Robert W. Baird Forecasts Strong Price Appreciation for Warby Parker (NYSE:WRBY) Stock

Warby Parker (NYSE:WRBY) had its price objective lifted by research analysts at Robert W. Baird from $30.00 to $32.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 31.65% from the stock’s current price.

Other analysts have also issued reports about the stock. The Goldman Sachs Group upped their price target on shares of Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Evercore ISI reiterated an “in-line” rating and issued a $23.00 target price on shares of Warby Parker in a research note on Friday, January 17th. Citigroup reissued a “sell” rating and set a $23.00 price target (up previously from $19.00) on shares of Warby Parker in a research report on Wednesday, February 5th. Piper Sandler upped their price objective on Warby Parker from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, BTIG Research lifted their target price on Warby Parker from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $22.86.

Warby Parker Stock Up 2.3 %

NYSE:WRBY opened at $24.31 on Friday. Warby Parker has a twelve month low of $11.35 and a twelve month high of $28.68. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -90.02 and a beta of 1.90. The stock’s 50 day moving average price is $25.62 and its two-hundred day moving average price is $20.55.

Insider Activity at Warby Parker

In related news, CEO Neil Harris Blumenthal sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at approximately $336,206.97. The trade was a 80.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Steven Clive Miller sold 14,853 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $22.61, for a total value of $335,826.33. Following the transaction, the chief financial officer now owns 189,146 shares in the company, valued at approximately $4,276,591.06. This trade represents a 7.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 608,032 shares of company stock worth $15,188,364. Corporate insiders own 26.55% of the company’s stock.

Institutional Investors Weigh In On Warby Parker

Several institutional investors and hedge funds have recently bought and sold shares of WRBY. Global Retirement Partners LLC bought a new position in Warby Parker in the 4th quarter valued at about $25,000. NewEdge Advisors LLC boosted its position in shares of Warby Parker by 700.0% during the 4th quarter. NewEdge Advisors LLC now owns 1,200 shares of the company’s stock worth $29,000 after acquiring an additional 1,050 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Warby Parker by 205.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after acquiring an additional 1,028 shares in the last quarter. Comerica Bank increased its stake in Warby Parker by 153.1% in the fourth quarter. Comerica Bank now owns 2,291 shares of the company’s stock valued at $55,000 after acquiring an additional 1,386 shares during the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in Warby Parker during the fourth quarter valued at approximately $69,000. Institutional investors own 93.24% of the company’s stock.

Warby Parker Company 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.