-hundred day moving average is $16.78. The company has a market capitalization of $2.42 billion, a PE ratio of -88.11 and a beta of 1.93. Warby Parker Inc. has a 12-month low of $10.28 and a 12-month high of $24.60.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 6,763 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $13.90, for a total value of $94,005.70. Following the sale, the chief financial officer now directly owns 177,488 shares of the company’s stock, valued at approximately $2,467,083.20. This trade represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Neil Harris Blumenthal sold 36,163 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total transaction of $817,645.43. Following the transaction, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $275,321.97. This represents a 74.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 107,779 shares of company stock worth $1,941,977 over the last three months. 26.55% of the stock is currently owned by corporate insiders.

Warby Parker 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.