Arrowstreet Capital Limited Partnership Makes New Investment in Warby Parker Inc. $WRBY

Key Points

• Arrowstreet Capital acquired 43,513 Warby Parker shares worth approximately $917,000 in the first quarter, joining several other institutional investors that increased or initiated positions. Institutional investors collectively own 93.24% of the company.
• Warby Parker’s latest results showed revenue growth but mixed performance: quarterly revenue rose 9.6% year over year to about $235.5 million, while reported earnings and fiscal 2026 revenue guidance were below some analyst expectations. A one-time tariff refund boosted profitability, whereas planned AI eyewear investments may pressure future results.
• Analyst sentiment remains favorable but not unanimous, with a consensus “Moderate Buy” rating and average price target of $30.18. Meanwhile, insiders sold 366,207 shares worth about $10.8 million over the past 90 days, including a substantial sale by CEO Neil Blumenthal under a pre-arranged trading plan.

Arrowstreet Capital Limited Partnership acquired a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 43,513 shares of the company's stock, valued at approximately $917,000.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Warby Parker by 32.5% during the 4th quarter. JPMorgan Chase & Co. now owns 9,679,067 shares of the company's stock worth $210,907,000 after buying an additional 2,375,726 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Warby Parker in the 4th quarter valued at about $46,484,000. SRS Investment Management LLC acquired a new stake in shares of Warby Parker during the 4th quarter worth about $31,277,000. Goldman Sachs Group Inc. raised its position in shares of Warby Parker by 96.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company's stock worth $34,433,000 after acquiring an additional 929,073 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in Warby Parker by 71.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,078,778 shares of the company's stock worth $45,298,000 after purchasing an additional 865,345 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Warby Parker News Summary

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Second-quarter revenue increased 9.6% year over year to approximately $235.5 million, indicating continued growth despite narrowly missing analysts’ revenue estimate of $238.0 million. Warby Parker misses Q2 revenue estimates
• Positive Sentiment: Warby Parker swung to a quarterly profit, helped in part by a tariff refund. One source reported adjusted EPS of $0.13, above the $0.12 consensus estimate, although other reports cited EPS of $0.04 versus a $0.10 estimate, suggesting different reporting measures. Warby Parker surpasses Q2 earnings estimates
• Positive Sentiment: Options activity was unusually strong, with traders purchasing about 7,805 call options—roughly 72% above typical daily call volume—signaling increased speculative bullish interest.
• Neutral Sentiment: Analyst sentiment remains mixed, with differing views on Warby Parker’s earnings outlook and valuation. Analyst sentiment on Warby Parker
• Negative Sentiment: Using the figures cited in the company earnings reports, quarterly EPS of $0.04 missed the $0.10 consensus estimate, while revenue also came in slightly below expectations. Warby Parker quarterly earnings report
• Negative Sentiment: Fiscal 2026 revenue guidance of $959 million to $976 million is below the approximately $979.3 million analyst consensus, implying slower growth than expected. Warby Parker guidance and analyst sentiment
• Negative Sentiment: The tariff refund was a one-time benefit, while costs related to the upcoming artificial-intelligence eyewear launch are expected to weigh on results. This raises concerns about underlying profitability and execution risk. Warby Parker swings to profit on tariff refund

Insider Buying and Selling at Warby Parker

In related news, Director Teresa Briggs sold 5,000 shares of the firm's stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $25.94, for a total transaction of $129,700.00. Following the transaction, the director owned 48,883 shares of the company's stock, valued at $1,268,025.02. This trade represents a 9.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Neil Harris Blumenthal sold 217,667 shares of the firm's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $29.61, for a total value of $6,445,119.87. Following the transaction, the chief executive officer directly owned 31,112 shares in the company, valued at approximately $921,226.32. This represents a 87.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 366,207 shares of company stock valued at $10,814,738. Company insiders own 16.80% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WRBY shares. BTIG Research upped their price target on Warby Parker from $32.00 to $34.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Bank of America started coverage on shares of Warby Parker in a report on Monday, June 29th. They set a "buy" rating and a $33.00 price objective on the stock. Citigroup restated a "market outperform" rating on shares of Warby Parker in a research report on Friday, May 22nd. Weiss Ratings upgraded shares of Warby Parker from a "sell (d)" rating to a "hold (c-)" rating in a report on Monday, May 11th. Finally, UBS Group increased their target price on shares of Warby Parker from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $30.18.

Warby Parker Trading Down 7.9%

WRBY stock opened at $26.95 on Friday. The company has a market capitalization of $2.89 billion, a P/E ratio of 1,348.42, a PEG ratio of 6.09 and a beta of 1.92. Warby Parker Inc. has a twelve month low of $14.96 and a twelve month high of $31.00. The business has a 50 day simple moving average of $26.60 and a 200-day simple moving average of $25.09.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). Warby Parker had a net margin of 0.15% and a return on equity of 2.30%. The business had revenue of $242.45 million during the quarter, compared to analyst estimates of $239.44 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The business's revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Warby Parker Inc. will post 0.18 EPS for the current fiscal year.

Warby Parker Profile

Warby Parker, Inc NYSE: WRBY is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.

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