Federated Hermes Inc. Invests $2.98 Million in National Vision Holdings, Inc. (NASDAQ:EYE)

Federated Hermes Inc. acquired a new stake in National Vision Holdings, Inc. (NASDAQ:EYE - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 142,405 shares of the company's stock, valued at approximately $2,981,000. Federated Hermes Inc. owned 0.18% of National Vision at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of National Vision by 27.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,479 shares of the company's stock valued at $408,000 after buying an additional 4,153 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of National Vision in the fourth quarter valued at approximately $818,000. Allspring Global Investments Holdings LLC increased its stake in shares of National Vision by 15.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 533,316 shares of the company's stock valued at $11,162,000 after buying an additional 72,318 shares during the period. Vanguard Group Inc. increased its stake in shares of National Vision by 0.5% in the third quarter. Vanguard Group Inc. now owns 8,828,107 shares of the company's stock valued at $142,839,000 after buying an additional 40,193 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in National Vision by 0.6% in the third quarter. Wellington Management Group LLP now owns 1,461,141 shares of the company's stock valued at $23,641,000 after acquiring an additional 8,859 shares during the last quarter.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their target price on National Vision from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, National Vision currently has a consensus rating of "Hold" and a consensus target price of $23.86.

National Vision Stock Up 0.1 %

Shares of EYE traded up $0.01 during trading hours on Friday, reaching $17.88. The stock had a trading volume of 768,041 shares, compared to its average volume of 966,349. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -21.04, a P/E/G ratio of 4.02 and a beta of 1.39. The firm has a 50-day simple moving average of $21.15 and a 200 day simple moving average of $19.68. National Vision Holdings, Inc. has a 12 month low of $13.71 and a 12 month high of $27.02. The company has a current ratio of 1.00, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

National Vision (NASDAQ:EYE - Get Free Report) last released its quarterly earnings results on Tuesday, February 27th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.09) by $0.07. The business had revenue of $506.40 million during the quarter, compared to analyst estimates of $499.49 million. National Vision had a positive return on equity of 3.69% and a negative net margin of 3.10%. National Vision's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.11) EPS. Equities research analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal 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.