Public Sector Pension Investment Board Has $3.19 Million Stake in 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 raised its stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,715 shares of the company's stock after acquiring an additional 52,820 shares during the period. Public Sector Pension Investment Board owned about 0.32% of National Vision worth $3,191,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of EYE. Burgundy Asset Management Ltd. grew its position in National Vision by 138.6% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,675,539 shares of the company's stock valued at $48,719,000 after acquiring an additional 2,715,582 shares during the period. Engine Capital Management LP grew its holdings in shares of National Vision by 127.5% during the fourth quarter. Engine Capital Management LP now owns 2,528,053 shares of the company's stock worth $26,342,000 after purchasing 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 fourth quarter worth $11,827,000. Federated Hermes Inc. grew its holdings in shares of National Vision by 215.0% during the first quarter. Federated Hermes Inc. now owns 861,527 shares of the company's stock worth $11,010,000 after purchasing an additional 588,022 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of National Vision by 141.6% during the first 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 last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on EYE. The Goldman Sachs Group increased their target price on National Vision from $17.00 to $22.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Roth Capital began coverage on National Vision in a report on Wednesday, July 30th. They set a "buy" rating and a $36.00 target price on the stock. Bank of America increased their target price on National Vision from $22.00 to $26.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Citigroup upgraded National Vision from a "neutral" rating to a "buy" rating and increased their target price for the stock from $13.00 to $21.00 in a report on Friday, May 9th. Finally, BMO Capital Markets set a $19.00 target price on National Vision and gave the stock a "market perform" rating in a report on Monday, May 19th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, National Vision currently has an average rating of "Moderate Buy" and a consensus price target of $24.73.

National Vision Trading Up 3.3%

National Vision stock traded up $0.79 during mid-day trading on Friday, hitting $24.83. The stock had a trading volume of 2,657,773 shares, compared to its average volume of 2,289,509. The stock has a 50-day simple moving average of $24.00 and a two-hundred day simple moving average of $17.74. The stock has a market capitalization of $1.97 billion, a PE ratio of -137.94, a P/E/G ratio of 2.93 and a beta of 1.27. National Vision Holdings, Inc. has a 12 month low of $9.56 and a 12 month high of $25.67. 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 posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.06. The business had revenue of $486.42 million for the quarter, compared to analysts' expectations of $469.21 million. National Vision had a positive return on equity of 3.56% and a negative net margin of 0.75%.The firm'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, sell-side analysts forecast that National Vision Holdings, Inc. will post 0.31 EPS for the current year.

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.