Granite Investment Partners LLC Takes $12.72 Million Position in National Vision Holdings, Inc. $EYE

Granite Investment Partners LLC purchased a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 435,640 shares of the company’s stock, valued at approximately $12,716,000. Granite Investment Partners LLC owned approximately 0.55% of National Vision as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Geneos Wealth Management Inc. acquired a new position in National Vision during the third quarter worth about $29,000. Elevation Point Wealth Partners LLC acquired a new position in National Vision during the 2nd quarter worth approximately $35,000. LSV Asset Management bought a new position in National Vision in the 3rd quarter valued at approximately $93,000. Smartleaf Asset Management LLC lifted its stake in National Vision by 14.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 3,431 shares of the company’s stock valued at $100,000 after purchasing an additional 440 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in National Vision by 333.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company’s stock valued at $90,000 after buying an additional 3,000 shares in the last quarter.

National Vision Price Performance

Shares of EYE opened at $27.35 on Monday. The business has a 50-day moving average of $27.47 and a 200-day moving average of $26.35. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.53 and a quick ratio of 0.32. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -911.36, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. National Vision Holdings, Inc. has a 1 year low of $10.45 and a 1 year high of $30.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on EYE. Barclays increased their price target on National Vision from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. Citigroup increased their target price on National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. UBS Group reduced their price target on National Vision from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Morgan Stanley raised their price objective on shares of National Vision from $26.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Finally, National Bank Financial set a $32.00 target price on shares of National Vision in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

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.