Vaughan Nelson Investment Management L.P. Boosts Stake in Warby Parker Inc. (NYSE:WRBY)

Vaughan Nelson Investment Management L.P. raised its holdings in Warby Parker Inc. (NYSE:WRBY) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,645,540 shares of the company’s stock after acquiring an additional 89,835 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 2.60% of Warby Parker worth $64,047,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Verition Fund Management LLC bought a new position in shares of Warby Parker in the third quarter worth approximately $7,462,000. Loomis Sayles & Co. L P raised its position in shares of Warby Parker by 20.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,782,629 shares of the company’s stock valued at $29,111,000 after buying an additional 300,891 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Warby Parker by 13.6% during the 3rd quarter. Jennison Associates LLC now owns 1,939,116 shares of the company’s stock worth $31,666,000 after acquiring an additional 232,530 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Warby Parker by 12.8% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,856,370 shares of the company’s stock worth $30,315,000 after acquiring an additional 211,050 shares during the last quarter. Finally, Zweig DiMenna Associates LLC grew its position in Warby Parker by 57.2% in the third quarter. Zweig DiMenna Associates LLC now owns 507,450 shares of the company’s stock worth $8,287,000 after acquiring an additional 184,700 shares in the last quarter. Institutional investors own 93.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on WRBY. Stifel Nicolaus lifted their price target on Warby Parker from $17.00 to $20.00 and gave the stock a “hold” rating in a research note on Wednesday, December 11th. Citigroup restated a “sell” rating and issued a $23.00 target price (up previously from $19.00) on shares of Warby Parker in a research report on Wednesday. William Blair upgraded shares of Warby Parker from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 7th. Piper Sandler boosted their price objective on shares of Warby Parker from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Telsey Advisory Group increased their target price on shares of 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 given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Warby Parker has an average rating of “Moderate Buy” and an average price target of $21.77.

Insider Activity

In other Warby Parker news, CFO Steven Clive Miller sold 7,016 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $23.85, for a total transaction of $167,331.60. Following the transaction, the chief financial officer now owns 182,130 shares in the company, valued at approximately $4,343,800.50. This represents a 3.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Neil Harris Blumenthal sold 50,000 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $27.61, for a total value of $1,380,500.00. Following the completion of the transaction, the chief executive officer now directly owns 12,177 shares of the company’s stock, valued at $336,206.97. This represents a 80.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 608,032 shares of company stock valued at $15,188,364. Company insiders own 26.55% of the company’s stock.

Warby Parker Stock Performance

Shares of NYSE:WRBY opened at $26.37 on Friday. Warby Parker Inc. has a 1 year low of $11.35 and a 1 year high of $28.68. The stock’s 50-day moving average is $25.21 and its 200 day moving average is $19.64.

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.