National Vision Holdings, Inc. $EYE Holdings Lowered by Penn Capital Management Company LLC

Key Points

• Penn Capital Management Company LLC has significantly reduced its stake in National Vision Holdings, Inc., selling 438,727 shares and now owning about 41,169 shares, which represents a 91.4% decrease in their position.
• National Vision reported earnings of $0.18 per share for the latest quarter, surpassing analysts' expectations of $0.12, with revenues of $486.42 million, marking a 7.7% increase year-over-year.
• Wall Street analysts have mixed views on National Vision, with a consensus rating of "Moderate Buy" and a price target averaging $24.73, indicating potential growth ahead for the stock.

Penn Capital Management Company LLC trimmed its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 91.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,169 shares of the company's stock after selling 438,727 shares during the quarter. Penn Capital Management Company LLC owned about 0.05% of National Vision worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EYE. Meeder Asset Management Inc. bought a new stake in shares of National Vision during the 1st quarter worth about $35,000. Smartleaf Asset Management LLC raised its holdings in shares of National Vision by 69.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company's stock worth $39,000 after purchasing an additional 1,230 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of National Vision by 87.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,050 shares of the company's stock worth $73,000 after purchasing an additional 3,291 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of National Vision by 49.2% in the 1st quarter. GAMMA Investing LLC now owns 7,318 shares of the company's stock worth $94,000 after purchasing an additional 2,412 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of National Vision in the 1st quarter worth approximately $147,000.

National Vision Stock Up 3.3%

EYE stock opened at $24.83 on Friday. National Vision Holdings, Inc. has a 52-week low of $9.56 and a 52-week high of $25.67. The company's 50 day simple moving average is $24.00 and its 200-day simple moving average is $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. The firm has a market capitalization of $1.97 billion, a P/E ratio of -137.94, a P/E/G ratio of 2.93 and a beta of 1.27.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $486.42 million for the quarter, compared to analyst estimates of $469.21 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The firm's revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

EYE has been the topic of a number of research reports. Wells Fargo & Company set a $27.00 target price on shares of National Vision and gave the stock an "equal weight" rating in a report on Thursday, August 7th. Loop Capital boosted their target price on shares of National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Citigroup upgraded shares of National Vision from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $13.00 to $21.00 in a report on Friday, May 9th. Wall Street Zen upgraded shares of National Vision from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. 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 issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $24.73.

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.

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