Burgundy Asset Management Ltd. Has $63.85 Million Position 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. raised its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,996,104 shares of the company's stock after purchasing an additional 320,565 shares during the period. Burgundy Asset Management Ltd. owned 6.32% of National Vision worth $63,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in National Vision by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock valued at $245,000 after purchasing an additional 7,221 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of National Vision during the first quarter worth approximately $467,000. GAMMA Investing LLC lifted its holdings in shares of National Vision by 49.2% during the first quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock worth $94,000 after buying an additional 2,412 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of National Vision by 282.5% during the first quarter. SG Americas Securities LLC now owns 75,843 shares of the company's stock worth $969,000 after buying an additional 56,017 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of National Vision during the fourth quarter worth approximately $860,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on EYE shares. Roth Capital started coverage on National Vision in a report on Wednesday, July 30th. They set a "buy" rating and a $36.00 price target for the company. National Bankshares set a $30.00 price target on National Vision in a report on Tuesday, July 8th. Citigroup upgraded National Vision from a "neutral" rating to a "buy" rating and upped their price target for the stock from $13.00 to $21.00 in a report on Friday, May 9th. The Goldman Sachs Group upped their price target on National Vision from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Barclays decreased their price objective on National Vision from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $24.73.

National Vision Price Performance

Shares of EYE traded down $0.16 during mid-day trading on Thursday, reaching $24.04. The company had a trading volume of 2,316,574 shares, compared to its average volume of 2,097,366. National Vision Holdings, Inc. has a twelve month low of $9.56 and a twelve month high of $25.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31. The company's 50-day moving average is $23.88 and its 200-day moving average is $17.47. The company has a market capitalization of $1.90 billion, a P/E ratio of -133.56, a P/E/G ratio of 2.79 and a beta of 1.27.

National Vision (NASDAQ:EYE - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $469.21 million. During the same period in the prior year, the firm posted $0.15 EPS. National Vision's quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

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.