TimesSquare Capital Management LLC Takes $9.54 Million Position in Warby Parker Inc. (NYSE:WRBY)

TimesSquare Capital Management LLC acquired a new position in shares of Warby Parker Inc. (NYSE:WRBY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 676,720 shares of the company's stock, valued at approximately $9,542,000. TimesSquare Capital Management LLC owned about 0.69% of Warby Parker at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of WRBY. Strs Ohio bought a new stake in shares of Warby Parker during the fourth quarter valued at approximately $40,000. Cary Street Partners Investment Advisory LLC lifted its holdings in Warby Parker by 137,633.3% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 4,132 shares of the company's stock worth $54,000 after buying an additional 4,129 shares in the last quarter. Levin Capital Strategies L.P. bought a new position in Warby Parker in the 4th quarter valued at $141,000. Victory Capital Management Inc. acquired a new stake in shares of Warby Parker in the 4th quarter valued at $160,000. Finally, SG Americas Securities LLC raised its position in shares of Warby Parker by 47.6% during the third quarter. SG Americas Securities LLC now owns 13,781 shares of the company's stock worth $181,000 after acquiring an additional 4,445 shares during the last quarter. Institutional investors and hedge funds own 93.24% of the company's stock.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 8,708 shares of Warby Parker stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total value of $103,451.04. Following the sale, the chief financial officer now owns 191,104 shares of the company's stock, valued at approximately $2,270,315.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Warby Parker news, CFO Steven Clive Miller sold 8,708 shares of the business'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 sale, the chief financial officer now directly owns 191,104 shares of the company's stock, valued at approximately $2,270,315.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David Abraham Gilboa sold 28,311 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 value of $336,334.68. Following the completion of the transaction, the chief executive officer now owns 12,306 shares of the company's stock, valued at approximately $146,195.28. The disclosure for this sale can be found here. Insiders sold 89,084 shares of company stock valued at $1,074,979 over the last three months. Company insiders own 26.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on WRBY. Telsey Advisory Group reiterated an "outperform" rating and issued a $19.00 price objective on shares of Warby Parker in a research report on Thursday. UBS Group boosted their price target on shares of Warby Parker from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Morgan Stanley raised their price objective on shares of Warby Parker from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.71.

Warby Parker Trading Up 0.7 %

Shares of WRBY stock traded up $0.11 on Friday, hitting $14.79. The stock had a trading volume of 2,982,367 shares, compared to its average volume of 1,243,883. The firm has a market cap of $1.47 billion, a P/E ratio of -27.76 and a beta of 1.64. Warby Parker Inc. has a twelve month low of $9.83 and a twelve month high of $16.49. The company has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $12.77.

Warby Parker (NYSE:WRBY - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.04). The business had revenue of $161.86 million for the quarter, compared to the consensus estimate of $161.01 million. Warby Parker had a negative return on equity of 16.36% and a negative net margin of 9.44%. On average, analysts expect that Warby Parker Inc. will post -0.13 earnings per share for the current year.

Warby Parker 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.