Warby Parker (NYSE:WRBY) Given New $29.00 Price Target at Citizens Jmp

Warby Parker (NYSE:WRBY) had its price target decreased by Citizens Jmp from $30.00 to $29.00 in a research note released on Friday morning,Benzinga reports. Citizens Jmp currently has a market outperform rating on the stock.

WRBY has been the subject of several other reports. Roth Capital reaffirmed a “neutral” rating and set a $28.00 target price on shares of Warby Parker in a report on Wednesday. Bank of America began coverage on Warby Parker in a research report on Monday, June 29th. They set a “buy” rating and a $33.00 price objective for the company. Piper Sandler restated an “overweight” rating on shares of Warby Parker in a research note on Tuesday, May 19th. BTIG Research increased their target price on Warby Parker from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, UBS Group increased their target price on Warby Parker from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Friday. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.18.

Warby Parker Stock Performance

NYSE WRBY opened at $26.48 on Friday. Warby Parker has a one year low of $14.96 and a one year high of $31.00. The company has a 50-day simple moving average of $26.64 and a 200-day simple moving average of $25.10. The firm has a market capitalization of $2.84 billion, a PE ratio of 378.36, a price-to-earnings-growth ratio of 5.61 and a beta of 1.92.

Warby Parker (NYSE:WRBY) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). Warby Parker had a return on equity of 3.36% and a net margin of 0.85%.The business had revenue of $242.45 million for the quarter, compared to analyst estimates of $239.44 million. During the same quarter last year, the company earned $0.03 EPS. Warby Parker’s revenue was up 8.4% compared to the same quarter last year. Equities analysts forecast that Warby Parker will post 0.18 earnings per share for the current year.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 9,200 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $29.99, for a total value of $275,908.00. Following the completion of the transaction, the chief executive officer directly owned 31,112 shares of the company’s stock, valued at $933,048.88. This represents a 22.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Youngme E. Moon sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 26,061 shares in the company, valued at approximately $691,398.33. This represents a 27.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 366,207 shares of company stock worth $10,814,738 over the last ninety days. 16.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in WRBY. AQR Capital Management LLC raised its stake in shares of Warby Parker by 101.0% during the first quarter. AQR Capital Management LLC now owns 171,271 shares of the company’s stock valued at $3,122,000 after purchasing an additional 86,053 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Warby Parker by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,690 shares of the company’s stock valued at $961,000 after buying an additional 2,297 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Warby Parker by 96.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,888,817 shares of the company’s stock valued at $34,433,000 after buying an additional 929,073 shares in the last quarter. Caxton Associates LLP acquired a new position in Warby Parker during the 1st quarter valued at about $252,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Warby Parker by 17.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 257,020 shares of the company’s stock valued at $4,685,000 after buying an additional 38,395 shares during the period. Institutional investors and hedge funds own 93.24% of the company’s stock.

More Warby Parker News

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

About Warby Parker

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.