Channing Capital Management LLC Purchases Shares of 474,244 National Vision Holdings, Inc. $EYE

Key Points

• Channing Capital Management LLC has acquired a new stake in National Vision Holdings, purchasing 474,244 shares valued at approximately $6.06 million, representing about 0.60% of the company.
• National Vision reported a Q2 EPS of $0.18, exceeding the consensus estimate by $0.06, and demonstrated a 7.7% year-over-year revenue growth.
• Analysts have recently raised their price targets for National Vision, with estimates ranging from $20.00 to $36.00, indicating a consensus rating of "Moderate Buy."

Channing Capital Management LLC bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 474,244 shares of the company's stock, valued at approximately $6,061,000. Channing Capital Management LLC owned approximately 0.60% of National Vision as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of National Vision by 4.9% in the first quarter. Northern Trust Corp now owns 904,908 shares of the company's stock worth $11,565,000 after purchasing an additional 42,427 shares during the period. Burgundy Asset Management Ltd. increased its position in shares of National Vision by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 4,996,104 shares of the company's stock worth $63,850,000 after purchasing an additional 320,565 shares during the period. American Century Companies Inc. increased its position in shares of National Vision by 13.7% in the first quarter. American Century Companies Inc. now owns 164,094 shares of the company's stock worth $2,097,000 after purchasing an additional 19,759 shares during the period. Fox Run Management L.L.C. bought a new position in shares of National Vision in the first quarter worth $283,000. Finally, Public Sector Pension Investment Board increased its position in shares of National Vision by 26.8% in the first quarter. Public Sector Pension Investment Board now owns 249,715 shares of the company's stock worth $3,191,000 after purchasing an additional 52,820 shares during the period.

National Vision Trading Up 1.7%

Shares of National Vision stock traded up $0.41 during midday trading on Tuesday, reaching $24.34. The company had a trading volume of 431,124 shares, compared to its average volume of 2,086,001. The stock has a fifty day moving average price of $24.03 and a 200 day moving average price of $17.82. 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 firm has a market cap of $1.93 billion, a PE ratio of -135.19, a P/E/G ratio of 2.93 and a beta of 1.27. 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 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.06. The company had revenue of $486.42 million for the quarter, compared to analyst estimates of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, equities analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

EYE has been the topic of a number of recent analyst reports. Wells Fargo & Company set a $27.00 target price on National Vision and gave the company an "equal weight" rating in a research report on Thursday, August 7th. Roth Capital initiated coverage on National Vision in a research report on Wednesday, July 30th. They issued a "buy" rating and a $36.00 target price on the stock. Wall Street Zen upgraded National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Barclays decreased their target price on 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, National Bankshares set a $30.00 target price on National Vision in a research report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, National Vision has an average rating of "Moderate Buy" and a consensus target price of $24.73.

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.