Boston Partners Has $15.09 Million Stock Holdings in 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 lowered its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,181,330 shares of the company's stock after selling 26,634 shares during the period. Boston Partners owned approximately 1.49% of National Vision worth $15,093,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Public Sector Pension Investment Board boosted its holdings in National Vision by 26.8% during the first quarter. Public Sector Pension Investment Board now owns 249,715 shares of the company's stock worth $3,191,000 after buying an additional 52,820 shares during the last quarter. Nuveen LLC bought a new position in National Vision during the first quarter worth about $3,964,000. Headlands Technologies LLC boosted its holdings in National Vision by 73.5% during the first quarter. Headlands Technologies LLC now owns 38,806 shares of the company's stock worth $496,000 after buying an additional 16,444 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in National Vision by 12.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,776,285 shares of the company's stock worth $22,701,000 after buying an additional 193,154 shares during the last quarter. Finally, Highland Peak Capital LLC bought a new position in National Vision during the first quarter worth about $4,863,000.

Analyst Ratings Changes

A number of brokerages have issued reports on EYE. Barclays reduced their target price on National Vision from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Bank of America raised their target price on National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. UBS Group reaffirmed a "buy" rating and set a $30.00 price target on shares of National Vision in a research report on Tuesday, July 8th. Wall Street Zen raised National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, National Bankshares set a $30.00 price target on National Vision in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $24.73.

National Vision Stock Down 2.2%

Shares of NASDAQ EYE traded down $0.5440 during mid-day trading on Thursday, reaching $23.6560. 500,878 shares of the company's stock were exchanged, compared to its average volume of 2,085,381. The business has a fifty day simple moving average of $23.88 and a 200 day simple moving average of $17.47. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $25.67. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -131.11, a PEG ratio of 2.79 and a beta of 1.27. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

National Vision (NASDAQ:EYE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The business had revenue of $486.42 million for the quarter, compared to analyst estimates of $469.21 million. During the same quarter last year, the firm earned $0.15 EPS. National Vision's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts expect that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

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.