Channing Capital Management LLC Makes New Investment in 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 acquired a new position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 474,244 shares of the company's stock, valued at approximately $6,061,000. Channing Capital Management LLC owned 0.60% of National Vision at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its holdings in National Vision by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 23,480 shares of the company's stock worth $245,000 after buying an additional 7,221 shares during the period. Janney Montgomery Scott LLC purchased a new stake in National Vision in the first quarter worth about $467,000. GAMMA Investing LLC lifted its holdings in National Vision by 49.2% in 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 period. SG Americas Securities LLC lifted its holdings in National Vision by 282.5% in 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 period. Finally, Point72 Asset Management L.P. purchased a new stake in National Vision in the fourth quarter worth about $860,000.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EYE. UBS Group reiterated a "buy" rating and set a $30.00 target price on shares of National Vision in a report on Tuesday, July 8th. Bank of America lifted their target price on shares of National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. The Goldman Sachs Group lifted their target price on shares of National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Loop Capital lifted their target price on shares of National Vision from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Finally, National Bankshares set a $30.00 target price on shares of National Vision in a report on Tuesday, July 8th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, National Vision has an average rating of "Moderate Buy" and an average price target of $24.73.

National Vision Stock Up 3.3%

NASDAQ EYE traded up $0.79 during mid-day trading on Friday, reaching $24.83. The stock had a trading volume of 2,657,773 shares, compared to its average volume of 2,226,130. National Vision Holdings, Inc. has a 1 year low of $9.56 and a 1 year high of $25.67. The stock has a market cap of $1.97 billion, a PE ratio of -137.94, a price-to-earnings-growth ratio of 2.93 and a beta of 1.27. The company has a fifty day moving average price of $24.00 and a 200 day moving average price of $17.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31.

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