Impax Asset Management Group plc Purchases New Shares in Warby Parker Inc. $WRBY

Impax Asset Management Group plc purchased a new stake in Warby Parker Inc. (NYSE:WRBY) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 300,000 shares of the company’s stock, valued at approximately $6,579,000. Impax Asset Management Group plc owned 0.29% of Warby Parker as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in WRBY. PNC Financial Services Group Inc. increased its stake in shares of Warby Parker by 400.3% in the second quarter. PNC Financial Services Group Inc. now owns 1,601 shares of the company’s stock worth $35,000 after acquiring an additional 1,281 shares during the period. Huntington National Bank boosted its position in shares of Warby Parker by 111.0% during the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company’s stock valued at $37,000 after acquiring an additional 881 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Warby Parker in the first quarter worth approximately $58,000. Anderson Financial Strategies LLC raised its stake in shares of Warby Parker by 39.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 3,954 shares of the company’s stock valued at $72,000 after acquiring an additional 1,109 shares during the period. Finally, CWM LLC raised its holdings in shares of Warby Parker by 231.9% in the 1st quarter. CWM LLC now owns 5,855 shares of the company’s stock valued at $107,000 after buying an additional 4,091 shares during the period. 93.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on WRBY shares. Evercore ISI reiterated a “positive” rating on shares of Warby Parker in a report on Thursday, August 7th. UBS Group decreased their target price on Warby Parker from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Zacks Research upgraded shares of Warby Parker from a “strong sell” rating to a “hold” rating in a report on Thursday, September 4th. Roth Capital set a $24.00 price target on Warby Parker and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $24.53.

Warby Parker Stock Down 0.9%

Shares of WRBY stock opened at $17.33 on Friday. The business’s 50 day moving average is $23.53 and its two-hundred day moving average is $22.63. Warby Parker Inc. has a 12 month low of $13.63 and a 12 month high of $29.73. The company has a market cap of $1.83 billion, a PE ratio of 1,733.00 and a beta of 2.06.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Warby Parker had a return on equity of 1.96% and a net margin of 0.08%.The business had revenue of $221.68 million for the quarter, compared to the consensus estimate of $224.49 million. During the same quarter in the prior year, the business earned ($0.03) EPS. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. Warby Parker has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Warby Parker Inc. will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Neil Harris Blumenthal sold 8,416 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $27.52, for a total value of $231,608.32. Following the completion of the sale, the chief executive officer owned 32,733 shares of the company’s stock, valued at approximately $900,812.16. This represents a 20.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joel E. Cutler sold 35,000 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $26.75, for a total value of $936,250.00. Following the completion of the sale, the director owned 19,932 shares in the company, valued at approximately $533,181. This trade represents a 63.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 85,000 shares of company stock worth $2,312,661. 18.24% of the stock is owned by insiders.

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.