Fund 1 Investments LLC acquired a new stake in National Vision Holdings, Inc. (NASDAQ:EYE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 255,796 shares of the company’s stock, valued at approximately $4,863,000. National Vision comprises about 0.8% of Fund 1 Investments LLC’s holdings, making the stock its 24th biggest holding.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in National Vision during the second quarter worth $230,295,000. Wellington Management Group LLP lifted its stake in National Vision by 27.6% in the fourth quarter. Wellington Management Group LLP now owns 5,783,699 shares of the company’s stock valued at $149,335,000 after acquiring an additional 1,251,499 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of National Vision in the 2nd quarter valued at about $90,248,000. Arrowstreet Capital Limited Partnership grew its position in shares of National Vision by 15.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,295,290 shares of the company’s stock valued at $96,190,000 after acquiring an additional 437,655 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of National Vision by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,062,191 shares of the company’s stock worth $79,304,000 after purchasing an additional 32,595 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Roth Capital reaffirmed a “buy” rating and issued a $27.00 target price on shares of National Vision in a report on Thursday, August 13th. Wells Fargo & Company reduced their price target on National Vision from $30.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Citigroup lowered their price target on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Bank of America dropped their price objective on National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Finally, Morgan Stanley cut their price objective on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $30.36.
National Vision Stock Performance
NASDAQ EYE opened at $18.67 on Thursday. The firm has a 50-day moving average price of $19.81 and a two-hundred day moving average price of $22.14. National Vision Holdings, Inc. has a 12-month low of $14.75 and a 12-month high of $30.02. The company has a market capitalization of $1.48 billion, a P/E ratio of 30.61, a P/E/G ratio of 1.48 and a beta of 1.02. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25.
National Vision (NASDAQ:EYE – Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. The company had revenue of $498.81 million during the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Analysts anticipate that National Vision Holdings, Inc. will post 0.65 earnings per share for the current year.
National Vision Profile
National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.
Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.
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