Charles Schwab Investment Management Inc. Has $22.70 Million Stake in 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. lifted its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 12.2% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of EYE. Mercer Global Advisors Inc. ADV grew its position in National Vision by 6.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,470 shares of the company's stock valued at $234,000 after acquiring an additional 1,298 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of National Vision by 3.2% in the 4th quarter. Wells Fargo & Company MN now owns 45,211 shares of the company's stock valued at $471,000 after purchasing an additional 1,394 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of National Vision by 2.0% in the 1st quarter. Victory Capital Management Inc. now owns 79,823 shares of the company's stock valued at $1,020,000 after purchasing an additional 1,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of National Vision by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,309 shares of the company's stock valued at $462,000 after purchasing an additional 1,677 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in National Vision by 49.2% during 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EYE. Roth Capital began coverage on shares of National Vision in a research report on Wednesday, July 30th. They issued a "buy" rating and a $36.00 target price on the stock. Bank of America raised their price objective on National Vision from $22.00 to $26.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. National Bankshares set a $30.00 price objective on National Vision in a research report on Tuesday, July 8th. Barclays lowered their target price on National Vision from $30.00 to $28.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Finally, UBS Group reissued a "buy" rating and set a $30.00 price target on shares of National Vision in a research note on Tuesday, July 8th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $24.73.

National Vision Trading Up 3.3%

Shares of National Vision stock traded up $0.79 during trading on Friday, hitting $24.83. The company's stock had a trading volume of 2,657,773 shares, compared to its average volume of 2,226,130. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of -137.94, a price-to-earnings-growth ratio of 2.93 and a beta of 1.27. National Vision Holdings, Inc. has a 52 week low of $9.56 and a 52 week high of $25.67. The stock has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $17.74. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.52 and a quick ratio of 0.31.

National Vision (NASDAQ:EYE - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.12 by $0.06. The firm had revenue of $486.42 million for the quarter, compared to the consensus estimate of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The business's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. Equities research analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

National Vision Company 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.