National Vision (NASDAQ:EYE) Issues Earnings Results

National Vision (NASDAQ:EYE) posted its quarterly earnings results on Wednesday. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01, Briefing.com reports. The business had revenue of $487.33 million during the quarter, compared to analyst estimates of $472.98 million. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. National Vision updated its FY 2025 guidance to 0.620-0.700 EPS.

National Vision Stock Up 2.8%

Shares of EYE stock traded up $0.65 during trading hours on Friday, reaching $24.13. 2,018,850 shares of the company’s stock were exchanged, compared to its average volume of 1,916,908. The stock has a market cap of $1.91 billion, a PE ratio of -804.07, a PEG ratio of 2.51 and a beta of 1.33. The company has a current ratio of 0.53, a quick ratio of 0.31 and a debt-to-equity ratio of 0.28. The stock’s fifty day moving average price is $25.84 and its two-hundred day moving average price is $22.88. National Vision has a 1 year low of $9.93 and a 1 year high of $29.59.

Insider Transactions at National Vision

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total value of $3,342,942.00. Following the completion of the transaction, the chairman owned 544,795 shares of the company’s stock, valued at approximately $13,254,862.35. This trade represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On National Vision

Several hedge funds have recently added to or reduced their stakes in EYE. Osaic Holdings Inc. lifted its holdings in shares of National Vision by 121,576.7% in the 2nd quarter. Osaic Holdings Inc. now owns 36,503 shares of the company’s stock valued at $840,000 after buying an additional 36,473 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in shares of National Vision during the 2nd quarter worth approximately $676,000. Public Sector Pension Investment Board increased its holdings in shares of National Vision by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 269,548 shares of the company’s stock valued at $6,202,000 after purchasing an additional 19,833 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of National Vision by 2.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 89,776 shares of the company’s stock valued at $2,063,000 after purchasing an additional 2,243 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in National Vision by 168.4% during the second quarter. Tower Research Capital LLC TRC now owns 18,338 shares of the company’s stock worth $422,000 after buying an additional 11,506 shares in the last quarter.

Wall Street Analyst Weigh In

EYE has been the subject of a number of analyst reports. UBS Group upped their target price on National Vision from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group upped their price objective on National Vision from $17.00 to $22.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded National Vision from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Roth Capital initiated coverage on shares of National Vision in a research report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price target for the company. Finally, Barclays lowered their price target on shares of National Vision from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, National Vision has an average rating of “Hold” and an average target price of $24.91.

About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America’s Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.