Fox Run Management L.L.C. Invests $552,000 in Warby Parker Inc. $WRBY

Key Points

• Fox Run Management L.L.C. invested approximately $552,000 in Warby Parker Inc., acquiring 30,298 shares during the first quarter of the year.
• Insider transactions show significant sales, with CEO Neil Blumenthal selling 50,000 shares and Director Youngme E. Moon selling 33,073 shares, representing decreases of 63.82% and 38.04% in their holdings, respectively.
• Warby Parker has a consensus rating of "Moderate Buy" among analysts, with target prices ranging from $20.00 to $28.00.

Fox Run Management L.L.C. purchased a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 30,298 shares of the company's stock, valued at approximately $552,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in Warby Parker by 700.0% during the fourth quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock worth $29,000 after buying an additional 1,050 shares in the last quarter. New York State Teachers Retirement System bought a new position in shares of Warby Parker in the 1st quarter valued at $27,000. Comerica Bank increased its stake in shares of Warby Parker by 153.1% in the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock valued at $55,000 after purchasing an additional 1,386 shares during the last quarter. Anderson Financial Strategies LLC acquired a new position in shares of Warby Parker during the 4th quarter worth $69,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Warby Parker during the 1st quarter worth $58,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, Director Teresa Briggs sold 6,000 shares of Warby Parker stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $23.56, for a total transaction of $141,360.00. Following the transaction, the director directly owned 44,879 shares of the company's stock, valued at approximately $1,057,349.24. The trade was a 11.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $25.11, for a total value of $1,255,500.00. Following the completion of the sale, the chief executive officer directly owned 28,347 shares of the company's stock, valued at approximately $711,793.17. The trade was a 63.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,000 shares of company stock valued at $2,607,280. 18.24% of the stock is owned by corporate insiders.

Warby Parker Stock Up 3.6%

Shares of WRBY stock traded up $0.9270 during trading hours on Friday, hitting $26.9970. 654,071 shares of the company's stock traded hands, compared to its average volume of 2,228,565. The stock has a market cap of $2.84 billion, a PE ratio of -385.52 and a beta of 2.09. The stock's 50 day simple moving average is $23.43 and its 200 day simple moving average is $21.05. Warby Parker Inc. has a 12 month low of $12.69 and a 12 month high of $29.73.

Analyst Ratings Changes

A number of research firms have issued reports on WRBY. Telsey Advisory Group reiterated an "outperform" rating and issued a $28.00 target price on shares of Warby Parker in a research report on Thursday, August 7th. JMP Securities restated a "market perform" rating on shares of Warby Parker in a research note on Thursday, July 10th. Roth Capital set a $24.00 price target on shares of Warby Parker and gave the company a "neutral" rating in a report on Tuesday, August 5th. UBS Group reissued a "neutral" rating and issued a $23.00 price objective (up previously from $20.00) on shares of Warby Parker in a research note on Friday, August 8th. Finally, Loop Capital restated a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.06.

About Warby Parker

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.