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Warby Parker Inc. (NYSE:WRBY), currently valued at $2.8 billion, recently disclosed a series of stock transactions involving its Chief Financial Officer, Steven Clive Miller. According to the SEC filing, Miller sold 11,684 shares of Warby Parker’s Class A Common Stock on March 4, 2025, at an average price of $23.52 per share, totaling approximately $274,807. The stock has shown remarkable strength, delivering a 92% return over the past year, according to InvestingPro data.
Additionally, the filing detailed other transactions by Miller. On March 3, 2025, he acquired 15,128 shares of Class A Common Stock at no cost, as part of a grant of fully-vested restricted stock units (RSUs) related to his 2024 bonus award. The same day, 6,321 shares were withheld to cover tax obligations, valued at $24.16 per share. InvestingPro analysis indicates the stock is currently trading near its Fair Value, with analyst targets ranging from $23 to $32.
Furthermore, on March 4, Miller exercised options to acquire additional shares, but these transactions were executed at no cost. These transactions are part of routine equity compensation plans and reflect ongoing management of stock-based awards. With significant stock price volatility and 12 additional key insights available on InvestingPro, investors can access comprehensive analysis to better understand WRBY’s market position and future prospects.
In other recent news, Warby Parker Inc. reported a 17.8% year-over-year increase in fourth-quarter 2024 revenue, reaching $190.6 million, exceeding analyst expectations. Despite this revenue growth, the company missed its earnings per share (EPS) forecast, reporting -$0.06 against the expected $0.03. Analysts from Stifel, UBS, and JMP Securities have responded to these developments by adjusting their price targets for Warby Parker. Stifel raised its price target to $25 while maintaining a Hold rating, citing Warby Parker’s revenue performance and future outlook. UBS increased its price target to $23, maintaining a Neutral stance, and highlighted the company’s eCommerce growth and customer base expansion. JMP Securities set a new price target of $30, maintaining a Market Outperform rating, and expressed satisfaction with the company’s strategic initiatives and partnership with Target (NYSE:TGT). Warby Parker’s guidance for fiscal year 2025 anticipates revenues between $878 million and $893 million, with an adjusted EBITDA of $97 million at the midpoint, slightly above previous consensus. The company’s strategic expansion includes plans to open 45 new stores in 2025, including five shop-in-shops with Target, as part of its efforts to enhance retail presence and customer accessibility.
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