Wellington Management Group LLP Acquires 2,173,887 Shares of National Vision Holdings, Inc. $EYE

Wellington Management Group LLP raised its holdings in National Vision Holdings, Inc. (NASDAQ:EYE) by 39.6% during the second quarter, HoldingsChannel reports. The firm owned 7,669,853 shares of the company’s stock after acquiring an additional 2,173,887 shares during the quarter. Wellington Management Group LLP owned 0.10% of National Vision worth $145,804,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of National Vision during the 2nd quarter worth $230,295,000. William Blair Investment Management LLC acquired a new stake in National Vision in the second quarter valued at approximately $90,248,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of National Vision by 15.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,295,290 shares of the company’s stock valued at $96,190,000 after acquiring an additional 437,655 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Vision by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,062,191 shares of the company’s stock valued at $79,304,000 after purchasing an additional 32,595 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in National Vision by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,990,329 shares of the company’s stock worth $51,399,000 after acquiring an additional 55,824 shares during the last quarter.

National Vision Stock Performance

NASDAQ EYE opened at $17.08 on Tuesday. The stock has a market capitalization of $1.35 billion, a PE ratio of 28.00, a P/E/G ratio of 1.37 and a beta of 1.02. National Vision Holdings, Inc. has a 1 year low of $14.75 and a 1 year high of $30.02. The company’s 50 day simple moving average is $19.84 and its two-hundred day simple moving average is $21.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27.

National Vision (NASDAQ:EYE) last released its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.07. The business had revenue of $498.81 million during the quarter. National Vision had a net margin of 2.47% and a return on equity of 6.78%. National Vision’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. Analysts predict that National Vision Holdings, Inc. will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EYE has been the topic of several analyst reports. UBS Group reduced their target price on National Vision from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Citigroup decreased their target price on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Weiss Ratings downgraded shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Morgan Stanley decreased their price target on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, August 13th. Finally, Barclays dropped their price target on shares of National Vision from $38.00 to $27.00 and set an “overweight” rating on the stock in a research report on Thursday, May 14th. 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, National Vision has a consensus rating of “Moderate Buy” and an average price target of $30.36.

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.