Warby Parker (NYSE:WRBY) Stock Price Down 6.6% – What’s Next?

Warby Parker Inc. (NYSE:WRBY)’s share price was down 6.6% on Tuesday. The stock traded as low as $22.46 and last traded at $22.2850. Approximately 1,179,978 shares were traded during trading, a decline of 61% from the average session volume of 3,050,218 shares. The stock had previously closed at $23.86.

Warby Parker News Roundup

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

• Positive Sentiment: Revenue increased 10.4% year over year to $244.7 million, roughly in line with estimates. Active customers grew 3% to 2.74 million, while average revenue per customer rose 6.7% to $342. Gross margin also improved to 54.4%. These metrics point to ongoing growth and higher customer spending. Warby Parker Announces Third Quarter 2026 Results
• Neutral Sentiment: Coverage gave mixed comparisons for earnings: Zacks reported $0.11 per share, above its $0.09 consensus, while other reports cited $0.04 per share. The differing figures may reflect different earnings measures or estimates, making the headline beat-or-miss picture less clear. Zacks Q3 Earnings and Revenues
• Negative Sentiment: Using the $0.04 EPS figure, Warby Parker missed the cited $0.09 analyst consensus, while revenue was essentially in line with expectations. That earnings shortfall is a counterpoint to the positive growth and margin trends. MarketBeat Q3 Results

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on WRBY shares. UBS Group upped their price target on Warby Parker from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. TD Cowen began coverage on Warby Parker in a research report on Friday, October 30th. They set a “strong-buy” rating on the stock. Citizens Jmp lowered their price objective on Warby Parker from $30.00 to $29.00 and set a “market outperform” rating on the stock in a research note on Friday, August 7th. Citigroup restated a “market outperform” rating on shares of Warby Parker in a report on Thursday, September 17th. Finally, Roth Capital reaffirmed a “neutral” rating and issued a $28.00 target price on shares of Warby Parker in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Warby Parker presently has an average rating of “Moderate Buy” and a consensus price target of $30.00.

Warby Parker Trading Up 22.6%

The firm’s fifty day simple moving average is $24.91 and its two-hundred day simple moving average is $25.12. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 372.94, a price-to-earnings-growth ratio of 6.97 and a beta of 1.95.

Warby Parker (NYSE:WRBY) last announced its quarterly earnings results on Thursday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.05). The firm had revenue of $244.74 million for the quarter, compared to analyst estimates of $244.92 million. Warby Parker had a return on equity of 3.36% and a net margin of 0.85%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. As a group, analysts forecast that Warby Parker Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Neil Blumenthal sold 100,000 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $27.69, for a total value of $2,769,000.00. Following the transaction, the chief executive officer owned 36,020 shares of the company’s stock, valued at $997,393.80. This represents a 73.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.80% of the stock is owned by corporate insiders.

Institutional Trading of Warby Parker

Hedge funds and other institutional investors have recently modified their holdings of the business. Ranger Investment Management L.P. purchased a new stake in Warby Parker in the 2nd quarter valued at about $30,949,000. Bank of America Corp DE boosted its stake in Warby Parker by 30.9% during the first quarter. Bank of America Corp DE now owns 1,377,646 shares of the company’s stock worth $29,027,000 after buying an additional 325,250 shares during the period. Atreides Management LP boosted its stake in Warby Parker by 74.8% during the first quarter. Atreides Management LP now owns 686,995 shares of the company’s stock worth $14,475,000 after buying an additional 293,910 shares during the period. Dimensional Fund Advisors LP boosted its stake in Warby Parker by 10.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,722,577 shares of the company’s stock worth $36,291,000 after buying an additional 166,235 shares during the period. Finally, CenterBook Partners LP acquired a new stake in shares of Warby Parker during the third quarter valued at about $2,834,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Warby Parker Company Profile

Warby Parker Inc is an optical retailer that designs, manufactures and sells prescription eyeglasses, sunglasses, contact lenses and related accessories. The company offers its products through its website, mobile applications and a growing network of retail stores, combining online shopping with in-person services such as frame fitting and eye examinations.

Founded in 2010 by Neil Blumenthal, Dave Gilboa, Andrew Hunt and Jeffrey Raider, Warby Parker was established as a direct-to-consumer eyewear company.