Penn Capital Management Company LLC Acquires Shares of 146,253 National Vision Holdings, Inc. $EYE

Penn Capital Management Company LLC bought a new position in National Vision Holdings, Inc. (NASDAQ:EYE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 146,253 shares of the company’s stock, valued at approximately $2,780,000.

Several other institutional investors have also made changes to their positions in EYE. Kestra Advisory Services LLC purchased a new position in shares of National Vision in the fourth quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in shares of National Vision by 96.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock valued at $34,000 after acquiring an additional 877 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of National Vision in the 2nd quarter valued at approximately $38,000. EverSource Wealth Advisors LLC boosted its stake in National Vision by 176.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock worth $42,000 after purchasing an additional 1,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in National Vision in the 4th quarter worth approximately $47,000.

National Vision Trading Down 2.7%

National Vision stock opened at $17.38 on Friday. The company’s fifty day simple moving average is $19.84 and its 200-day simple moving average is $22.03. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. National Vision Holdings, Inc. has a 12 month low of $14.75 and a 12 month high of $30.02. The stock has a market cap of $1.37 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.37 and a beta of 1.02.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The business had revenue of $498.81 million during the quarter. During the same quarter in the prior year, the business posted $0.18 earnings per share. National Vision’s revenue was up 2.6% on a year-over-year basis. As a group, sell-side analysts forecast that National Vision Holdings, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on EYE. Morgan Stanley lowered their price objective on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th. UBS Group decreased their target price on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Wells Fargo & Company decreased their target price on National Vision from $30.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Roth Capital reiterated a “buy” rating and set a $27.00 price target on shares of National Vision in a report on Thursday, August 13th. Finally, Weiss Ratings lowered National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, National Vision presently has an average rating of “Moderate Buy” and a consensus price target of $30.36.

National Vision Company Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price‐conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.