National Vision Holdings, Inc. $EYE Shares Sold by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. reduced its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 49.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,505,978 shares of the company’s stock after selling 2,490,126 shares during the quarter. Burgundy Asset Management Ltd. owned 3.16% of National Vision worth $57,663,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of National Vision during the 2nd quarter valued at $35,000. Smartleaf Asset Management LLC lifted its stake in shares of National Vision by 69.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after purchasing an additional 1,230 shares in the last quarter. IFP Advisors Inc purchased a new stake in shares of National Vision in the second quarter worth about $83,000. USA Financial Formulas purchased a new stake in shares of National Vision in the second quarter worth about $128,000. Finally, Teza Capital Management LLC acquired a new stake in shares of National Vision in the first quarter valued at about $142,000.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research report on Wednesday, October 8th. Citigroup boosted their price objective on shares of National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. 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 decreased their price target on shares of National Vision from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Finally, Barclays boosted their target price on shares of National Vision from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 18th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.00.

National Vision Stock Up 4.0%

EYE stock opened at $29.28 on Friday. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of -975.67, a PEG ratio of 2.63 and a beta of 1.37. National Vision Holdings, Inc. has a 1-year low of $9.93 and a 1-year high of $29.59. The firm has a fifty day moving average price of $26.59 and a two-hundred day moving average price of $24.52. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 EPS 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 during the quarter, compared to analyst estimates of $472.98 million. During the same period in the previous year, the business posted $0.12 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. Research analysts predict that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

National Vision Company 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.