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Legal & General Group Plc Invests $3.48 Million in National Vision Holdings, Inc. $EYE

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Legal & General Group Plc purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 182,968 shares of the company's stock, valued at approximately $3,478,000. Legal & General Group Plc owned about 0.23% of National Vision as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EYE. Kestra Advisory Services LLC acquired a new stake in shares of National Vision in the 4th quarter valued at $28,000. Versant Capital Management Inc raised its holdings in National Vision by 96.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,789 shares of the company's stock worth $34,000 after buying an additional 877 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of National Vision by 176.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company's stock worth $42,000 after acquiring an additional 1,031 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in National Vision in the 4th quarter valued at approximately $47,000. Finally, Quarry LP lifted its position in National Vision by 317.4% during the 3rd quarter. Quarry LP now owns 1,653 shares of the company's stock worth $48,000 after buying an additional 1,257 shares in the last quarter.

National Vision Stock Performance

NASDAQ EYE opened at $16.74 on Friday. National Vision Holdings, Inc. has a 1 year low of $14.75 and a 1 year high of $30.02. The company's 50 day simple moving average is $19.76 and its two-hundred day simple moving average is $21.63. The stock has a market capitalization of $1.32 billion, a PE ratio of 27.44, a P/E/G ratio of 1.33 and a beta of 0.98. 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 (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 earnings per share 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 firm had revenue of $498.81 million for the quarter. During the same quarter in the prior year, the business posted $0.18 earnings per share. National Vision's quarterly revenue was up 2.6% compared to the same quarter last year. Analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on National Vision from $30.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 14th. Barclays lowered their price objective on National Vision from $38.00 to $27.00 and set an "overweight" rating for the company in a research report on Thursday, May 14th. Weiss Ratings downgraded National Vision from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Morgan Stanley decreased their price target on shares of 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. Finally, Citigroup cut their price objective on shares of National Vision from $39.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, National Vision presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

Read Our Latest Report on National Vision

About National Vision

(Free Report)

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.

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Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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