Skylands Capital LLC purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE – Free Report) during the 3rd quarter, Holdings Channel reports. The firm purchased 41,545 shares of the company’s stock, valued at approximately $681,000.
A number of other hedge funds have also modified their holdings of the business. GAMMA Investing LLC raised its position in shares of National Vision by 32.9% during the 3rd quarter. GAMMA Investing LLC now owns 7,813 shares of the company’s stock worth $128,000 after purchasing an additional 1,935 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in National Vision by 147.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company’s stock valued at $30,000 after buying an additional 1,097 shares in the last quarter. WINTON GROUP Ltd grew its holdings in National Vision by 131.5% during the 2nd quarter. WINTON GROUP Ltd now owns 108,753 shares of the company’s stock valued at $2,067,000 after buying an additional 61,770 shares during the last quarter. Engineers Gate Manager LP grew its holdings in National Vision by 224.9% during the 2nd quarter. Engineers Gate Manager LP now owns 74,232 shares of the company’s stock valued at $1,411,000 after buying an additional 51,382 shares during the last quarter. Finally, Maven Securities LTD grew its holdings in National Vision by 236.5% during the 2nd quarter. Maven Securities LTD now owns 101,348 shares of the company’s stock valued at $1,927,000 after buying an additional 71,233 shares during the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Roth Capital reissued a “buy” rating and set a $27.00 price target on shares of National Vision in a research report on Thursday, August 13th. Citigroup cut their price target on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Guggenheim set a $27.00 price objective on National Vision in a research report on Friday, September 11th. UBS Group reduced their price objective on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.82.
View Our Latest Stock Analysis on EYE
National Vision Price Performance
National Vision stock opened at $17.72 on Thursday. National Vision Holdings, Inc. has a 12-month low of $14.75 and a 12-month high of $30.02. The stock has a market capitalization of $1.40 billion, a P/E ratio of 24.93, a P/E/G ratio of 1.42 and a beta of 0.98. The firm’s 50-day moving average is $17.23 and its two-hundred day moving average is $19.26. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27.
National Vision (NASDAQ:EYE – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The business 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 business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. Equities analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current year.
About National Vision
National Vision Holdings, Inc is an optical retail company that provides prescription eyewear, contact lenses, eye examinations and related vision-care services. The company operates primarily in the United States through a network of retail optical locations and digital channels.
Its principal brands include America’s Best Contacts & Eyeglasses, which offers eye exams, prescription glasses and contact lenses at value-oriented prices, and Eyeglass World, which provides similar products and services.
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