Bank of Montreal Can Makes New Investment in National Vision Holdings, Inc. (NASDAQ:EYE)

Bank of Montreal Can acquired a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,283 shares of the company’s stock, valued at approximately $371,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Clearbridge Investments LLC increased its stake in National Vision by 4.2% during the first quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock valued at $99,980,000 after acquiring an additional 182,504 shares during the period. Hsbc Holdings PLC raised its holdings in shares of National Vision by 153.4% in the 2nd quarter. Hsbc Holdings PLC now owns 127,350 shares of the company’s stock worth $1,625,000 after buying an additional 77,096 shares in the last quarter. Hawk Ridge Capital Management LP bought a new position in shares of National Vision during the 4th quarter worth approximately $69,274,000. Jane Street Group LLC boosted its stake in National Vision by 166.6% in the 1st quarter. Jane Street Group LLC now owns 211,305 shares of the company’s stock valued at $4,683,000 after buying an additional 132,039 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in National Vision in the first quarter valued at $4,595,000.

Wall Street Analysts Forecast Growth

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

National Vision Price Performance

NASDAQ EYE opened at $9.97 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.41 and a current ratio of 0.55. National Vision Holdings, Inc. has a 52-week low of $9.60 and a 52-week high of $24.11. The business has a 50 day simple moving average of $10.71 and a 200 day simple moving average of $14.03. The stock has a market cap of $783.25 million, a price-to-earnings ratio of -10.84, a PEG ratio of 1.66 and a beta of 1.41.

National Vision (NASDAQ:EYE) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.06. The firm had revenue of $451.70 million for the quarter, compared to analyst estimates of $451.35 million. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The company’s revenue was down 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. Analysts anticipate that National Vision Holdings, Inc. will post 0.33 earnings per share 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.