FourThought Financial Partners LLC Cuts Stake in Warby Parker Inc. (NYSE:WRBY)

FourThought Financial Partners LLC lessened its stake in Warby Parker Inc. (NYSE:WRBY) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,805 shares of the company’s stock after selling 2,112 shares during the quarter. FourThought Financial Partners LLC’s holdings in Warby Parker were worth $787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Scopia Capital Management LP increased its stake in Warby Parker by 781.3% during the 3rd quarter. Scopia Capital Management LP now owns 1,590,744 shares of the company’s stock valued at $20,934,000 after purchasing an additional 1,410,243 shares in the last quarter. Jennison Associates LLC purchased a new stake in shares of Warby Parker during the fourth quarter valued at approximately $12,034,000. Baillie Gifford & Co. increased its position in shares of Warby Parker by 6.3% during the fourth quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company’s stock valued at $90,669,000 after acquiring an additional 378,781 shares in the last quarter. Rock Springs Capital Management LP raised its holdings in Warby Parker by 18.9% in the 3rd quarter. Rock Springs Capital Management LP now owns 1,575,000 shares of the company’s stock worth $20,727,000 after acquiring an additional 250,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Warby Parker by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 7,850,634 shares of the company’s stock valued at $103,314,000 after acquiring an additional 219,160 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Insider Transactions at Warby Parker

In other Warby Parker news, CEO David Abraham Gilboa sold 28,311 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total transaction of $336,334.68. Following the completion of the sale, the chief executive officer now owns 12,306 shares of the company’s stock, valued at $146,195.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Warby Parker news, CEO David Abraham Gilboa sold 28,311 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $11.88, for a total transaction of $336,334.68. Following the sale, the chief executive officer now owns 12,306 shares in the company, valued at approximately $146,195.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Steven Clive Miller sold 8,708 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $11.88, for a total transaction of $103,451.04. Following the completion of the transaction, the chief financial officer now owns 191,104 shares of the company’s stock, valued at $2,270,315.52. The disclosure for this sale can be found here. Insiders have sold 89,084 shares of company stock worth $1,074,979 in the last 90 days. 26.91% of the stock is currently owned by insiders.

Warby Parker Price Performance

Warby Parker stock traded up $0.38 during mid-day trading on Friday, reaching $12.68. 948,073 shares of the stock traded hands, compared to its average volume of 1,087,893. Warby Parker Inc. has a 12-month low of $9.83 and a 12-month high of $16.49. The business’s 50-day moving average is $12.72 and its 200-day moving average is $12.79. The stock has a market capitalization of $1.26 billion, a PE ratio of -23.48 and a beta of 1.64.

Warby Parker (NYSE:WRBY) last released its quarterly earnings results on Wednesday, February 28th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). The business had revenue of $161.86 million for the quarter, compared to analysts’ expectations of $161.01 million. Warby Parker had a negative net margin of 9.44% and a negative return on equity of 16.36%. Equities analysts anticipate that Warby Parker Inc. will post -0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on WRBY shares. Morgan Stanley lifted their target price on Warby Parker from $12.00 to $13.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Telsey Advisory Group reiterated an “outperform” rating and issued a $19.00 price objective on shares of Warby Parker in a report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.29.

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.