Deutsche Bank AG Purchases Shares of 241,128 National Vision Holdings, Inc. $EYE

Key Points

• Deutsche Bank acquired 241,128 shares of National Vision Holdings in the second quarter, valued at approximately $4.6 million and representing about 0.30% of the company.
• National Vision reported quarterly EPS of $0.25, exceeding estimates of $0.18, while revenue rose 2.6% year over year to $498.8 million.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $30.36, despite several recent target reductions; EYE recently traded at $18.69.

Deutsche Bank AG acquired a new stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 241,128 shares of the company's stock, valued at approximately $4,584,000. Deutsche Bank AG owned approximately 0.30% of National Vision as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in National Vision by 27.6% in the fourth quarter. Wellington Management Group LLP now owns 5,783,699 shares of the company's stock valued at $149,335,000 after acquiring an additional 1,251,499 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in National Vision by 15.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,295,290 shares of the company's stock worth $96,190,000 after purchasing an additional 437,655 shares during the period. Dimensional Fund Advisors LP boosted its holdings in National Vision by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,062,191 shares of the company's stock valued at $79,304,000 after purchasing an additional 32,595 shares in the last quarter. Geode Capital Management LLC boosted its holdings in National Vision by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,990,329 shares of the company's stock valued at $51,399,000 after purchasing an additional 55,824 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of National Vision by 127.9% in the 2nd quarter. Bank of America Corp DE now owns 1,965,856 shares of the company's stock valued at $45,234,000 after purchasing an additional 1,103,213 shares during the period.

National Vision Trading Up 2.5%

EYE stock opened at $18.69 on Wednesday. The business has a fifty day moving average price of $19.76 and a 200 day moving average price of $22.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. National Vision Holdings, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $30.02. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 30.64, a P/E/G ratio of 1.44 and a beta of 1.02.

National Vision (NASDAQ:EYE - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The company had revenue of $498.81 million for the quarter. During the same period in the prior year, the firm posted $0.18 EPS. National Vision's revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that National Vision Holdings, Inc. will post 0.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on EYE shares. Barclays dropped their target price on National Vision from $38.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. Citigroup lowered their price target on National Vision from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Morgan Stanley dropped their price objective on National Vision from $22.00 to $21.00 and set an "equal weight" rating for the company in a research note on Thursday, August 13th. UBS Group cut their price objective on National Vision from $36.00 to $34.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of National Vision in a research note on Tuesday, August 11th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

National Vision Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America's Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source