Dynamic Technology Lab Private Ltd Purchases 75,325 Shares of Warby Parker Inc. $WRBY

Dynamic Technology Lab Private Ltd grew its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 209.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,322 shares of the company’s stock after purchasing an additional 75,325 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Warby Parker were worth $2,442,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of WRBY. PNC Financial Services Group Inc. raised its position 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 valued at $35,000 after purchasing an additional 1,281 shares during the period. Huntington National Bank boosted its holdings in Warby Parker by 111.0% in the 2nd quarter. Huntington National Bank now owns 1,675 shares of the company’s stock worth $37,000 after buying an additional 881 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Warby Parker in the 1st quarter valued at approximately $58,000. Anderson Financial Strategies LLC raised its holdings in Warby Parker by 39.0% during 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 lifted its position in shares of Warby Parker by 231.9% during the first quarter. CWM LLC now owns 5,855 shares of the company’s stock worth $107,000 after acquiring an additional 4,091 shares in the last quarter. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Warby Parker Stock Up 1.3%

NYSE:WRBY opened at $17.38 on Thursday. Warby Parker Inc. has a twelve month low of $13.63 and a twelve month high of $29.73. The stock has a market cap of $1.84 billion, a P/E ratio of 1,737.70 and a beta of 2.06. The business’s 50-day moving average price is $22.75 and its two-hundred day moving average price is $22.69.

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

Analyst Ratings Changes

WRBY has been the subject of several recent research reports. Evercore ISI reiterated a “positive” rating on shares of Warby Parker in a research report on Thursday, August 7th. Telsey Advisory Group restated an “outperform” rating and issued a $24.00 target price on shares of Warby Parker in a research note on Tuesday. 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. Wall Street Zen lowered shares of Warby Parker from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warby Parker in a research note on Thursday, November 13th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.53.

Insider Buying and Selling at Warby Parker

In other Warby Parker news, CEO Neil Harris Blumenthal sold 8,416 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $27.52, for a total transaction of $231,608.32. Following the sale, the chief executive officer owned 32,733 shares in the company, valued at $900,812.16. This trade represents a 20.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joel E. Cutler sold 35,000 shares of Warby Parker stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $26.75, for a total value of $936,250.00. Following the sale, the director directly owned 19,932 shares of the company’s stock, 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 90 days, insiders have sold 85,000 shares of company stock worth $2,312,661. Corporate insiders own 18.24% of the company’s stock.

About Warby Parker

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.