Public Sector Pension Investment Board Buys 52,820 Shares of National Vision Holdings, Inc. $EYE

Key Points

• The Public Sector Pension Investment Board increased its stake in National Vision Holdings, Inc. by 26.8%, owning a total of 249,715 shares valued at approximately $3.2 million.
• Multiple institutional investors have significantly boosted their stakes in National Vision, with notable increases from Burgundy Asset Management (138.6%) and Federated Hermes (215.0%).
• National Vision reported earnings of $0.18 per share for the quarter, exceeding estimates, and experienced a 7.7% year-over-year revenue growth to $486.42 million.

Public Sector Pension Investment Board grew its stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 26.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 249,715 shares of the company's stock after purchasing an additional 52,820 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of National Vision worth $3,191,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EYE. Burgundy Asset Management Ltd. lifted its stake in shares of National Vision by 138.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock worth $48,719,000 after acquiring an additional 2,715,582 shares during the last quarter. Engine Capital Management LP lifted its stake in shares of National Vision by 127.5% during the 4th quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock worth $26,342,000 after acquiring an additional 1,417,002 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of National Vision during the 4th quarter worth approximately $11,827,000. Federated Hermes Inc. lifted its stake in shares of National Vision by 215.0% during the 1st quarter. Federated Hermes Inc. now owns 861,527 shares of the company's stock worth $11,010,000 after acquiring an additional 588,022 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in National Vision by 141.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 993,558 shares of the company's stock worth $12,718,000 after purchasing an additional 582,353 shares during the period.

National Vision Trading Up 5.0%

Shares of NASDAQ:EYE opened at $23.87 on Tuesday. National Vision Holdings, Inc. has a 12-month low of $9.56 and a 12-month high of $25.67. The business's fifty day simple moving average is $23.77 and its 200-day simple moving average is $17.38. The company has a market capitalization of $1.89 billion, a PE ratio of -132.61, a P/E/G ratio of 2.68 and a beta of 1.27. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 0.30.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EYE shares. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and lifted their target price for the company from $13.00 to $21.00 in a research report on Friday, May 9th. Wells Fargo & Company set a $27.00 target price on National Vision and gave the company an "equal weight" rating in a research report on Thursday, August 7th. BMO Capital Markets set a $19.00 target price on National Vision and gave the company a "market perform" rating in a research report on Monday, May 19th. Wall Street Zen raised National Vision from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Finally, The Goldman Sachs Group lifted their target price on National Vision from $17.00 to $22.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, National Vision currently has a consensus rating of "Moderate Buy" and an average target price of $24.73.

About National Vision

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.

Want to see what other hedge funds are holding EYE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Vision Holdings, Inc. (NASDAQ:EYE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.