National Vision Holdings, Inc. $EYE Shares Sold by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP lessened its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 54.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 553,957 shares of the company’s stock after selling 671,044 shares during the quarter. National Vision makes up about 0.8% of Divisadero Street Capital Management LP’s investment portfolio, making the stock its 28th biggest position. Divisadero Street Capital Management LP owned 0.70% of National Vision worth $12,747,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cerity Partners LLC lifted its position in National Vision by 13.8% during the second quarter. Cerity Partners LLC now owns 16,887 shares of the company’s stock worth $389,000 after buying an additional 2,049 shares during the period. Walleye Capital LLC grew its holdings in National Vision by 29.4% in the 2nd quarter. Walleye Capital LLC now owns 27,127 shares of the company’s stock valued at $624,000 after buying an additional 6,170 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of National Vision by 11.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,857,635 shares of the company’s stock valued at $65,754,000 after acquiring an additional 301,584 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of National Vision by 1,140.8% during the 2nd quarter. New York State Common Retirement Fund now owns 303,192 shares of the company’s stock worth $6,976,000 after acquiring an additional 278,756 shares during the period. Finally, Atika Capital Management LLC purchased a new position in shares of National Vision during the 2nd quarter worth about $9,531,000.

Wall Street Analyst Weigh In

EYE has been the subject of several research analyst reports. Barclays upped their price target 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. Citigroup boosted their price objective on shares of National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. Wall Street Zen cut National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, UBS Group lowered their price target on National Vision from $41.00 to $39.00 and set a “buy” rating for the company 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $27.00.

National Vision Stock Performance

Shares of EYE stock opened at $29.28 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.32 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.32 billion, a PE ratio of -975.67, a P/E/G ratio of 2.63 and a beta of 1.37. The company’s fifty day simple moving average is $26.59 and its 200-day simple moving average is $24.56. 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 announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $487.33 million during the quarter, compared to analysts’ expectations of $472.98 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s 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. As a group, equities research analysts anticipate 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.