D1 Capital Partners L.P. Sells 5,500,000 Shares of Warby Parker Inc. (NYSE:WRBY) Stock

Warby Parker Inc. (NYSE:WRBY - Get Free Report) major shareholder D1 Capital Partners L.P. sold 5,500,000 shares of the business's stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $15.66, for a total value of $86,130,000.00. Following the sale, the insider now owns 9,444,023 shares in the company, valued at $147,893,400.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

Warby Parker Price Performance

• Warby Parker Stock Is A High-Probability Candidate For A Short-Squeeze

Shares of Warby Parker stock traded down $0.13 during trading hours on Tuesday, hitting $15.36. 890,028 shares of the company's stock traded hands, compared to its average volume of 1,288,719. Warby Parker Inc. has a 12-month low of $9.83 and a 12-month high of $17.95. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -32.98 and a beta of 1.85. The company has a fifty day simple moving average of $14.85 and a 200-day simple moving average of $13.70.

Warby Parker (NYSE:WRBY - Get Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Warby Parker had a negative return on equity of 13.19% and a negative net margin of 7.89%. The firm had revenue of $200.00 million during the quarter, compared to analyst estimates of $196.25 million. On average, analysts forecast that Warby Parker Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

• Warby Parker is One For the Watchlist

WRBY has been the topic of several analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $19.00 target price on shares of Warby Parker in a report on Thursday, May 9th. Morgan Stanley boosted their price target on Warby Parker from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday, May 10th. Finally, UBS Group boosted their price target on Warby Parker from $13.00 to $15.00 and gave the company a "neutral" rating in a research note on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.50.

View Our Latest Analysis on WRBY

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in Warby Parker by 0.5% in the 3rd quarter. FMR LLC now owns 9,277,969 shares of the company's stock worth $122,098,000 after buying an additional 43,601 shares during the last quarter. Vanguard Group Inc. lifted its position in Warby Parker by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 8,677,106 shares of the company's stock worth $118,095,000 after buying an additional 219,120 shares during the last quarter. Baillie Gifford & Co. increased its stake in Warby Parker by 6.3% in the 4th quarter. Baillie Gifford & Co. now owns 6,430,452 shares of the company's stock worth $90,669,000 after purchasing an additional 378,781 shares during the period. TimesSquare Capital Management LLC increased its stake in Warby Parker by 149.4% in the 1st quarter. TimesSquare Capital Management LLC now owns 1,687,750 shares of the company's stock worth $22,970,000 after purchasing an additional 1,011,030 shares during the period. Finally, Scopia Capital Management LP increased its stake in Warby Parker by 781.3% in the 3rd quarter. Scopia Capital Management LP now owns 1,590,744 shares of the company's stock worth $20,934,000 after purchasing an additional 1,410,243 shares during the period. Institutional investors own 93.24% of the company's stock.

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.

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