Assetmark Inc. Buys Shares of 39,777 National Vision Holdings, Inc. $EYE

Assetmark Inc. bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,777 shares of the company’s stock, valued at approximately $915,000. Assetmark Inc. owned about 0.05% of National Vision at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of National Vision by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 10,568,579 shares of the company’s stock valued at $135,066,000 after acquiring an additional 156,741 shares during the period. Burgundy Asset Management Ltd. raised its holdings in National Vision by 6.9% in the first quarter. Burgundy Asset Management Ltd. now owns 4,996,104 shares of the company’s stock worth $63,850,000 after purchasing an additional 320,565 shares during the period. Engine Capital Management LP raised its holdings in National Vision by 53.3% in the first quarter. Engine Capital Management LP now owns 3,875,701 shares of the company’s stock worth $49,531,000 after purchasing an additional 1,347,648 shares during the period. William Blair Investment Management LLC bought a new position in shares of National Vision during the second quarter worth $81,908,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of National Vision by 12.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,776,285 shares of the company’s stock valued at $22,701,000 after buying an additional 193,154 shares during the period.

National Vision Stock Performance

Shares of NASDAQ EYE opened at $23.48 on Friday. National Vision Holdings, Inc. has a one year low of $9.93 and a one year high of $29.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.31. The stock’s fifty day moving average price is $25.82 and its two-hundred day moving average price is $22.79. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -782.41, a P/E/G ratio of 2.74 and a beta of 1.33.

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

Analyst Ratings Changes

Several analysts recently commented on the company. Roth Capital initiated coverage on National Vision in a research note on Wednesday, July 30th. They set a “buy” rating and a $36.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. UBS Group lifted their price objective on National Vision from $30.00 to $32.00 and gave the company a “buy” rating in a report on Thursday. Barclays lowered their target price on National Vision from $30.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, August 7th. Finally, Wall Street Zen raised shares of National Vision from a “hold” rating to a “buy” rating in a research note on Saturday, October 18th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.91.

Insider Activity at National Vision

In related news, Chairman L Reade Fahs sold 137,400 shares of National Vision stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $24.33, for a total transaction of $3,342,942.00. Following the completion of the transaction, the chairman owned 544,795 shares of the company’s stock, valued at $13,254,862.35. This trade represents a 20.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.70% of the company’s stock.

National Vision 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.