Castleark Management LLC Makes New Investment in National Vision Holdings, Inc. $EYE

Castleark Management LLC bought a new position in National Vision Holdings, Inc. (NASDAQ:EYE) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 255,470 shares of the company’s stock, valued at approximately $5,878,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new stake in National Vision during the 2nd quarter valued at $35,000. Smartleaf Asset Management LLC raised its position in National Vision by 69.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock valued at $39,000 after buying an additional 1,230 shares during the period. IFP Advisors Inc acquired a new position in National Vision during the second quarter valued at $83,000. Canada Pension Plan Investment Board lifted its stake in National Vision by 333.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company’s stock worth $90,000 after acquiring an additional 3,000 shares in the last quarter. Finally, USA Financial Formulas acquired a new stake in National Vision during the 2nd quarter worth about $128,000.

National Vision Price Performance

Shares of National Vision stock opened at $28.83 on Friday. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -960.68, a P/E/G ratio of 2.59 and a beta of 1.37. The firm’s 50-day moving average price is $26.57 and its two-hundred day moving average price is $24.87. The company has a current ratio of 0.53, a quick ratio of 0.32 and a debt-to-equity ratio of 0.28. National Vision Holdings, Inc. has a 1-year low of $9.93 and a 1-year high of $29.87.

National Vision (NASDAQ:EYE) last announced its earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The business had revenue of $487.33 million for the quarter, compared to the consensus estimate of $472.98 million. During the same period in the previous year, the business earned $0.12 EPS. National Vision’s revenue 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 analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on EYE shares. National Bankshares set a $32.00 target price on National Vision in a report on Tuesday. Barclays upped their price objective on shares of National Vision from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. UBS Group cut their target price 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. Weiss Ratings restated a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. Finally, Citigroup upped their price target on shares of National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.58.

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.