Warby Parker Inc. $WRBY Shares Newly Bought by CenterBook Partners LP

CenterBook Partners LP purchased a new position in shares of Warby Parker Inc. (NYSE:WRBY) during the third quarter, Holdings Channel reports. The firm purchased 102,009 shares of the company’s stock, valued at approximately $2,834,000.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Warby Parker by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,722,577 shares of the company’s stock valued at $36,291,000 after purchasing an additional 166,235 shares during the period. Bank of America Corp DE increased its position in shares of Warby Parker by 30.9% in the first quarter. Bank of America Corp DE now owns 1,377,646 shares of the company’s stock valued at $29,027,000 after buying an additional 325,250 shares in the last quarter. Ranger Investment Management L.P. acquired a new position in shares of Warby Parker during the 2nd quarter worth approximately $30,949,000. Atreides Management LP raised its stake in shares of Warby Parker by 74.8% during the 1st quarter. Atreides Management LP now owns 686,995 shares of the company’s stock worth $14,475,000 after buying an additional 293,910 shares during the period. Finally, Simplify Asset Management Inc. raised its stake in shares of Warby Parker by 6.9% during the 3rd quarter. Simplify Asset Management Inc. now owns 627,337 shares of the company’s stock worth $17,427,000 after buying an additional 40,271 shares during the period. Hedge funds and other institutional investors own 93.24% of the company’s stock.

Insider Buying and Selling

In related news, CEO Neil Blumenthal sold 100,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $27.69, for a total value of $2,769,000.00. Following the completion of the transaction, the chief executive officer directly owned 36,020 shares of the company’s stock, valued at approximately $997,393.80. This represents a 73.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 16.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WRBY. BTIG Research reissued a “buy” rating on shares of Warby Parker in a research note on Tuesday, October 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $32.00 price target on shares of Warby Parker in a report on Friday. UBS Group upped their price objective on shares of Warby Parker from $28.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday. Citizens Jmp increased their price objective on shares of Warby Parker from $29.00 to $40.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 target price on shares of Warby Parker in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.42.

More Warby Parker News

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

• Positive Sentiment: Citizens JMP raised its price target to $40 from $29 and reiterated “market outperform.” The new target implies about 56% upside from the $25.63 reference price. Citizens JMP rating
• Positive Sentiment: Management signaled 15%–20% revenue growth for Q4 and expects deliveries of its new Intelligent Eyewear to begin in mid-December, providing a possible growth driver. Q4 growth outlook and Intelligent Eyewear
• Positive Sentiment: Q3 revenue rose 10.4% year over year to $244.7 million, with active customers up 3% to 2.74 million, average revenue per customer up 6.7%, and gross margin improving to 54.4%. These trends support the growth narrative. Q3 results
• Neutral Sentiment: One report noted WRBY moved above its 200-day moving average, a potentially supportive technical signal, although it does not resolve the earnings concerns. Moving-average report
• Negative Sentiment: Profit results were less clear and may weigh on sentiment. The supplied earnings data shows $0.04 per share versus a $0.09 consensus estimate, while another report cited $0.11 and a beat—likely reflecting different earnings measures. Revenue was approximately in line with estimates. Q3 metrics comparison
• Negative Sentiment: Coverage also flagged substantial spending ahead, which could limit near-term profitability even as Warby Parker expands stores and product lines. Q3 spending outlook

Warby Parker Price Performance

Shares of Warby Parker stock opened at $25.63 on Friday. The business has a 50 day simple moving average of $24.91 and a two-hundred day simple moving average of $25.12. Warby Parker Inc. has a 12 month low of $16.26 and a 12 month high of $31.00. The stock has a market capitalization of $2.77 billion, a P/E ratio of 427.25, a PEG ratio of 8.34 and a beta of 1.95.

Warby Parker (NYSE:WRBY) last released its earnings results on Thursday, November 5th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.05). The firm had revenue of $244.74 million during the quarter, compared to analysts’ expectations of $244.92 million. Warby Parker had a net margin of 0.80% and a return on equity of 3.36%. The business’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.05 EPS. As a group, research analysts anticipate that Warby Parker Inc. will post 0.12 EPS for the current fiscal year.

About Warby Parker

Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.

Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.