Arrowstreet Capital Limited Partnership Purchases 301,584 Shares of National Vision Holdings, Inc. $EYE

Arrowstreet Capital Limited Partnership lifted its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,857,635 shares of the company’s stock after acquiring an additional 301,584 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 3.61% of National Vision worth $65,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EYE. New York State Common Retirement Fund raised its position in National Vision by 1,140.8% during the second quarter. New York State Common Retirement Fund now owns 303,192 shares of the company’s stock valued at $6,976,000 after purchasing an additional 278,756 shares in the last quarter. Atika Capital Management LLC acquired a new stake in National Vision in the second quarter valued at about $9,531,000. Elevation Point Wealth Partners LLC bought a new position in National Vision in the second quarter valued at about $35,000. Northwest & Ethical Investments L.P. acquired a new position in National Vision during the second quarter worth about $218,000. Finally, XTX Topco Ltd bought a new position in shares of National Vision in the second quarter worth about $858,000.

National Vision Stock Down 1.3%

EYE stock opened at $28.15 on Friday. The stock’s 50 day moving average is $26.57 and its 200-day moving average is $24.41. National Vision Holdings, Inc. has a twelve month low of $9.93 and a twelve month high of $29.59. The firm has a market capitalization of $2.23 billion, a PE ratio of -938.02, a P/E/G ratio of 2.57 and a beta of 1.37. The company has a quick ratio of 0.32, a current ratio of 0.53 and a debt-to-equity ratio of 0.28.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Barclays raised their price objective on National Vision from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Tuesday, November 18th. Wall Street Zen cut National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. The Goldman Sachs Group increased their target price on National Vision from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company set a $27.00 price objective on shares of National Vision and gave the company an “equal weight” rating in a report on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

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.