Warby Parker Inc. (NYSE:WRBY) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 12.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,520 shares of the company’s stock after purchasing an additional 1,974 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Warby Parker were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in WRBY. SG Americas Securities LLC boosted its holdings in shares of Warby Parker by 47.6% in the third quarter. SG Americas Securities LLC now owns 13,781 shares of the company’s stock worth $181,000 after buying an additional 4,445 shares during the period. TD Asset Management Inc boosted its holdings in shares of Warby Parker by 13.8% in the third quarter. TD Asset Management Inc now owns 254,972 shares of the company’s stock worth $3,355,000 after buying an additional 31,002 shares during the period. Panagora Asset Management Inc. acquired a new position in shares of Warby Parker in the third quarter worth about $2,603,000. AIA Group Ltd boosted its holdings in shares of Warby Parker by 23.4% in the third quarter. AIA Group Ltd now owns 110,022 shares of the company’s stock worth $1,448,000 after buying an additional 20,858 shares during the period. Finally, NBC Securities Inc. acquired a new position in shares of Warby Parker in the third quarter worth about $396,000. Institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Performance

Shares of WRBY opened at $12.79 on Tuesday. The firm has a market cap of $1.27 billion, a PE ratio of -23.69 and a beta of 1.64. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $16.49. The firm’s 50 day moving average price is $12.69 and its 200 day moving average price is $12.77.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $161.86 million during the quarter, compared to analyst estimates of $161.01 million. Warby Parker had a negative net margin of 9.44% and a negative return on equity of 16.36%. On average, sell-side analysts anticipate that Warby Parker Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on WRBY. Telsey Advisory Group reiterated an “outperform” rating and issued a $19.00 target price on shares of Warby Parker in a report on Wednesday, February 28th. Morgan Stanley boosted their price objective on shares of Warby Parker from $12.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.29.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total value of $103,451.04. Following the transaction, the chief financial officer now directly owns 191,104 shares of the company’s stock, valued at approximately $2,270,315.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Steven Clive Miller sold 8,708 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total value of $103,451.04. Following the transaction, the chief financial officer now directly owns 191,104 shares in the company, valued at approximately $2,270,315.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Abraham Gilboa sold 52,065 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $12.20, for a total transaction of $635,193.00. Following the transaction, the chief executive officer now directly owns 12,306 shares of the company’s stock, valued at approximately $150,133.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,084 shares of company stock worth $1,074,979. 26.91% of the stock is owned by corporate insiders.

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.