Allspring Global Investments Holdings LLC Acquires 72,318 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

Allspring Global Investments Holdings LLC boosted its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,316 shares of the company’s stock after acquiring an additional 72,318 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.68% of National Vision worth $11,162,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new stake in shares of National Vision in the 3rd quarter valued at $1,103,000. GSA Capital Partners LLP boosted its stake in shares of National Vision by 64.0% in the 3rd quarter. GSA Capital Partners LLP now owns 136,763 shares of the company’s stock valued at $2,213,000 after purchasing an additional 53,394 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of National Vision by 20.5% in the 3rd quarter. Trexquant Investment LP now owns 184,765 shares of the company’s stock valued at $2,989,000 after purchasing an additional 31,473 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of National Vision by 40.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 133,176 shares of the company’s stock valued at $2,155,000 after purchasing an additional 38,292 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its stake in National Vision by 13.9% during the third quarter. William Blair Investment Management LLC now owns 10,066,548 shares of the company’s stock worth $162,877,000 after acquiring an additional 1,228,933 shares in the last quarter.

National Vision Stock Down 1.8 %

Shares of NASDAQ EYE opened at $18.88 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $21.46 and its 200 day simple moving average is $19.48. National Vision Holdings, Inc. has a 12-month low of $13.71 and a 12-month high of $27.02. The firm has a market cap of $1.48 billion, a PE ratio of -22.21, a P/E/G ratio of 4.39 and a beta of 1.39.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.07. National Vision had a negative net margin of 3.10% and a positive return on equity of 3.69%. The firm had revenue of $506.40 million for the quarter, compared to the consensus estimate of $499.49 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their target price on shares of National Vision from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.86.

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.