Vanguard Group Inc. Boosts Stock Position in National Vision Holdings, Inc. $EYE

Key Points

• Vanguard Group Inc. increased its stake in National Vision Holdings by 1.5%, owning approximately 13.37% of the company valued at $135 million after adding 156,741 shares during Q1.
• National Vision recently reported a quarterly EPS of $0.18, exceeding estimates, with revenue reaching $486.42 million, reflecting a year-over-year increase of 7.7%.
• Several analysts have upgraded their ratings on National Vision, with a consensus rating of "Moderate Buy" and a target price around $24.73, indicating positive outlook for the stock.

Vanguard Group Inc. raised its stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) by 1.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,568,579 shares of the company's stock after buying an additional 156,741 shares during the quarter. Vanguard Group Inc. owned approximately 13.37% of National Vision worth $135,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its position in shares of National Vision by 3.2% during the 4th quarter. Wells Fargo & Company MN now owns 45,211 shares of the company's stock valued at $471,000 after acquiring an additional 1,394 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in National Vision by 27.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 65,575 shares of the company's stock worth $683,000 after purchasing an additional 13,955 shares during the period. Invesco Ltd. boosted its holdings in National Vision by 39.9% in the 4th quarter. Invesco Ltd. now owns 640,038 shares of the company's stock valued at $6,669,000 after purchasing an additional 182,550 shares during the last quarter. Barclays PLC grew its stake in shares of National Vision by 16.8% in the 4th quarter. Barclays PLC now owns 189,023 shares of the company's stock valued at $1,969,000 after buying an additional 27,221 shares during the period. Finally, Guggenheim Capital LLC acquired a new stake in shares of National Vision during the 4th quarter worth approximately $150,000.

Analyst Ratings Changes

EYE has been the topic of a number of recent analyst reports. Barclays decreased their price objective on National Vision from $30.00 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, August 7th. National Bankshares set a $30.00 target price on National Vision in a research report on Tuesday, July 8th. Citigroup raised National Vision from a "neutral" rating to a "buy" rating and upped their price target for the company from $13.00 to $21.00 in a research note on Friday, May 9th. Loop Capital raised their price objective on National Vision from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Finally, Roth Capital assumed coverage on shares of National Vision in a report on Wednesday, July 30th. They issued a "buy" rating and a $36.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.73.

National Vision Trading Up 3.3%

Shares of NASDAQ EYE traded up $0.79 during trading on Friday, reaching $24.83. The stock had a trading volume of 2,657,773 shares, compared to its average volume of 2,226,130. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.31 and a current ratio of 0.52. The company has a market cap of $1.97 billion, a P/E ratio of -137.94, a PEG ratio of 2.93 and a beta of 1.27. National Vision Holdings, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $25.67. The business's 50-day moving average price is $24.00 and its 200-day moving average price is $17.74.

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, beating analysts' consensus estimates 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 company had revenue of $486.42 million during the quarter, compared to analysts' expectations of $469.21 million. During the same period last year, the business posted $0.15 EPS. National Vision's revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts predict 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.