35,190 Shares in National Vision Holdings, Inc. $EYE Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,190 shares of the company’s stock, valued at approximately $669,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of National Vision during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in National Vision by 176.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock valued at $42,000 after purchasing an additional 1,031 shares in the last quarter. Quarry LP grew its position in shares of National Vision by 317.4% in the third quarter. Quarry LP now owns 1,653 shares of the company’s stock valued at $48,000 after purchasing an additional 1,257 shares during the period. Versant Capital Management Inc grew its position in shares of National Vision by 96.2% in the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock valued at $34,000 after purchasing an additional 877 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of National Vision during the fourth quarter worth about $47,000.

Analyst Ratings Changes

A number of brokerages recently weighed in on EYE. Citigroup decreased their price target on shares of National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Roth Capital reaffirmed a “buy” rating and issued a $27.00 price target on shares of National Vision in a research note on Thursday, August 13th. Wells Fargo & Company decreased their price objective on National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 14th. UBS Group dropped their target price on shares of National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Barclays lowered their price target on shares of National Vision from $38.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, National Vision currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.36.

National Vision Price Performance

Shares of EYE opened at $16.74 on Monday. The company’s 50-day moving average price is $19.76 and its 200 day moving average price is $21.58. National Vision Holdings, Inc. has a 12-month low of $14.75 and a 12-month high of $30.02. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.32 billion, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98.

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

National Vision 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.