B of A Securities Rates Warby Parker (WRBY) buy, $33 Price Target

B of A Securities has reiterated its buy rating for Warby Parker Inc. (NYSE: WRBY) and set a price target of $33. This reaffirmation came on June 29, 2026, with analyst Robert Ohmes leading the coverage. On the same day, shares of Warby Parker traded at $29.24.

Other Institutional Activity in Warby Parker

FMR LLC increased its holdings in Warby Parker by 153,996 shares, bringing its total to 15,526,372 shares valued at about $327.1 million. JPMorgan Chase & Co added 409,042 shares, resulting in 10,088,109 shares worth approximately $205.2 million, marking a 4.2% increase. In contrast, BlackRock, Inc. reduced its stake by 721,557 shares, now holding 7,259,063 shares valued at about $152.9 million, a 9% decrease. Durable Capital Partners LP also cut its holdings by 914,092 shares, ending with 6,396,513 shares worth approximately $134.8 million, reflecting a 12.5% decrease. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, holding 5,331,553 and 4,403,508 shares valued at $112.3 million and $92.8 million, respectively.

Warby Parker Inc. Stock Up 34.8%

As of Monday, Warby Parker's stock traded at $29.24. The company has a market capitalization of around $3.59 billion and a forward P/E ratio of 44.03. The stock's beta is 1.969, indicating higher volatility compared to the market. Warby Parker's 52-week range spans from $14.96 to $31.00. The 50-day moving average is $25.19, while the 200-day moving average is $23.97. The company maintains a strong financial position with a current ratio of 2.334 and a quick ratio of 1.892, alongside a debt-to-equity ratio of 63.233.

Recent Earnings

Warby Parker reported revenue of $890.6 million, reflecting an 8.3% growth. The company's net margin stands at 0.151%, and return on equity is 0.369%. Earnings per share are currently $0.01. The next earnings report is expected on August 6, 2026.

Insider Buying and Selling at Warby Parker Inc.

In June 2026, Co-Chief Executive Officer Neil Blumenthal made notable transactions, purchasing 200,000 shares at an average price of $3.83. On the same day, he sold an equivalent number of shares. Other insiders also made moves: Teresa Briggs sold 5,000 shares at $25.94 on June 16 under a planned transaction, while Youngme Moon sold 10,000 shares at $26.53 on June 12. Bradley Singer and Andrew Hunt both purchased shares on June 8 without specified prices.

Analysts Set New Price Targets

On June 29, 2026, B of A Securities initiated coverage on Warby Parker with a buy rating and a $33 price target. UBS maintained a hold rating with a $27 target on May 8, while BTIG reiterated a buy rating with a $34 target on May 7. The analyst consensus suggests a mean price target of $29.92, with 12 analysts providing opinions.

About Warby Parker

Warby Parker Inc. is a company that sells eyewear products through its retail stores and e-commerce platform across the United States and Canada. Founded in 2009 and headquartered in New York City, the company offers a wide range of eyeglasses, sunglasses, and contact lenses, along with optical accessories. Warby Parker also provides eye exams and vision tests. The company is led by CEO Neil Blumenthal and employs approximately 2,275 people.

Bottom Line

Warby Parker continues to attract attention from analysts and investors, with B of A Securities reaffirming its buy rating and setting a $33 price target. The company's stock has shown resilience, trading near its 52-week high, and its financials reflect steady growth. As always, it's important to remember that 13F filings and analyst ratings are backward-looking and may not represent current positions or forecasts.