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Investors considering a purchase of Warby Parker Inc (Symbol: WRBY) stock, but tentative about paying the going market price of $16.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December put at the $10 strike, which has a bid at the time of this writing of 55 cents. Collecting that bid as the premium represents a 5.5% return against the $10 commitment, or a 8.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost).
Selling a put does not give an investor access to WRBY's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $10 strike if doing so produced a better outcome than selling at the going market price. (Do options carry counterparty risk? This and six other common options myths debunked). So unless Warby Parker Inc sees its shares fall 40.1% and the contract is exercised (resulting in a cost basis of $9.45 per share before broker commissions, subtracting the 55 cents from $10), the only upside to the put seller is from collecting that premium for the 8.8% annualized rate of return.
Below is a chart showing the trailing twelve month trading history for Warby Parker Inc, and highlighting in green where the $10 strike is located relative to that history:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the December put at the $10 strike for the 8.8% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Warby Parker Inc (considering the last 250 trading day closing values as well as today's price of $16.70) to be 56%. For other put options contract ideas at the various different available expirations, visit the WRBY Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 989,148 contracts, with call volume at 1.21M, for a put:call ratio of 0.82 so far for the day, which is unusually high compared to the long-term median put:call ratio of .65. In other words, there are lots more put buyers out there in options trading so far today than would normally be seen, as compared to call buyers. Find out which 15 call and put options traders are talking about today.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Commit To Buy Warby Parker At $10, Earn 8.8% Annualized Using Options

Chewy Fetches Growth

Warby Parker Inc. (WRBY) shares ended the last trading session 6.6% higher at $19. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 29.4% loss over the past four weeks.
Warby Parker’s shares have been gaining on the optimism surrounding rebound in e-commerce, new store openings and industry-leading unit economics. Increased brand awareness and customer acquisition, are contributing to WRBY’s success.
This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $225.88 million, up 12.9% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Warby Parker, the consensus EPS estimate for the quarter has been revised 12% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on WRBY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Warby Parker is a member of the Zacks Consumer Products - Staples industry. One other stock in the same industry, Colgate-Palmolive (CL), finished the last trading session 1.1% higher at $90.44. CL has returned 3.6% over the past month.
For Colgate-Palmolive, the consensus EPS estimate for the upcoming report has changed -0.9% over the past month to $0.88. This represents a change of +2.3% from what the company reported a year ago. Colgate-Palmolive currently has a Zacks Rank of #3 (Hold).
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This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Strength Seen in Warby Parker (WRBY): Can Its 6.6% Jump Turn into More Strength?

Warby Parker (WRBY) Q4 2024 Earnings Call Transcript

Grocery Outlet Holding Corp. (GO) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -11.76%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a surprise of 3.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Grocery Outlet, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $1.1 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.10%. This compares to year-ago revenues of $989.82 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Grocery Outlet shares have added about 1.2% since the beginning of the year versus the S&P 500's gain of 1.7%.
What's Next for Grocery Outlet?
While Grocery Outlet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Grocery Outlet: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.14 on $1.15 billion in revenues for the coming quarter and $0.96 on $4.74 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the top 50% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Warby Parker Inc. (WRBY), has yet to report results for the quarter ended December 2024. The results are expected to be released on February 27.
This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of +400%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Warby Parker Inc.'s revenues are expected to be $186.64 million, up 15.3% from the year-ago quarter.
Should You Invest in Grocery Outlet Holding Corp. (GO)?
Before you invest in Grocery Outlet Holding Corp. (GO), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Grocery Outlet Holding Corp. (GO) : Free Stock Analysis Report
Warby Parker Inc. (WRBY) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Grocery Outlet Holding Corp. (GO) Q4 Earnings Lag Estimates

Steven Clive Miller, the Chief Financial Officer of $WRBY ($WRBY), sold 7,016 shares of the company on 12-11-2024. We received data on the trade from a recent SEC filing. This was a sale of approximately 3.7% of their shares. Following this trade, they now own 182,130 shares of $WRBY stock.
$WRBY Insider Trading Activity
$WRBY insiders have traded $WRBY stock on the open market 17 times in the past 6 months. Of those trades, 2 have been purchases and 15 have been sales.
Here’s a breakdown of recent trading of $WRBY stock by insiders over the last 6 months:
STEVEN CLIVE MILLER (Chief Financial Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 43,904 shares.
DAVID ABRAHAM GILBOA (Co-Chief Executive Officer) has traded it 5 times. They made 0 purchases and 5 sales, selling 471,287 shares.
NEIL HARRIS BLUMENTHAL (Co-Chief Executive Officer) has traded it 5 times. They made 0 purchases and 5 sales, selling 163,306 shares.
BRADLEY E SINGER has traded it 2 times. They made 2 purchases, buying 75,000 shares and 0 sales.
CAPITAL PARTNERS L.P. D1 sold 5,500,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$WRBY Hedge Fund Activity
We have seen 117 institutional investors add shares of $WRBY stock to their portfolio, and 93 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
FMR LLC removed 3,130,704 shares (-31.9%) from their portfolio in Q3 2024
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 2,932,408 shares (-100.0%) from their portfolio in Q3 2024
MARSHALL WACE, LLP added 1,874,016 shares (+131.7%) to their portfolio in Q3 2024
D1 CAPITAL PARTNERS L.P. removed 1,582,659 shares (-16.8%) from their portfolio in Q3 2024
DURABLE CAPITAL PARTNERS LP added 1,325,061 shares (+19.3%) to their portfolio in Q3 2024
AMERICAN CENTURY COMPANIES INC added 1,301,864 shares (+inf%) to their portfolio in Q3 2024
J. GOLDMAN & CO LP added 893,422 shares (+1697.8%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Insider Sale: Chief Financial Officer of $WRBY (WRBY) Sells 7,016 Shares

Crypto Enthusiasm Continues

Below is Validea's guru fundamental report for WARBY PARKER INC (WRBY). Of the 22 guru strategies we follow, WRBY rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit characteristics associated with sustained future growth.
WARBY PARKER INC (WRBY) is a mid-cap value stock in the Medical Equipment & Supplies industry. The rating using this strategy is 66% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO:
PASS
RETURN ON ASSETS:
PASS
CASH FLOW FROM OPERATIONS TO ASSETS:
FAIL
CASH FLOW FROM OPERATIONS TO ASSETS VS. RETURN ON ASSETS:
PASS
RETURN ON ASSETS VARIANCE:
PASS
SALES VARIANCE:
PASS
ADVERTISING TO ASSETS:
FAIL
CAPITAL EXPENDITURES TO ASSETS:
PASS
RESEARCH AND DEVELOPMENT TO ASSETS:
FAIL
Detailed Analysis of WARBY PARKER INC
WRBY Guru Analysis
WRBY Fundamental Analysis
More Information on Partha Mohanram
Partha Mohanram Portfolio
About Partha Mohanram: Sometimes the best investing strategies don't come from the world of investing. Sometimes research that changes the investing world can come from the halls of academia. Partha Mohanram is a great example of this. While academic research has shown that value investing works over time, it has found the opposite for growth investing. Mohanram turned that research on its head by developing a growth model that produced significant market outperformance. His research paper "Separating Winners from Losers among Low Book-to-Market Stocks using Financial Statement Analysis" looked at the criteria that can be used to separate growth stocks that continue their upward trajectory from those that don't. Mohanram is currently the John H. Watson Chair in Value Investing at the University of Toronto and was previously an Associate Professor at the Columbia Business School.
Additional Research Links
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About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

	Change	Change by industry	Min.	Max.	Volume
Yesterday	-0.98%	7.73%	$21.06	$21.75	25.73M
Week	0.93%	3.80%	$20.17	$21.75	186.85M
Month	32.22%	11.05%	$15.55	$22.15	1.11B
3 Months	1.46%	1.48%	$13.63	$22.15	2.28B
6 Months	-10.11%	17.78%	$13.63	$28.68	3.87B
Year	28.49%	7.77%	$12.46	$28.68	5.94B
3 years	26.29%	107.67%	$9.50	$28.68	11.67B
5 years	—	86.64%	—	—	—
All time	-65.71%	81.35%	$9.50	$60.30	20.37B

	WRBY	By industry
Yesterday	15.24%	1.33%
Week	4.60%	5.91%
Month	8.28%	9.53%
3 Months	25.83%	20.31%
6 Months	34.94%	29.28%
Year	59.78%	45.51%
3 years	109.48%	81.51%
5 years	146.70%	111.79%
All time	—	—

Warby Parker Inc.

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