Connor Clark & Lunn Investment Management Ltd. Invests $2.82 Million in National Vision Holdings, Inc. $EYE

Connor Clark & Lunn Investment Management Ltd. bought a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 148,196 shares of the company’s stock, valued at approximately $2,817,000.

Several other hedge funds also recently modified their holdings of EYE. BlackRock Inc. purchased a new stake in National Vision in the 2nd quarter valued at $230,295,000. William Blair Investment Management LLC bought a new stake in shares of National Vision in the 2nd quarter worth $90,248,000. Wellington Management Group LLP raised its holdings in shares of National Vision by 1,242.5% in the third quarter. Wellington Management Group LLP now owns 4,532,200 shares of the company’s stock valued at $132,295,000 after purchasing an additional 4,194,614 shares during the last quarter. Bank of America Corp DE lifted its position in shares of National Vision by 127.9% during the second quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock valued at $45,234,000 after purchasing an additional 1,103,213 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in National Vision by 1,252.0% in the 3rd quarter. Alliancebernstein L.P. now owns 1,149,680 shares of the company’s stock worth $33,559,000 after purchasing an additional 1,064,645 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EYE. Morgan Stanley cut their price target on shares of National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, August 13th. Wells Fargo & Company lowered their price objective on shares of National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Bank of America dropped their target price on shares of National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Citigroup decreased their price target on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, National Vision currently has an average rating of “Moderate Buy” and an average target price of $30.36.

National Vision Price Performance

National Vision stock opened at $17.38 on Friday. National Vision Holdings, Inc. has a one year low of $14.75 and a one year high of $30.02. The business has a fifty day moving average price of $19.84 and a 200-day moving average price of $22.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. The firm has a market capitalization of $1.37 billion, a P/E ratio of 28.49, a PEG ratio of 1.41 and a beta of 1.02.

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

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.