Prudential Financial Inc. Grows Stock Position in National Vision Holdings, Inc. $EYE

Prudential Financial Inc. raised its position in National Vision Holdings, Inc. (NASDAQ:EYE) by 128.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 176,482 shares of the company’s stock after acquiring an additional 99,140 shares during the period. Prudential Financial Inc.’s holdings in National Vision were worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in EYE. William Blair Investment Management LLC purchased a new stake in National Vision in the 2nd quarter worth about $81,908,000. American Century Companies Inc. lifted its holdings in National Vision by 2,030.3% during the second quarter. American Century Companies Inc. now owns 3,495,751 shares of the company’s stock valued at $80,437,000 after purchasing an additional 3,331,657 shares during the last quarter. Engine Capital Management LP boosted its position in National Vision by 53.3% during the first quarter. Engine Capital Management LP now owns 3,875,701 shares of the company’s stock worth $49,531,000 after purchasing an additional 1,347,648 shares during the period. Fiera Capital Corp purchased a new position in shares of National Vision in the second quarter worth about $25,070,000. Finally, Channing Capital Management LLC bought a new stake in shares of National Vision in the first quarter valued at approximately $6,061,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on EYE shares. Wells Fargo & Company set a $27.00 price target on shares of National Vision and gave the company an “equal weight” rating in a research note on Thursday, August 7th. Citigroup increased their target price on National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, November 18th. UBS Group cut their price target on National Vision from $41.00 to $39.00 and set a “buy” rating for the company in a report on Tuesday, November 18th. The Goldman Sachs Group lifted their price target on National Vision from $17.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of National Vision in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $27.00.

National Vision Trading Down 3.0%

Shares of EYE stock opened at $27.99 on Tuesday. The company has a market capitalization of $2.22 billion, a PE ratio of -932.69, a price-to-earnings-growth ratio of 2.60 and a beta of 1.37. National Vision Holdings, Inc. has a 52-week low of $9.93 and a 52-week high of $29.59. The business’s fifty day moving average is $26.54 and its 200 day moving average is $24.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.53.

National Vision (NASDAQ:EYE) last posted its earnings results on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%.The business had revenue of $487.33 million during the quarter, compared to analysts’ expectations of $472.98 million. During the same period in the previous year, the business earned $0.12 earnings per share. The firm’s revenue was up 7.9% on a year-over-year basis. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. On average, equities research analysts anticipate that National Vision Holdings, Inc. will post 0.31 EPS for the current fiscal year.

National Vision Profile

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.