Boston Partners Sells 26,634 Shares of National Vision Holdings, Inc. $EYE

Key Points

• Boston Partners reduced its stake in National Vision Holdings, Inc. by 2.2%, now owning approximately 1.49% of the company valued at $15,093,000 after the sale of 26,634 shares.
• Despite the reduction by some investors, others like Burgundy Asset Management and Federated Hermes increased their stakes significantly, indicating mixed investor sentiment around National Vision.
• National Vision's stock opened at $22.73, reflecting a 1.0% decline, while it recently posted $0.18 earnings per share, beating estimates and showing a quarterly revenue increase of 7.7% year-over-year.

Boston Partners trimmed its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 2.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,181,330 shares of the company's stock after selling 26,634 shares during the period. Boston Partners owned 1.49% of National Vision worth $15,093,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in shares of National Vision in the 1st quarter valued at $35,000. Tower Research Capital LLC TRC increased its stake in shares of National Vision by 87.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock valued at $73,000 after buying an additional 3,291 shares during the period. GAMMA Investing LLC increased its stake in shares of National Vision by 49.2% in the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock valued at $94,000 after buying an additional 2,412 shares during the period. CWM LLC increased its stake in shares of National Vision by 61.2% in the 1st quarter. CWM LLC now owns 11,494 shares of the company's stock valued at $147,000 after buying an additional 4,362 shares during the period. Finally, Teacher Retirement System of Texas acquired a new stake in shares of National Vision in the 1st quarter valued at $147,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. National Bankshares set a $30.00 target price on National Vision in a research note on Tuesday, July 8th. Bank of America lifted their target price on National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Loop Capital lifted their target price on National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $13.00 to $21.00 in a research note on Friday, May 9th. Finally, Barclays decreased their price objective on National Vision from $30.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Six investment 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 a consensus rating of "Moderate Buy" and an average target price of $24.73.

National Vision Stock Up 1.4%

Shares of EYE stock traded up $0.33 on Wednesday, hitting $23.94. 1,587,476 shares of the stock were exchanged, compared to its average volume of 2,089,347. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $1.90 billion, a P/E ratio of -132.56, a price-to-earnings-growth ratio of 2.82 and a beta of 1.27. The business has a 50-day moving average of $23.82 and a 200 day moving average of $17.43. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $25.67.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.06. The company had revenue of $486.42 million during the quarter, compared to analysts' expectations of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.National Vision's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. Equities 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.