First Trust Advisors LP Sells 142,904 Shares of Warby Parker Inc. $WRBY

Key Points

• First Trust Advisors LP cut its Warby Parker position by 62.7%, selling 142,904 shares and retaining 84,951 shares worth approximately $1.79 million. Institutional investors collectively own 93.24% of the company.
• Warby Parker shares opened at $26.48, with a market capitalization of about $2.84 billion. The stock trades at a high valuation, including a P/E ratio of 378.36, while its latest quarterly revenue rose 8.4% year over year but EPS missed analyst expectations.
• Analyst sentiment remains generally positive, with seven Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $30.18. However, insiders sold 366,207 shares worth roughly $10.8 million over the past three months.

First Trust Advisors LP trimmed its position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 62.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,951 shares of the company's stock after selling 142,904 shares during the period. First Trust Advisors LP owned about 0.08% of Warby Parker worth $1,790,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Man Group plc grew its position in Warby Parker by 1.6% during the second quarter. Man Group plc now owns 25,095 shares of the company's stock valued at $550,000 after acquiring an additional 400 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Warby Parker by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,687 shares of the company's stock worth $37,000 after acquiring an additional 494 shares during the last quarter. First Horizon Corp lifted its holdings in shares of Warby Parker by 96.7% in the 4th quarter. First Horizon Corp now owns 1,210 shares of the company's stock worth $26,000 after acquiring an additional 595 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Warby Parker by 5.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 15,899 shares of the company's stock valued at $349,000 after purchasing an additional 819 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Warby Parker by 56.7% in the 3rd quarter. NewEdge Advisors LLC now owns 2,350 shares of the company's stock valued at $65,000 after purchasing an additional 850 shares in the last quarter. Institutional investors own 93.24% of the company's stock.

Warby Parker Stock Down 1.8%

NYSE:WRBY opened at $26.48 on Friday. The company has a fifty day moving average of $26.64 and a 200 day moving average of $25.10. Warby Parker Inc. has a 52 week low of $14.96 and a 52 week high of $31.00. The firm has a market capitalization of $2.84 billion, a P/E ratio of 378.36, a P/E/G ratio of 5.50 and a beta of 1.92.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.08). Warby Parker had a return on equity of 3.36% and a net margin of 0.85%.The firm had revenue of $242.45 million during the quarter, compared to the consensus estimate of $239.44 million. During the same period last year, the business earned $0.03 EPS. Warby Parker's revenue was up 8.4% on a year-over-year basis. As a group, analysts anticipate that Warby Parker Inc. will post 0.18 EPS for the current year.

Insider Activity

In related news, Director Teresa Briggs sold 5,000 shares of the business'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 in the company, valued at $1,268,025.02. The trade was a 9.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Youngme E. Moon sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $26.53, for a total value of $265,300.00. Following the transaction, the director directly owned 26,061 shares of the company's stock, valued at $691,398.33. The trade was a 27.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 366,207 shares of company stock valued at $10,814,738. 16.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on WRBY shares. Roth Capital reiterated a "neutral" rating and issued a $28.00 target price on shares of Warby Parker in a research report on Wednesday. Weiss Ratings upgraded shares of Warby Parker from a "sell (d)" rating to a "hold (c-)" rating in a research report on Monday, May 11th. Telsey Advisory Group lifted their price objective on Warby Parker from $32.00 to $33.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. Citizens Jmp lowered their target price on Warby Parker from $30.00 to $29.00 and set a "market outperform" rating for the company in a research note on Friday. Finally, Citigroup restated a "market outperform" rating on shares of Warby Parker in a report on Friday, May 22nd. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $30.18.

Key Warby Parker News

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

• Positive Sentiment: Citizens JMP lowered its price target modestly to $29 from $30 but maintained a Market Outperform rating, implying roughly 9.5% upside from the referenced share price. Benzinga
• Positive Sentiment: Warby Parker reported quarterly adjusted earnings of $0.13 per share, above the $0.12 consensus estimate and up from $0.08 a year earlier, while revenue grew approximately 9.6% year over year. Warby Parker Surpasses Q2 Earnings Estimates
• Positive Sentiment: The company is preparing to launch intelligent eyewear this fall, which could create a new growth avenue and increase customer engagement if adoption is strong. Warby Parker Reaffirms 2026 Revenue Guidance
• Neutral Sentiment: Unusually high call-option activity—7,805 contracts purchased versus typical daily volume of 4,547—signals increased speculative interest, but does not establish a fundamental change in valuation.
• Negative Sentiment: Warby Parker reaffirmed 2026 revenue guidance of $959 million to $976 million, below the roughly $979 million analyst consensus, suggesting expectations for slower near-term growth. Warby Parker Revenue Guidance
• Negative Sentiment: Coverage of the quarter highlighted traffic softness and launch-related costs. Profitability was also helped by a tariff refund, a benefit investors may view as nonrecurring rather than evidence of durable margin expansion. Warby Parker Swings to Profit on Tariff Refund

About Warby Parker

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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