First Trust Advisors LP Sells 142,904 Shares of Warby Parker Inc. $WRBY

First Trust Advisors LP reduced its stake in shares of Warby Parker Inc. (NYSE:WRBY) by 62.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,951 shares of the company’s stock after selling 142,904 shares during the quarter. First Trust Advisors LP’s holdings in Warby Parker were worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TimesSquare Capital Management LLC boosted its stake in shares of Warby Parker by 34.2% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,353,554 shares of the company’s stock valued at $29,494,000 after purchasing an additional 344,879 shares in the last quarter. Wellington Shields Capital Management LLC bought a new position in Warby Parker in the fourth quarter worth about $935,000. Primoris Wealth Advisors LLC bought a new position in Warby Parker in the fourth quarter worth about $1,781,000. King Luther Capital Management Corp lifted its holdings in Warby Parker by 48.4% in the fourth quarter. King Luther Capital Management Corp now owns 423,258 shares of the company’s stock worth $9,223,000 after buying an additional 137,995 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Warby Parker in the first quarter worth about $2,713,000. 93.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Warby Parker

In other news, Director Youngme E. Moon sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $26.53, for a total value of $265,300.00. Following the sale, the director directly owned 26,061 shares of the company’s stock, valued at $691,398.33. The trade was a 27.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Neil Harris Blumenthal sold 217,667 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $29.61, for a total value of $6,445,119.87. Following the completion of the sale, the chief executive officer owned 31,112 shares in the company, valued at $921,226.32. The trade was a 87.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 366,207 shares of company stock worth $10,814,738 over the last three months. Company insiders own 16.80% of the company’s stock.

Warby Parker Price Performance

Shares of NYSE WRBY opened at $26.48 on Friday. Warby Parker Inc. has a 1 year low of $14.96 and a 1 year high of $31.00. The stock has a market cap of $2.84 billion, a P/E ratio of 378.36, a price-to-earnings-growth ratio of 5.50 and a beta of 1.92. The firm has a 50-day moving average of $26.64 and a 200 day moving average of $25.10.

Warby Parker (NYSE:WRBY) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $242.45 million for the quarter, compared to the consensus estimate of $239.44 million. Warby Parker had a return on equity of 3.36% and a net margin of 0.85%.The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Research analysts expect that Warby Parker Inc. will post 0.18 earnings per share for the current fiscal year.

Warby Parker News Roundup

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

• Positive Sentiment: Citizens JMP lowered its price target modestly to $29 from $30 but maintained a Market Outperform rating, implying roughly 9.5% upside from the referenced share price. Benzinga
• Positive Sentiment: Warby Parker reported quarterly adjusted earnings of $0.13 per share, above the $0.12 consensus estimate and up from $0.08 a year earlier, while revenue grew approximately 9.6% year over year. Warby Parker Surpasses Q2 Earnings Estimates
• Positive Sentiment: The company is preparing to launch intelligent eyewear this fall, which could create a new growth avenue and increase customer engagement if adoption is strong. Warby Parker Reaffirms 2026 Revenue Guidance
• Neutral Sentiment: Unusually high call-option activity—7,805 contracts purchased versus typical daily volume of 4,547—signals increased speculative interest, but does not establish a fundamental change in valuation.
• Negative Sentiment: Warby Parker reaffirmed 2026 revenue guidance of $959 million to $976 million, below the roughly $979 million analyst consensus, suggesting expectations for slower near-term growth. Warby Parker Revenue Guidance
• Negative Sentiment: Coverage of the quarter highlighted traffic softness and launch-related costs. Profitability was also helped by a tariff refund, a benefit investors may view as nonrecurring rather than evidence of durable margin expansion. Warby Parker Swings to Profit on Tariff Refund

Analyst Ratings Changes

Several analysts have weighed in on the company. Citigroup reaffirmed a “market outperform” rating on shares of Warby Parker in a research report on Friday, May 22nd. Piper Sandler reissued an “overweight” rating on shares of Warby Parker in a research report on Tuesday, May 19th. BTIG Research raised their target price on Warby Parker from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Telsey Advisory Group lifted their price target on Warby Parker from $32.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Finally, Citizens Jmp reduced their price target on Warby Parker from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.18.

About Warby Parker

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.