Envestnet Asset Management Inc. Sells 12,764 Shares of National Vision Holdings, Inc. $EYE

Envestnet Asset Management Inc. decreased its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,826 shares of the company’s stock after selling 12,764 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.15% of National Vision worth $2,734,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of National Vision during the first quarter worth about $35,000. Smartleaf Asset Management LLC raised its holdings in National Vision by 69.3% during 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 bought a new position in National Vision during the 2nd quarter worth approximately $83,000. USA Financial Formulas acquired a new position in shares of National Vision in the 2nd quarter worth approximately $128,000. Finally, Teza Capital Management LLC bought a new stake in shares of National Vision in the 1st quarter valued at $142,000.

Insider Transactions at National Vision

In related news, Chairman L Reade Fahs sold 137,400 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $24.33, for a total value of $3,342,942.00. Following the completion of the sale, the chairman owned 544,795 shares in the company, valued at $13,254,862.35. The trade was a 20.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EYE has been the topic of several recent analyst reports. Wells Fargo & Company set a $27.00 target price on shares of National Vision and gave the company an “equal weight” rating in a report on Thursday, August 7th. UBS Group boosted their price objective on National Vision from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wall Street Zen cut National Vision from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Barclays lowered their target price on National Vision from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, August 7th. Finally, Roth Capital assumed coverage on National Vision in a report on Wednesday, July 30th. They set a “buy” rating and a $36.00 price target on the stock. Six 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $24.91.

National Vision Stock Performance

EYE stock opened at $23.70 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.53 and a debt-to-equity ratio of 0.28. The firm has a market cap of $1.88 billion, a PE ratio of -789.74, a P/E/G ratio of 2.51 and a beta of 1.33. The business has a 50 day moving average of $25.96 and a 200-day moving average of $23.46. National Vision Holdings, Inc. has a 12-month low of $9.93 and a 12-month high of $29.59.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The business had revenue of $487.33 million during the quarter, compared to analyst estimates of $472.98 million. During the same period in the prior year, the company earned $0.12 earnings per share. National Vision’s revenue was up 7.9% compared to the same quarter last year. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. As a group, sell-side analysts expect that National Vision Holdings, Inc. will post 0.31 earnings per share for the current year.

National Vision Company 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.