Warby Parker Inc. (NYSE:WRBY) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Warby Parker has a “Moderate Buy” consensus from 12 analysts: seven rate it a buy and five recommend holding the stock. The average 12-month price target is $30.18, versus a recent share price of $26.48.
• The company reported quarterly adjusted EPS of $0.13, topping the $0.12 consensus estimate, while revenue increased about 9.6% year over year. However, traffic softness, launch-related costs and a potentially nonrecurring tariff refund weighed on the outlook.
• Intelligent eyewear planned for launch this fall offers a potential growth catalyst, but 2026 revenue guidance of $959 million to $976 million is slightly below analyst expectations of approximately $979 million.

Warby Parker Inc. (NYSE:WRBY - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve brokerages that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.1818.

Several equities research analysts recently weighed in on the stock. Citizens Jmp reduced their target price on shares of Warby Parker from $30.00 to $29.00 and set a "market outperform" rating for the company in a research note on Friday. Roth Capital restated a "neutral" rating and set a $28.00 price target on shares of Warby Parker in a research note on Wednesday. Citigroup reaffirmed a "market outperform" rating on shares of Warby Parker in a report on Friday, May 22nd. UBS Group raised their price objective on Warby Parker from $27.00 to $28.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, BTIG Research lifted their price objective on Warby Parker from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Thursday, May 7th.

Warby Parker News Roundup

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Citizens JMP lowered its price target modestly to $29 from $30 but maintained a Market Outperform rating, implying roughly 9.5% upside from the referenced share price. Benzinga
• Positive Sentiment: Warby Parker reported quarterly adjusted earnings of $0.13 per share, above the $0.12 consensus estimate and up from $0.08 a year earlier, while revenue grew approximately 9.6% year over year. Warby Parker Surpasses Q2 Earnings Estimates
• Positive Sentiment: The company is preparing to launch intelligent eyewear this fall, which could create a new growth avenue and increase customer engagement if adoption is strong. Warby Parker Reaffirms 2026 Revenue Guidance
• Neutral Sentiment: Unusually high call-option activity—7,805 contracts purchased versus typical daily volume of 4,547—signals increased speculative interest, but does not establish a fundamental change in valuation.
• Negative Sentiment: Warby Parker reaffirmed 2026 revenue guidance of $959 million to $976 million, below the roughly $979 million analyst consensus, suggesting expectations for slower near-term growth. Warby Parker Revenue Guidance
• Negative Sentiment: Coverage of the quarter highlighted traffic softness and launch-related costs. Profitability was also helped by a tariff refund, a benefit investors may view as nonrecurring rather than evidence of durable margin expansion. Warby Parker Swings to Profit on Tariff Refund

Warby Parker Price Performance

Shares of Warby Parker stock opened at $26.48 on Monday. Warby Parker has a fifty-two week low of $14.96 and a fifty-two week high of $31.00. The firm has a fifty day moving average price of $26.64 and a two-hundred day moving average price of $25.08. The company has a market cap of $2.87 billion, a PE ratio of 378.36, a price-to-earnings-growth ratio of 5.50 and a beta of 1.92.

Warby Parker (NYSE:WRBY - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08). The company had revenue of $242.45 million during the quarter, compared to analyst estimates of $239.44 million. Warby Parker had a return on equity of 3.36% and a net margin of 0.85%.The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 earnings per share. Analysts expect that Warby Parker will post 0.18 earnings per share for the current fiscal year.

Insider Transactions at Warby Parker

In other Warby Parker news, Director Youngme E. Moon sold 10,000 shares of the business's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $26.53, for a total value of $265,300.00. Following the sale, the director owned 26,061 shares of the company's stock, valued at $691,398.33. The trade was a 27.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Neil Harris Blumenthal sold 217,667 shares of the stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $29.61, for a total transaction of $6,445,119.87. Following the completion of the transaction, the chief executive officer owned 31,112 shares of the company's stock, valued at approximately $921,226.32. This represents a 87.49% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 366,207 shares of company stock valued at $10,814,738 in the last ninety days. 16.80% of the stock is owned by company insiders.

Institutional Trading of Warby Parker

Institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in Warby Parker by 32.5% in the fourth quarter. JPMorgan Chase & Co. now owns 9,679,067 shares of the company's stock worth $210,907,000 after purchasing an additional 2,375,726 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in Warby Parker by 31.3% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 3,028,307 shares of the company's stock valued at $63,806,000 after purchasing an additional 722,627 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Warby Parker by 17.2% in the 4th quarter. Bank of New York Mellon Corp now owns 2,594,171 shares of the company's stock valued at $56,527,000 after purchasing an additional 381,071 shares during the period. State Street Corp raised its holdings in shares of Warby Parker by 9.2% in the 4th quarter. State Street Corp now owns 2,408,610 shares of the company's stock worth $52,484,000 after buying an additional 202,029 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Warby Parker by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,297,123 shares of the company's stock worth $50,064,000 after buying an additional 11,736 shares in the last quarter. 93.24% of the stock is currently owned by institutional investors and hedge funds.

Warby Parker Company Profile

Warby Parker, Inc NYSE: WRBY is a U.S.-based eyewear company that designs, manufactures and sells prescription glasses, sunglasses and contact lenses through a direct-to-consumer model. Since its founding, the company has combined online and brick-and-mortar channels to streamline the customer experience, offering features such as virtual try-on technology and a home try-on program that allows consumers to sample frames before purchase.

Established in 2010 by Wharton graduates Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker set out to disrupt the traditional optical market by controlling the entire supply chain—from frame design and lens production to warehousing and distribution.

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