Bank of New York Mellon Corp Acquires Shares of 487,638 National Vision Holdings, Inc. $EYE

Key Points

• Bank of New York Mellon acquired 487,638 shares of National Vision Holdings in the second quarter, valued at approximately $9.27 million and representing about 0.61% of the company.
• Analysts maintain a “Moderate Buy” consensus on EYE, with seven Buy ratings and four Holds, despite several target-price reductions. The average price target is $30.36.
• National Vision reported quarterly EPS of $0.25, beating estimates of $0.18, while revenue rose 2.6% year over year to $498.81 million. Shares opened at $16.82, near their 12-month low of $14.75.

Bank of New York Mellon Corp acquired a new stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 487,638 shares of the company's stock, valued at approximately $9,270,000. Bank of New York Mellon Corp owned about 0.61% of National Vision as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in EYE. Kestra Advisory Services LLC acquired a new position in shares of National Vision during the 4th quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in National Vision by 96.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,789 shares of the company's stock valued at $34,000 after buying an additional 877 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in National Vision by 176.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company's stock valued at $42,000 after buying an additional 1,031 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in National Vision in the 4th quarter valued at about $47,000. Finally, Quarry LP raised its holdings in National Vision by 317.4% in the 3rd quarter. Quarry LP now owns 1,653 shares of the company's stock valued at $48,000 after acquiring an additional 1,257 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EYE shares. Morgan Stanley lowered their target price on National Vision from $22.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 13th. Wells Fargo & Company reduced their price target on National Vision from $30.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, May 14th. Citigroup decreased their price objective on National Vision from $39.00 to $35.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Barclays lowered their price objective on National Vision from $38.00 to $27.00 and set an "overweight" rating on the stock in a research report on Thursday, May 14th. Finally, Bank of America dropped their target price on National Vision from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.36.

National Vision Price Performance

Shares of NASDAQ:EYE opened at $16.82 on Thursday. The firm has a 50 day moving average of $19.83 and a 200-day moving average of $21.74. National Vision Holdings, Inc. has a 12 month low of $14.75 and a 12 month high of $30.02. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.33 billion, a PE ratio of 27.57, a PEG ratio of 1.32 and a beta of 0.98.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The company had revenue of $498.81 million during the quarter. During the same period last year, the firm posted $0.18 EPS. National Vision's quarterly revenue was up 2.6% on a year-over-year basis. On average, equities research analysts predict that National Vision Holdings, Inc. will post 0.65 EPS for the current fiscal year.

National Vision Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America's Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.

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