850,815 Shares in National Vision Holdings, Inc. $EYE Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 850,815 shares of National Vision Holdings during the second quarter, valued at approximately $16.2 million and representing about 1.08% of the company.
• Other institutional investors, including Avalon Trust, Deutsche Bank and NFJ Investment Group, also initiated or expanded positions in National Vision.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $29.82, while the stock recently traded at $16.41. National Vision also beat quarterly earnings expectations, reporting $0.25 in EPS versus the $0.18 consensus.

Bank of America Corp DE bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 850,815 shares of the company's stock, valued at approximately $16,174,000. Bank of America Corp DE owned about 1.08% of National Vision as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of EYE. Avalon Trust Co bought a new position in National Vision in the second quarter valued at about $14,481,000. Deutsche Bank AG bought a new stake in shares of National Vision during the second quarter worth about $4,584,000. Sei Investments Co. grew its holdings in shares of National Vision by 119.2% during the first quarter. Sei Investments Co. now owns 213,722 shares of the company's stock worth $5,535,000 after purchasing an additional 116,233 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of National Vision by 33.9% during the fourth quarter. Intech Investment Management LLC now owns 152,401 shares of the company's stock worth $3,935,000 after purchasing an additional 38,585 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new position in shares of National Vision in the second quarter valued at approximately $2,069,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EYE. Guggenheim set a $27.00 target price on shares of National Vision in a report on Friday, September 11th. Weiss Ratings downgraded shares of National Vision from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. UBS Group cut their price target on shares of National Vision from $36.00 to $34.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Roth Capital reissued a "buy" rating and issued a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Finally, Morgan Stanley decreased their price objective on National Vision from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $29.82.

National Vision Stock Performance

Shares of EYE stock opened at $16.41 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 26.90, a PEG ratio of 1.31 and a beta of 0.98. The business's 50 day simple moving average is $18.95 and its 200 day simple moving average is $20.55. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. National Vision Holdings, Inc. has a one year low of $14.75 and a one year high of $30.02.

National Vision (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.07. The business had revenue of $498.81 million for the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The business's revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $0.18 EPS. As a group, research analysts forecast that National Vision Holdings, Inc. will post 0.65 earnings per share for the current year.

National Vision Company Profile

National Vision Holdings, Inc NASDAQ: EYE is a U.S.-based optical retailer that provides eye examinations, prescription eyewear, contact lenses and related accessories. The company serves value-conscious consumers through company-operated stores and digital channels.

National Vision operates primarily under the America's Best Contacts & Eyeglasses and Eyeglass World brands. America's Best emphasizes affordable eye exams and bundled eyewear offerings, while Eyeglass World provides prescription glasses, contact lenses and related optical services.

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