Baillie Gifford & Co. Purchases 378,781 Shares of Warby Parker Inc. (NYSE:WRBY)

Baillie Gifford & Co. grew its holdings in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) by 6.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,430,452 shares of the company's stock after buying an additional 378,781 shares during the quarter. Baillie Gifford & Co. owned approximately 6.57% of Warby Parker worth $90,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WRBY. Jacobson & Schmitt Advisors LLC grew its stake in Warby Parker by 0.3% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 398,596 shares of the company's stock valued at $5,246,000 after buying an additional 1,120 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Warby Parker by 11.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 11,493 shares of the company's stock worth $154,000 after purchasing an additional 1,191 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Warby Parker by 16.5% during the 2nd quarter. Osaic Holdings Inc. now owns 8,439 shares of the company's stock worth $99,000 after purchasing an additional 1,197 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Warby Parker by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 51,149 shares of the company's stock worth $1,730,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Equitable Trust Co. grew its position in shares of Warby Parker by 6.6% during the 4th quarter. Equitable Trust Co. now owns 21,306 shares of the company's stock worth $300,000 after purchasing an additional 1,324 shares in the last quarter. 93.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WRBY shares. Morgan Stanley increased their target price on shares of Warby Parker from $12.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 24th. Telsey Advisory Group restated an "outperform" rating and set a $19.00 target price on shares of Warby Parker in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $16.29.

Warby Parker Stock Performance

Shares of Warby Parker stock traded down $0.40 on Wednesday, reaching $13.39. 871,124 shares of the stock were exchanged, compared to its average volume of 1,225,618. The firm's 50 day moving average is $13.19 and its 200-day moving average is $12.91. Warby Parker Inc. has a one year low of $9.83 and a one year high of $16.49. The firm has a market cap of $1.32 billion, a PE ratio of -24.80 and a beta of 1.63.

Warby Parker (NYSE:WRBY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The company had revenue of $161.86 million during the quarter, compared to the consensus estimate 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, equities research analysts expect that Warby Parker Inc. will post -0.17 EPS for the current fiscal year.

Insider Transactions at Warby Parker

In other news, CEO David Abraham Gilboa sold 52,065 shares of the stock in a transaction on Friday, March 8th. The shares were sold at an average price of $12.20, for a total transaction of $635,193.00. Following the completion of the sale, the chief executive officer now directly owns 12,306 shares in the company, valued at $150,133.20. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO David Abraham Gilboa sold 52,065 shares of the firm's stock in a transaction dated Friday, March 8th. The shares were 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 $150,133.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven Clive Miller sold 8,708 shares of the firm's stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $103,451.04. Following the transaction, the chief financial officer now directly owns 191,104 shares in the company, valued at $2,270,315.52. The disclosure for this sale can be found here. Insiders sold a total of 89,084 shares of company stock worth $1,074,979 over the last three months. 26.91% of the stock is owned by company 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.