Teacher Retirement System of Texas Makes New $230,000 Investment in Warby Parker Inc. (NYSE:WRBY)

Teacher Retirement System of Texas bought a new stake in Warby Parker Inc. (NYSE:WRBY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,626 shares of the company's stock, valued at approximately $230,000.

A number of other institutional investors also recently made changes to their positions in WRBY. NewEdge Advisors LLC raised its position in shares of Warby Parker by 700.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company's stock valued at $29,000 after purchasing an additional 1,050 shares during the period. New York State Teachers Retirement System acquired a new position in shares of Warby Parker in the 1st quarter worth approximately $27,000. Comerica Bank raised its stake in Warby Parker by 153.1% during the 4th quarter. Comerica Bank now owns 2,291 shares of the company's stock worth $55,000 after acquiring an additional 1,386 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in Warby Parker during the fourth quarter worth $69,000. Finally, GAMMA Investing LLC raised its stake in Warby Parker by 4,937.0% in the 1st quarter. GAMMA Investing LLC now owns 6,800 shares of the company's stock valued at $124,000 after purchasing an additional 6,665 shares during the last quarter. Institutional investors own 93.24% of the company's stock.

Warby Parker Price Performance

WRBY traded up $0.42 during midday trading on Monday, reaching $24.35. 1,255,530 shares of the company's stock were exchanged, compared to its average volume of 2,010,391. The stock has a market capitalization of $2.54 billion, a PE ratio of -202.90 and a beta of 2.09. Warby Parker Inc. has a 1-year low of $12.46 and a 1-year high of $28.68. The business's 50-day moving average price is $21.23 and its 200 day moving average price is $21.19.

Analyst Ratings Changes

WRBY has been the topic of a number of research reports. Loop Capital reaffirmed a "buy" rating on shares of Warby Parker in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of Warby Parker in a research report on Wednesday, May 21st. Roth Capital reissued a "neutral" rating and issued a $21.00 target price (up previously from $18.00) on shares of Warby Parker in a report on Thursday, May 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $25.00 price target (up from $20.00) on shares of Warby Parker in a research report on Thursday, May 29th. Finally, The Goldman Sachs Group lifted their price target on shares of Warby Parker from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.88.

Insiders Place Their Bets

In related news, Director Youngme E. Moon sold 33,073 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $19.90, for a total transaction of $658,152.70. Following the completion of the transaction, the director directly owned 53,869 shares in the company, valued at approximately $1,071,993.10. The trade was a 38.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.24% 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.