Arrowstreet Capital Limited Partnership Grows Stock Position in National Vision Holdings, Inc. $EYE

Arrowstreet Capital Limited Partnership raised its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 11.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,857,635 shares of the company’s stock after acquiring an additional 301,584 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in National Vision were worth $65,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of National Vision by 1.5% in the first quarter. Vanguard Group Inc. now owns 10,568,579 shares of the company’s stock valued at $135,066,000 after purchasing an additional 156,741 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of National Vision by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 4,996,104 shares of the company’s stock valued at $63,850,000 after acquiring an additional 320,565 shares during the period. Engine Capital Management LP grew its stake in National Vision by 53.3% during the first quarter. Engine Capital Management LP now owns 3,875,701 shares of the company’s stock valued at $49,531,000 after acquiring an additional 1,347,648 shares in the last quarter. William Blair Investment Management LLC bought a new stake in National Vision during the 2nd quarter worth approximately $81,908,000. Finally, American Century Companies Inc. lifted its stake in National Vision by 2,030.3% in the 2nd quarter. American Century Companies Inc. now owns 3,495,751 shares of the company’s stock worth $80,437,000 after purchasing an additional 3,331,657 shares in the last quarter.

Analysts Set New Price Targets

EYE has been the topic of a number of research analyst reports. Barclays upped their target price on National Vision from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. Wall Street Zen cut shares of National Vision from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. UBS Group lowered their price target on National Vision from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Finally, Wells Fargo & Company set a $27.00 price objective on National Vision and gave the stock an “equal weight” rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $27.00.

National Vision Price Performance

EYE opened at $28.15 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.53. The stock has a market capitalization of $2.23 billion, a PE ratio of -938.02, a price-to-earnings-growth ratio of 2.57 and a beta of 1.37. The stock’s 50 day moving average price is $26.57 and its 200-day moving average price is $24.41. National Vision Holdings, Inc. has a 52-week low of $9.93 and a 52-week high of $29.59.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. The business had revenue of $487.33 million for the quarter, compared to analysts’ expectations of $472.98 million. During the same quarter in the previous year, the business posted $0.12 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. On average, equities research analysts predict that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

National Vision Profile

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.