National Vision Holdings, Inc. $EYE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 25.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 382,282 shares of the company’s stock after selling 129,702 shares during the period. Principal Financial Group Inc. owned 0.48% of National Vision worth $11,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in EYE. AlphaQuest LLC grew its position in shares of National Vision by 90.7% in the 3rd quarter. AlphaQuest LLC now owns 10,412 shares of the company’s stock valued at $304,000 after buying an additional 4,952 shares during the last quarter. Knights of Columbus Asset Advisors LLC acquired a new position in National Vision in the third quarter valued at $1,168,000. New York State Common Retirement Fund boosted its stake in National Vision by 19.5% in the third quarter. New York State Common Retirement Fund now owns 362,380 shares of the company’s stock valued at $10,578,000 after acquiring an additional 59,188 shares in the last quarter. Truist Financial Corp purchased a new position in shares of National Vision during the third quarter worth about $433,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of National Vision during the third quarter worth about $219,000.

National Vision Stock Performance

NASDAQ:EYE opened at $28.19 on Thursday. The firm’s fifty day simple moving average is $27.63 and its 200-day simple moving average is $26.18. 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 stock has a market cap of $2.24 billion, a PE ratio of -939.35, a price-to-earnings-growth ratio of 1.58 and a beta of 1.39. National Vision Holdings, Inc. has a fifty-two week low of $10.45 and a fifty-two week high of $30.02.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EYE. Citigroup increased their price target on shares of National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Zacks Research upgraded shares of National Vision from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. Morgan Stanley boosted their price target on National Vision from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Guggenheim raised National Vision to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, UBS Group decreased their price objective on National Vision from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

About National Vision

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.