TimesSquare Capital Management LLC Raises Stake in Warby Parker Inc. (NYSE:WRBY)

TimesSquare Capital Management LLC raised its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 12.8% in the third quarter, Holdings Channel reports. The institutional investor owned 1,856,370 shares of the company’s stock after buying an additional 211,050 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Warby Parker were worth $30,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jacobson & Schmitt Advisors LLC increased its holdings in Warby Parker by 0.3% during the 1st quarter. Jacobson & Schmitt Advisors LLC now owns 408,105 shares of the company’s stock worth $5,554,000 after acquiring an additional 1,397 shares during the period. ProShare Advisors LLC increased its stake in Warby Parker by 10.2% in the 1st quarter. ProShare Advisors LLC now owns 15,470 shares of the company’s stock worth $211,000 after acquiring an additional 1,434 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Warby Parker by 3.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 47,908 shares of the company’s stock valued at $782,000 after acquiring an additional 1,556 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Warby Parker by 79.9% during the first quarter. Advisors Asset Management Inc. now owns 5,125 shares of the company’s stock worth $70,000 after purchasing an additional 2,276 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Warby Parker by 11.5% in the second quarter. Hsbc Holdings PLC now owns 25,696 shares of the company’s stock worth $413,000 after purchasing an additional 2,651 shares during the last quarter. 93.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Warby Parker

In related news, CFO Steven Clive Miller sold 15,272 shares of the company’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $13.00, for a total transaction of $198,536.00. Following the completion of the sale, the chief financial officer now directly owns 184,251 shares in the company, valued at $2,395,263. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Steven Clive Miller sold 15,272 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $13.00, for a total value of $198,536.00. Following the sale, the chief financial officer now directly owns 184,251 shares of the company’s stock, valued at $2,395,263. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley E. Singer purchased 50,000 shares of Warby Parker stock in a transaction that occurred on Tuesday, August 13th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $650,000.00. Following the acquisition, the director now owns 100,000 shares in the company, valued at $1,300,000. This trade represents a 100.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 99,178 shares of company stock worth $1,339,901. Insiders own 26.55% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on WRBY. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday. Stifel Nicolaus lifted their price objective on shares of Warby Parker from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Robert W. Baird increased their target price on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday. BTIG Research raised their price target on Warby Parker from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities upgraded Warby Parker from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.18.

Warby Parker Trading Up 1.0 %

WRBY opened at $19.51 on Friday. Warby Parker Inc. has a 12 month low of $9.83 and a 12 month high of $19.93. The business’s 50-day moving average price is $15.92 and its 200-day moving average price is $15.57.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. Warby Parker had a negative return on equity of 8.40% and a negative net margin of 4.39%. The business had revenue of $188.22 million for the quarter, compared to analysts’ expectations of $186.89 million. On average, equities analysts forecast that Warby Parker Inc. will post -0.04 earnings per share for the current fiscal year.

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.