Jupiter Asset Management Ltd. Buys Shares of 20,252 National Vision Holdings, Inc. $EYE

Jupiter Asset Management Ltd. bought a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 20,252 shares of the company’s stock, valued at approximately $466,000.

Several other hedge funds have also recently modified their holdings of EYE. Meeder Asset Management Inc. purchased a new position in National Vision in the 1st quarter valued at $35,000. Smartleaf Asset Management LLC lifted its stake in shares of National Vision by 69.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock worth $39,000 after acquiring an additional 1,230 shares during the period. IFP Advisors Inc purchased a new stake in shares of National Vision in the second quarter valued at about $83,000. USA Financial Formulas purchased a new stake in shares of National Vision in the second quarter valued at about $128,000. Finally, Teza Capital Management LLC acquired a new position in shares of National Vision during the first quarter worth about $142,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. UBS Group raised their price objective on shares of National Vision from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Wells Fargo & Company set a $27.00 target price on National Vision and gave the stock an “equal weight” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. Wall Street Zen lowered National Vision from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, The Goldman Sachs Group raised their target price on National Vision from $17.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $24.91.

Insiders Place Their Bets

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the firm’s stock in a transaction dated 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 directly owned 544,795 shares in the company, valued at approximately $13,254,862.35. This trade represents a 20.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.70% of the company’s stock.

National Vision Stock Performance

Shares of EYE stock opened at $23.70 on Friday. The stock has a fifty day moving average price of $25.96 and a 200 day moving average price of $23.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.53. The stock 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. National Vision Holdings, Inc. has a 1 year low of $9.93 and a 1 year high of $29.59.

National Vision (NASDAQ:EYE) last posted its earnings results 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. The company had revenue of $487.33 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. Sell-side analysts forecast that National Vision Holdings, Inc. will post 0.31 earnings per share for the current fiscal year.

About National Vision

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.