Fox Hill Wealth Management Purchases New Position in Warby Parker Inc. (NYSE:WRBY)

Fox Hill Wealth Management purchased a new stake in Warby Parker Inc. (NYSE:WRBY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,219 shares of the company’s stock, valued at approximately $247,000.

Several other large investors have also made changes to their positions in the company. Global Retirement Partners LLC acquired a new stake in Warby Parker in the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp lifted its holdings in Warby Parker by 205.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,528 shares of the company’s stock worth $37,000 after purchasing an additional 1,028 shares during the last quarter. KBC Group NV lifted its holdings in Warby Parker by 39.3% in the 4th quarter. KBC Group NV now owns 4,743 shares of the company’s stock worth $115,000 after purchasing an additional 1,339 shares during the last quarter. Cibc World Markets Corp acquired a new stake in Warby Parker in the 4th quarter worth approximately $201,000. Finally, Thrivent Financial for Lutherans acquired a new stake in Warby Parker in the 3rd quarter worth approximately $213,000. Institutional investors own 93.24% of the company’s stock.

Warby Parker Price Performance

Shares of NYSE:WRBY opened at $17.83 on Wednesday. The business’s fifty day moving average price is $24.62 and its two-hundred day moving average price is $21.29. Warby Parker Inc. has a fifty-two week low of $11.46 and a fifty-two week high of $28.68. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -66.02 and a beta of 1.91.

Analysts Set New Price Targets

Several research firms recently weighed in on WRBY. Roth Capital upgraded Warby Parker to a “strong-buy” rating in a report on Monday, February 24th. The Goldman Sachs Group upped their price target on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Roth Mkm assumed coverage on Warby Parker in a report on Tuesday, February 25th. They set a “neutral” rating and a $26.00 price target for the company. JMP Securities upped their price target on Warby Parker from $23.00 to $28.00 and gave the stock a “market outperform” rating in a report on Monday, December 16th. Finally, Stifel Nicolaus boosted their price objective on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Warby Parker presently has a consensus rating of “Moderate Buy” and an average target price of $23.43.

Insider Buying and Selling at Warby Parker

In other news, CFO Steven Clive Miller sold 11,684 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $23.52, for a total transaction of $274,807.68. Following the sale, the chief financial officer now owns 204,727 shares in the company, valued at approximately $4,815,179.04. This represents a 5.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Neil Harris Blumenthal sold 300,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total value of $7,542,000.00. Following the sale, the chief executive officer now owns 12,177 shares in the company, valued at $306,129.78. The trade was a 96.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 483,597 shares of company stock worth $12,211,257 over the last three months. Company insiders own 26.55% 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.