Warby Parker Inc. (NYSE:WRBY) Shares Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in Warby Parker Inc. (NYSE:WRBY) by 7.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 44,667 shares of the company’s stock after buying an additional 3,007 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Warby Parker were worth $717,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in WRBY. Jacobson & Schmitt Advisors LLC boosted its holdings in Warby Parker by 0.3% in the first quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company’s stock worth $5,554,000 after purchasing an additional 1,397 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Warby Parker by 10.2% during the first quarter. ProShare Advisors LLC now owns 15,470 shares of the company’s stock valued at $211,000 after buying an additional 1,434 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock valued at $70,000 after buying an additional 2,276 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Warby Parker by 11.5% during the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock valued at $413,000 after buying an additional 2,651 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Warby Parker by 16.0% during the second quarter. Arizona State Retirement System now owns 23,408 shares of the company’s stock valued at $376,000 after buying an additional 3,224 shares during the last quarter. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Trading Down 1.3 %

WRBY stock opened at $15.55 on Tuesday. The firm has a 50 day moving average of $14.70 and a 200-day moving average of $15.00. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $17.95. The firm has a market capitalization of $1.54 billion, a P/E ratio of -33.09 and a beta of 1.82.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Warby Parker had a negative net margin of 6.38% and a negative return on equity of 11.09%. The firm had revenue of $188.22 million during the quarter, compared to analyst estimates of $186.89 million. Sell-side analysts predict that Warby Parker Inc. will post -0.04 EPS for the current year.

Insider Activity at Warby Parker

In other news, CFO Steven Clive Miller sold 6,763 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the transaction, the chief financial officer now owns 177,488 shares in the company, valued at $2,467,083.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Neil Harris Blumenthal sold 27,143 shares of Warby Parker stock in a transaction on Friday, September 6th. The stock was sold at an average price of $13.00, for a total transaction of $352,859.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $158,301. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Steven Clive Miller sold 6,763 shares of Warby Parker stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $13.90, for a total value of $94,005.70. Following the completion of the transaction, the chief financial officer now owns 177,488 shares in the company, valued at $2,467,083.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 99,178 shares of company stock valued at $1,339,901. 26.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on WRBY shares. Loop Capital increased their price target on shares of Warby Parker from $15.00 to $16.00 and gave the stock a “hold” rating in a research report on Wednesday, July 10th. Stifel Nicolaus increased 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. Piper Sandler initiated coverage on shares of Warby Parker in a report on Friday, August 23rd. They set an “overweight” rating and a $18.00 price objective on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Warby Parker in a research report on Thursday, August 8th. Finally, JMP Securities raised shares of Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Friday, August 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.71.

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.