Warby Parker Inc. (NYSE:WRBY - Get Free Report) CEO Neil Harris Blumenthal sold 9,200 shares of the business's stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $29.99, for a total transaction of $275,908.00. Following the completion of the sale, the chief executive officer directly owned 31,112 shares of the company's stock, valued at $933,048.88. The trade was a 22.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

• The Smart Glasses Gold Rush Is Leaving Old-School Eyewear Behind

Neil Harris Blumenthal also recently made the following trade(s):

• On Wednesday, July 1st, Neil Harris Blumenthal sold 217,667 shares of Warby Parker stock. The shares were sold at an average price of $29.61, for a total transaction of $6,445,119.87.
• On Monday, June 29th, Neil Harris Blumenthal sold 36,300 shares of Warby Parker stock. The stock was sold at an average price of $30.04, for a total transaction of $1,090,452.00.
• On Tuesday, May 19th, Neil Harris Blumenthal sold 63,040 shares of Warby Parker stock. The stock was sold at an average price of $30.03, for a total value of $1,893,091.20.
• On Monday, April 20th, Neil Harris Blumenthal sold 22,442 shares of Warby Parker stock. The stock was sold at an average price of $25.09, for a total value of $563,069.78.
• On Friday, April 17th, Neil Harris Blumenthal sold 75,213 shares of Warby Parker stock. The shares were sold at an average price of $24.56, for a total value of $1,847,231.28.
• On Thursday, April 16th, Neil Harris Blumenthal sold 2,345 shares of Warby Parker stock. The shares were sold at an average price of $24.08, for a total value of $56,467.60.

Warby Parker Stock Down 1.1%

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Shares of NYSE WRBY opened at $27.73 on Thursday. The stock's 50 day moving average price is $26.13 and its two-hundred day moving average price is $24.94. Warby Parker Inc. has a 52-week low of $14.96 and a 52-week high of $31.00. The stock has a market capitalization of $2.97 billion, a P/E ratio of 1,387.44, a PEG ratio of 5.60 and a beta of 1.91.

• Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze

Warby Parker (NYSE:WRBY - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). Warby Parker had a return on equity of 2.30% and a net margin of 0.15%.The firm had revenue of $242.45 million during the quarter, compared to analyst estimates of $239.44 million. During the same quarter in the previous year, the business posted $0.03 EPS. Warby Parker's revenue was up 8.4% compared to the same quarter last year. On average, analysts anticipate that Warby Parker Inc. will post 0.19 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings raised shares of Warby Parker from a "sell (d)" rating to a "hold (c-)" rating in a report on Monday, May 11th. BTIG Research raised their price target on shares of Warby Parker from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Telsey Advisory Group lifted their price target on shares of Warby Parker from $32.00 to $33.00 and gave the company an "outperform" rating in a report on Friday, May 8th. Bank of America assumed coverage on shares of Warby Parker in a research report on Monday, June 29th. They set a "buy" rating and a $33.00 price objective for the company. Finally, Citigroup reiterated a "market outperform" rating on shares of Warby Parker in a research note on Friday, May 22nd. Ten equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $29.82.

• Warby Parker is One For the Watchlist

View Our Latest Analysis on Warby Parker

Institutional Investors Weigh In On Warby Parker

Several large investors have recently added to or reduced their stakes in the stock. First Horizon Corp lifted its stake in Warby Parker by 96.7% in the fourth quarter. First Horizon Corp now owns 1,210 shares of the company's stock valued at $26,000 after buying an additional 595 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Warby Parker by 105.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the company's stock worth $28,000 after acquiring an additional 673 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Warby Parker during the fourth quarter worth about $35,000. Farther Finance Advisors LLC increased its holdings in shares of Warby Parker by 41.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,687 shares of the company's stock worth $37,000 after acquiring an additional 494 shares during the period. Finally, Parallel Advisors LLC increased its holdings in shares of Warby Parker by 110.7% in the 1st quarter. Parallel Advisors LLC now owns 1,837 shares of the company's stock worth $39,000 after acquiring an additional 965 shares during the period. 93.24% of the stock is owned by institutional investors and hedge funds.

About Warby Parker

(Get Free Report)

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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