First Eagle Investment Management LLC Purchases 235,950 Shares of National Vision Holdings, Inc. (NASDAQ:EYE)

First Eagle Investment Management LLC lifted its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 113.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 443,302 shares of the company’s stock after purchasing an additional 235,950 shares during the period. First Eagle Investment Management LLC owned 0.56% of National Vision worth $5,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its position in shares of National Vision by 252.9% during the 4th quarter. Quadrant Capital Group LLC now owns 1,694 shares of the company’s stock worth $35,000 after buying an additional 1,214 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of National Vision during the second quarter valued at approximately $30,000. Meeder Asset Management Inc. bought a new stake in National Vision during the second quarter worth $32,000. CWM LLC boosted its position in National Vision by 44.8% in the second quarter. CWM LLC now owns 2,717 shares of the company’s stock worth $36,000 after purchasing an additional 841 shares during the last quarter. Finally, TFO Wealth Partners LLC grew its stake in National Vision by 165,300.0% in the 4th quarter. TFO Wealth Partners LLC now owns 4,962 shares of the company’s stock valued at $104,000 after purchasing an additional 4,959 shares during the period.

National Vision Trading Down 3.5 %

Shares of National Vision stock opened at $10.58 on Friday. The stock has a market capitalization of $831.18 million, a P/E ratio of -11.50, a P/E/G ratio of 1.60 and a beta of 1.41. National Vision Holdings, Inc. has a 52-week low of $9.60 and a 52-week high of $24.11. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55. The stock’s 50-day simple moving average is $11.60 and its 200 day simple moving average is $15.25.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The company had revenue of $451.70 million for the quarter, compared to analysts’ expectations of $451.35 million. During the same period in the prior year, the company posted $0.11 EPS. National Vision’s revenue was down 14.0% compared to the same quarter last year. As a group, research analysts anticipate that National Vision Holdings, Inc. will post 0.33 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on EYE shares. Barclays cut their price target on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday, August 8th. UBS Group reduced their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group decreased their price target on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating for the company in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, National Vision has a consensus rating of “Hold” and an average target price of $15.25.

National Vision Company 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.