NFJ Investment Group LLC Invests $2.07 Million in National Vision Holdings, Inc. $EYE

Key Points

• NFJ Investment Group purchased 108,852 National Vision shares worth approximately $2.07 million, representing a 0.14% stake.
• National Vision exceeded quarterly earnings expectations, reporting $0.25 EPS versus the $0.18 consensus estimate, while revenue rose 2.6% year over year to $498.81 million.
• Analysts maintain a “Moderate Buy” consensus rating, with seven Buy and four Hold ratings and an average price target of $30.36, above the stock’s reported $17.88 price.

NFJ Investment Group LLC purchased a new position in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 108,852 shares of the company's stock, valued at approximately $2,069,000. NFJ Investment Group LLC owned 0.14% of National Vision at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. purchased a new position in shares of National Vision during the fourth quarter worth approximately $2,711,000. Bank of America Corp DE boosted its holdings in shares of National Vision by 6.8% in the first quarter. Bank of America Corp DE now owns 1,175,370 shares of the company's stock valued at $30,442,000 after purchasing an additional 74,607 shares during the period. Avalon Trust Co purchased a new stake in shares of National Vision in the second quarter valued at approximately $14,481,000. Pier Capital LLC grew its stake in National Vision by 111.1% in the fourth quarter. Pier Capital LLC now owns 313,565 shares of the company's stock worth $8,096,000 after purchasing an additional 165,049 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in National Vision by 33.9% in the fourth quarter. Intech Investment Management LLC now owns 152,401 shares of the company's stock worth $3,935,000 after purchasing an additional 38,585 shares in the last quarter.

National Vision Stock Performance

Shares of EYE stock opened at $17.88 on Friday. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 1.63 and a beta of 1.02. National Vision Holdings, Inc. has a 52-week low of $14.75 and a 52-week high of $30.02. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The company's 50 day moving average is $19.73 and its 200 day moving average is $22.36.

National Vision (NASDAQ:EYE - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.07. The company had revenue of $498.81 million during the quarter. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The firm's quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 EPS. On average, sell-side analysts anticipate that National Vision Holdings, Inc. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EYE has been the topic of several research reports. Citigroup decreased their target price on National Vision from $39.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Bank of America dropped their price target on National Vision from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, May 14th. Weiss Ratings restated a "hold (c)" rating on shares of National Vision in a research note on Tuesday, August 11th. Morgan Stanley decreased their price objective on National Vision from $22.00 to $21.00 and set an "equal weight" rating for the company in a report on Thursday, August 13th. Finally, UBS Group lowered their price objective on shares of National Vision from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.36.

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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