TimesSquare Capital Management LLC Has $40.39 Million Stock Holdings in Warby Parker Inc. (NYSE:WRBY)

TimesSquare Capital Management LLC lessened its holdings in shares of Warby Parker Inc. (NYSE:WRBY) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,668,270 shares of the company’s stock after selling 188,100 shares during the period. TimesSquare Capital Management LLC’s holdings in Warby Parker were worth $40,389,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in WRBY. Global Retirement Partners LLC acquired a new position in shares of Warby Parker during the 4th quarter worth about $25,000. KBC Group NV lifted its position in shares of Warby Parker by 39.3% during 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. Thrivent Financial for Lutherans acquired a new position in shares of Warby Parker during the 3rd quarter worth about $213,000. Shaker Investments LLC OH acquired a new position in shares of Warby Parker during the 4th quarter worth about $279,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Warby Parker during the 3rd quarter worth about $318,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on WRBY. The Goldman Sachs Group boosted their price objective on Warby Parker from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Robert W. Baird upped their price target on Warby Parker from $18.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus upped their price target on Warby Parker from $17.00 to $20.00 and gave the company a “hold” rating in a report on Wednesday, December 11th. Morgan Stanley upped their price target on Warby Parker from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Finally, Telsey Advisory Group upped their price target on Warby Parker from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.77.

Insider Activity

In related news, CEO Neil Harris Blumenthal sold 300,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.14, for a total transaction of $7,542,000.00. Following the sale, the chief executive officer now directly owns 12,177 shares in the company, valued at $306,129.78. This represents a 96.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Steven Clive Miller sold 7,016 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total value of $167,331.60. Following the sale, the chief financial officer now owns 182,130 shares in the company, valued at approximately $4,343,800.50. This trade represents a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 608,032 shares of company stock worth $15,188,364. Company insiders own 26.55% of the company’s stock.

Warby Parker Trading Down 1.8 %

WRBY stock opened at $25.22 on Wednesday. Warby Parker Inc. has a 1-year low of $11.35 and a 1-year high of $28.68. The business’s 50 day moving average is $25.59 and its 200-day moving average is $20.15.

Warby Parker 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.