The Manufacturers Life Insurance Company Purchases Shares of 35,190 National Vision Holdings, Inc. $EYE

The Manufacturers Life Insurance Company acquired a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, Holdings Channel reports. The institutional investor acquired 35,190 shares of the company’s stock, valued at approximately $669,000.

Other hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in National Vision during the 4th quarter worth about $28,000. Versant Capital Management Inc increased its stake in shares of National Vision by 96.2% during the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock worth $34,000 after buying an additional 877 shares during the period. EverSource Wealth Advisors LLC lifted its stake in National Vision by 176.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock worth $42,000 after acquiring an additional 1,031 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of National Vision in the 4th quarter valued at $47,000. Finally, Quarry LP lifted its position in shares of National Vision by 317.4% during the 3rd quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after purchasing an additional 1,257 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EYE. Bank of America cut their price target on National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley decreased their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a research note on Thursday, August 13th. Roth Capital reiterated a “buy” rating and issued a $27.00 price target on shares of National Vision in a research note on Thursday, August 13th. Citigroup lowered their target price on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, UBS Group reduced their price target on shares of National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, National Vision has an average rating of “Moderate Buy” and a consensus target price of $30.36.

National Vision Stock Performance

Shares of EYE stock opened at $16.74 on Monday. The stock’s 50-day moving average price is $19.76 and its 200 day moving average price is $21.58. The company has a quick ratio of 0.27, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $1.32 billion, a PE ratio of 27.44, a price-to-earnings-growth ratio of 1.32 and a beta of 0.98. National Vision Holdings, Inc. has a 52-week low of $14.75 and a 52-week high of $30.02.

National Vision (NASDAQ:EYE) last announced its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The company had revenue of $498.81 million for the quarter. During the same quarter last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. As a group, equities research analysts forecast that National Vision Holdings, Inc. will post 0.65 EPS for the current year.

National Vision Company 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.