National Vision Holdings, Inc. $EYE Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. reduced its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 94.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,995 shares of the company’s stock after selling 4,912,417 shares during the period. Russell Investments Group Ltd. owned about 0.34% of National Vision worth $6,121,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in EYE. Smartleaf Asset Management LLC increased its position in shares of National Vision by 69.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after purchasing an additional 1,230 shares during the last quarter. IFP Advisors Inc acquired a new position in National Vision in the second quarter worth about $83,000. USA Financial Formulas acquired a new position in National Vision in the second quarter worth about $128,000. Teza Capital Management LLC bought a new stake in National Vision in the first quarter valued at about $142,000. Finally, Bayforest Capital Ltd acquired a new stake in National Vision during the second quarter valued at approximately $196,000.

National Vision Price Performance

Shares of NASDAQ:EYE opened at $28.15 on Friday. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -938.02, a PEG ratio of 2.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32. National Vision Holdings, Inc. has a 12 month low of $9.93 and a 12 month high of $29.59. The stock’s 50 day moving average price is $26.57 and its 200 day moving average price is $24.41.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $487.33 million for the quarter, compared to analysts’ expectations of $472.98 million. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. Equities research analysts anticipate that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wall Street Zen downgraded National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Barclays upped their price target on National Vision from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, November 18th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. Citigroup boosted their target price on shares of National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Finally, UBS Group reduced their price target on shares of National Vision from $41.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.00.

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.