Charles Schwab Investment Management Inc. Purchases 193,154 Shares of National Vision Holdings, Inc. $EYE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in National Vision Holdings, boosting its holdings by 12.2% to approximately 1.78 million shares, valued at $22.7 million.
• Several large investors, including Wells Fargo and Envestnet Asset Management, have also increased their stakes in National Vision, indicating growing institutional interest.
• Analysts maintain a consensus "Moderate Buy" rating for National Vision, with a price target of $24.73, following a positive earnings report that exceeded expectations.

Charles Schwab Investment Management Inc. raised its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 12.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,776,285 shares of the company's stock after buying an additional 193,154 shares during the period. Charles Schwab Investment Management Inc. owned about 2.25% of National Vision worth $22,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EYE. Wells Fargo & Company MN increased its holdings in National Vision by 3.2% during the fourth quarter. Wells Fargo & Company MN now owns 45,211 shares of the company's stock valued at $471,000 after buying an additional 1,394 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of National Vision by 27.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 65,575 shares of the company's stock worth $683,000 after purchasing an additional 13,955 shares in the last quarter. Invesco Ltd. increased its stake in shares of National Vision by 39.9% in the fourth quarter. Invesco Ltd. now owns 640,038 shares of the company's stock worth $6,669,000 after purchasing an additional 182,550 shares in the last quarter. Barclays PLC increased its stake in shares of National Vision by 16.8% in the fourth quarter. Barclays PLC now owns 189,023 shares of the company's stock worth $1,969,000 after purchasing an additional 27,221 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new stake in shares of National Vision in the fourth quarter worth $150,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on EYE shares. The Goldman Sachs Group increased their price objective on shares of National Vision from $17.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Barclays reduced their price objective on shares of National Vision from $30.00 to $28.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. National Bankshares set a $30.00 price objective on shares of National Vision in a research note on Tuesday, July 8th. Citigroup raised shares of National Vision from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $13.00 to $21.00 in a research note on Friday, May 9th. Finally, Loop Capital increased their price objective on shares of National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, National Vision has an average rating of "Moderate Buy" and a consensus price target of $24.73.

National Vision Price Performance

EYE stock traded down $0.16 during trading on Wednesday, hitting $24.39. 2,450,690 shares of the company's stock traded hands, compared to its average volume of 2,254,571. National Vision Holdings, Inc. has a 52 week low of $9.56 and a 52 week high of $25.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52. The business has a fifty day simple moving average of $24.10 and a 200 day simple moving average of $17.92. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -135.50, a P/E/G ratio of 2.90 and a beta of 1.27.

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

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.