National Vision Holdings, Inc. $EYE Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its National Vision stake by 6.8% in the first quarter, purchasing 74,607 additional shares and bringing its holdings to 1.18 million shares valued at approximately $30.4 million.
• National Vision has attracted significant institutional interest, including major position increases from Wellington Management and AllianceBernstein and new investments from Glenview Capital and Millennium Management.
• Analysts maintain a generally positive outlook, with seven Buy ratings and four Holds, though several firms lowered price targets; the consensus rating is Moderate Buy with a $30.36 target. The company also beat quarterly EPS estimates, reporting $0.25 versus the expected $0.18, while revenue rose 2.6% year over year.

Bank of America Corp DE boosted its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,175,370 shares of the company's stock after purchasing an additional 74,607 shares during the quarter. Bank of America Corp DE owned approximately 1.47% of National Vision worth $30,442,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of National Vision by 1,242.5% in the third quarter. Wellington Management Group LLP now owns 4,532,200 shares of the company's stock worth $132,295,000 after buying an additional 4,194,614 shares during the last quarter. Alliancebernstein L.P. boosted its stake in National Vision by 1,252.0% during the 3rd quarter. Alliancebernstein L.P. now owns 1,149,680 shares of the company's stock valued at $33,559,000 after acquiring an additional 1,064,645 shares during the last quarter. Glenview Capital Management LLC bought a new position in National Vision during the 2nd quarter valued at $18,696,000. Millennium Management LLC acquired a new position in National Vision during the 4th quarter worth $16,109,000. Finally, Invesco Ltd. grew its holdings in National Vision by 86.0% during the 3rd quarter. Invesco Ltd. now owns 1,019,851 shares of the company's stock worth $29,769,000 after acquiring an additional 471,523 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EYE. Weiss Ratings restated a "hold (c)" rating on shares of National Vision in a research note on Tuesday. Barclays lowered their price objective on National Vision from $38.00 to $27.00 and set an "overweight" rating for the company in a report on Thursday, May 14th. UBS Group decreased their target price on National Vision from $36.00 to $34.00 and set a "buy" rating for the company in a research report on Thursday. Bank of America lowered their price target on National Vision from $35.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, May 14th. Finally, Roth Capital reissued a "buy" rating and set a $27.00 price target on shares of National Vision in a research report on Thursday. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

National Vision Price Performance

Shares of EYE opened at $19.30 on Friday. National Vision Holdings, Inc. has a 12 month low of $14.75 and a 12 month high of $30.02. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.37. The stock has a fifty day moving average price of $19.62 and a 200 day moving average price of $22.63. The company has a market cap of $1.55 billion, a P/E ratio of 31.64, a PEG ratio of 1.71 and a beta of 1.02.

National Vision (NASDAQ:EYE - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $498.81 million for the quarter. During the same quarter in the previous year, the business posted $0.18 earnings per share. The business's quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts forecast that National Vision Holdings, Inc. will post 0.58 earnings per share for the current year.

National Vision Profile

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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