National Vision Holdings, Inc. $EYE Position Lifted by Inspire Investing LLC

Key Points

• Inspire Investing increased its National Vision stake by 415.7% in the third quarter, acquiring 150,341 additional shares for a total position of 186,510 shares valued at approximately $3.06 million.
• Analyst sentiment remains cautiously positive, with seven Buy ratings and four Holds, resulting in a “Moderate Buy” consensus and an average price target of $29.82.
• National Vision shares opened at $18.67, while the company’s latest quarterly results exceeded expectations with $0.25 earnings per share versus a $0.18 consensus estimate and revenue of $498.81 million.

Inspire Investing LLC increased its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 415.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,510 shares of the company's stock after acquiring an additional 150,341 shares during the quarter. Inspire Investing LLC owned approximately 0.24% of National Vision worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Skylands Capital LLC acquired a new stake in National Vision during the third quarter worth about $681,000. GAMMA Investing LLC boosted its holdings in National Vision by 32.9% in the 3rd quarter. GAMMA Investing LLC now owns 7,813 shares of the company's stock valued at $128,000 after purchasing an additional 1,935 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in National Vision by 147.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,840 shares of the company's stock valued at $30,000 after purchasing an additional 1,097 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in National Vision by 131.5% in the 2nd quarter. WINTON GROUP Ltd now owns 108,753 shares of the company's stock valued at $2,067,000 after purchasing an additional 61,770 shares during the last quarter. Finally, Engineers Gate Manager LP grew its stake in shares of National Vision by 224.9% in the 2nd quarter. Engineers Gate Manager LP now owns 74,232 shares of the company's stock valued at $1,411,000 after buying an additional 51,382 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EYE shares. Citigroup cut their price target on shares of National Vision from $39.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Roth Capital reiterated a "buy" rating and issued a $27.00 price objective on shares of National Vision in a report on Thursday, August 13th. Weiss Ratings lowered National Vision from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 25th. Morgan Stanley lowered their price objective on National Vision from $22.00 to $21.00 and set an "equal weight" rating for the company in a research report on Thursday, August 13th. Finally, Guggenheim set a $27.00 target price on National Vision in a research note on Friday, September 11th. Seven research 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 an average price target of $29.82.

National Vision Stock Down 1.1%

EYE opened at $18.67 on Friday. National Vision Holdings, Inc. has a one year low of $14.75 and a one year high of $30.02. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.27 and a current ratio of 0.59. The stock has a market capitalization of $1.48 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 1.48 and a beta of 0.98. The business's 50-day simple moving average is $17.22 and its 200-day simple moving average is $19.22.

National Vision (NASDAQ:EYE - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 during the quarter. During the same period in the prior year, the business earned $0.18 earnings per share. National Vision's revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts anticipate that National Vision Holdings, Inc. will post 0.65 EPS for the current year.

National Vision Company Profile

National Vision Holdings, Inc is an optical retail company that provides prescription eyewear, contact lenses, eye examinations and related vision-care services. The company operates primarily in the United States through a network of retail optical locations and digital channels.

Its principal brands include America's Best Contacts & Eyeglasses, which offers eye exams, prescription glasses and contact lenses at value-oriented prices, and Eyeglass World, which provides similar products and services.

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