Warby Parker (NYSE:WRBY) Stock Price Expected to Rise, BTIG Research Analyst Says

Warby Parker (NYSE:WRBY) had its target price increased by research analysts at BTIG Research from $32.00 to $34.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 15.19% from the stock’s current price.

WRBY has been the subject of a number of other reports. UBS Group reissued a “neutral” rating and set a $20.00 price target on shares of Warby Parker in a research note on Wednesday, February 25th. Telsey Advisory Group reissued an “outperform” rating and set a $32.00 price target on shares of Warby Parker in a research note on Friday, February 20th. Weiss Ratings lowered Warby Parker from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 2nd. Finally, Citigroup raised their price objective on Warby Parker from $18.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, March 17th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Warby Parker has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

Warby Parker Trading Up 8.5%

Shares of Warby Parker stock opened at $29.52 on Thursday. The stock has a 50 day moving average of $23.31 and a 200 day moving average of $23.08. Warby Parker has a 12 month low of $14.96 and a 12 month high of $31.00. The firm has a market cap of $3.16 billion, a PE ratio of 1,476.54 and a beta of 1.95.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Warby Parker had a net margin of 0.15% and a return on equity of 2.32%. The firm had revenue of $242.45 million for the quarter, compared to the consensus estimate of $239.44 million. During the same period in the previous year, the company posted $0.03 earnings per share. Warby Parker’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts forecast that Warby Parker will post 0.24 earnings per share for the current fiscal year.

Insider Activity at Warby Parker

In other news, Director Bradley E. Singer sold 15,793 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $27.53, for a total value of $434,781.29. Following the completion of the sale, the director directly owned 16,026 shares of the company’s stock, valued at $441,195.78. This trade represents a 49.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Neil Harris Blumenthal sold 22,442 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $25.09, for a total value of $563,069.78. Following the completion of the sale, the chief executive officer directly owned 50,165 shares of the company’s stock, valued at $1,258,639.85. The trade was a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 115,793 shares of company stock valued at $2,901,550 over the last ninety days. Corporate insiders own 18.24% of the company’s stock.

Institutional Investors Weigh In On Warby Parker

A number of institutional investors and hedge funds have recently modified their holdings of the business. Man Group plc lifted its stake in shares of Warby Parker by 1.6% during the 2nd quarter. Man Group plc now owns 25,095 shares of the company’s stock worth $550,000 after acquiring an additional 400 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Warby Parker by 41.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,687 shares of the company’s stock worth $37,000 after acquiring an additional 494 shares during the last quarter. First Horizon Corp lifted its stake in shares of Warby Parker by 96.7% during the 4th quarter. First Horizon Corp now owns 1,210 shares of the company’s stock worth $26,000 after acquiring an additional 595 shares during the last quarter. Choreo LLC lifted its stake in shares of Warby Parker by 4.6% during the 3rd quarter. Choreo LLC now owns 16,605 shares of the company’s stock worth $458,000 after acquiring an additional 728 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of Warby Parker by 10.1% during the 3rd quarter. New York State Teachers Retirement System now owns 8,905 shares of the company’s stock worth $246,000 after acquiring an additional 816 shares during the last quarter. 93.24% of the stock is owned by institutional investors.

Warby Parker News Summary

Here are the key news stories impacting Warby Parker this week:

• Positive Sentiment: Warby Parker reported Q1 revenue of $242.45 million, topping estimates, and said revenue grew 8.4% year over year, signaling solid demand. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: The company posted Q1 earnings of $0.12 per share, matching year-ago results and beating Wall Street expectations, reinforcing that profitability is holding up better than feared. Warby Parker Inc. (WRBY) Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: Management said active customers rose 4.8% to 2.69 million and average revenue per customer increased 6.9%, both signs of healthy customer growth and monetization. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: Warby Parker guided FY2026 revenue to $959 million-$976 million, a range investors are treating as supportive even though it is slightly below consensus, and the company also generated net income of $3.2 million. Warby Parker Announces First Quarter 2026 Results
• Positive Sentiment: Analysts turned more constructive after earnings, with BTIG raising its price target to $34 and Telsey lifting its target to $33, both with bullish ratings. BTIG Research price target update
• Positive Sentiment: Telsey Advisory Group also upgraded its view to “outperform,” citing roughly 13.7% upside from the recent trading level. Telsey Advisory Group price target update

Warby Parker Company Profile

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.