Warby Parker Inc. (NYSE:WRBY - Free Report) - Analysts at Roth Capital increased their FY2026 earnings per share estimates for Warby Parker in a note issued to investors on Wednesday, May 21st. Roth Capital analyst M. Koranda now anticipates that the company will post earnings of $0.33 per share for the year, up from their previous estimate of $0.26. Roth Capital currently has a "Neutral" rating and a $21.00 price target on the stock. The consensus estimate for Warby Parker's current full-year earnings is ($0.12) per share.
A number of other research firms have also commented on WRBY. Telsey Advisory Group reduced their price objective on shares of Warby Parker from $30.00 to $22.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. UBS Group dropped their price objective on Warby Parker from $23.00 to $20.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. TD Securities raised their target price on Warby Parker from $20.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Stifel Nicolaus raised their price objective on shares of Warby Parker from $18.00 to $21.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Finally, Citigroup reissued a "neutral" rating and set a $22.00 target price (up previously from $17.00) on shares of Warby Parker in a research report on Wednesday, May 21st. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.88.
Check Out Our Latest Stock Analysis on Warby Parker
Warby Parker Stock Up 3.1%
Shares of NYSE:WRBY traded up $0.65 during midday trading on Monday, hitting $21.41. The stock had a trading volume of 417,271 shares, compared to its average volume of 1,905,210. The company's 50-day moving average price is $17.02 and its 200-day moving average price is $21.62. Warby Parker has a fifty-two week low of $12.46 and a fifty-two week high of $28.68. The company has a market capitalization of $2.24 billion, a P/E ratio of -79.33 and a beta of 2.01.
Insider Buying and Selling at Warby Parker
In related news, CFO Steven Clive Miller sold 11,684 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $23.52, for a total value of $274,807.68. Following the transaction, the chief financial officer now directly owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 now directly owns 53,869 shares of the company's stock, valued at approximately $1,071,993.10. This represents a 38.04% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 72,724 shares of company stock valued at $1,590,744 in the last three months. Company insiders own 26.55% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. KBC Group NV increased its position in shares of Warby Parker by 39.3% during the 4th quarter. KBC Group NV now owns 4,743 shares of the company's stock valued at $115,000 after purchasing an additional 1,339 shares during the last quarter. Choreo LLC boosted its stake in Warby Parker by 60.6% in the fourth quarter. Choreo LLC now owns 17,155 shares of the company's stock worth $415,000 after buying an additional 6,472 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Warby Parker by 3.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,645,540 shares of the company's stock valued at $64,047,000 after acquiring an additional 89,835 shares during the last quarter. Shaker Investments LLC OH purchased a new position in shares of Warby Parker during the fourth quarter worth approximately $279,000. Finally, Legato Capital Management LLC bought a new stake in shares of Warby Parker in the 4th quarter worth approximately $1,316,000. Institutional investors own 93.24% of the company's stock.
Warby Parker Company Profile
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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.
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