Burgundy Asset Management Ltd. Boosts Stock Holdings in National Vision Holdings, Inc. $EYE

Key Points

• Burgundy Asset Management Ltd. has increased its stake in National Vision Holdings, Inc. by 6.9%, now owning approximately 6.32% of the company with a total value of $63.85 million.
• National Vision recently reported earnings of $0.18 EPS, exceeding analyst estimates and showing a 7.7% revenue increase year-over-year.
• Analysts have mixed outlooks on National Vision, with a consensus rating of "Moderate Buy" and a target price averaging $24.73.

Burgundy Asset Management Ltd. boosted its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,996,104 shares of the company's stock after purchasing an additional 320,565 shares during the quarter. Burgundy Asset Management Ltd. owned 6.32% of National Vision worth $63,850,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC raised its position in National Vision by 44.4% in the 4th quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock valued at $245,000 after buying an additional 7,221 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in National Vision during the first quarter worth $467,000. GAMMA Investing LLC raised its position in shares of National Vision by 49.2% in the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock valued at $94,000 after purchasing an additional 2,412 shares during the period. SG Americas Securities LLC raised its position in shares of National Vision by 282.5% in the first quarter. SG Americas Securities LLC now owns 75,843 shares of the company's stock valued at $969,000 after purchasing an additional 56,017 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of National Vision in the fourth quarter valued at about $860,000.

National Vision Price Performance

Shares of EYE traded up $0.4550 during mid-day trading on Friday, reaching $24.4950. The company had a trading volume of 875,229 shares, compared to its average volume of 2,089,823. The company's 50 day simple moving average is $23.93 and its 200 day simple moving average is $17.56. National Vision Holdings, Inc. has a 1-year low of $9.56 and a 1-year high of $25.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -136.11, a P/E/G ratio of 2.86 and a beta of 1.27.

National Vision (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $486.42 million during the quarter, compared to analyst estimates of $469.21 million. National Vision had a negative net margin of 0.75% and a positive return on equity of 3.56%. The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. Analysts expect that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of National Vision from $17.00 to $22.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. National Bankshares set a $30.00 price target on shares of National Vision in a research report on Tuesday, July 8th. Wells Fargo & Company set a $27.00 price target on shares of National Vision and gave the stock an "equal weight" rating in a research report on Thursday, August 7th. Barclays lowered their price target on shares of National Vision from $30.00 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, August 7th. Finally, Wall Street Zen raised shares of National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $24.73.

National Vision 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.