National Vision Holdings, Inc. (NASDAQ:EYE) Holdings Increased by Swiss National Bank

Swiss National Bank grew its stake in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 0.7% during the third quarter, Holdings Channel reports. The institutional investor owned 179,900 shares of the company’s stock after acquiring an additional 1,300 shares during the period. Swiss National Bank’s holdings in National Vision were worth $10,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EYE. Nisa Investment Advisors LLC raised its position in shares of National Vision by 30.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,130 shares of the company’s stock worth $160,000 after buying an additional 730 shares in the last quarter. Cookson Peirce & Co. Inc. bought a new stake in shares of National Vision in the 3rd quarter worth approximately $250,000. Xponance Inc. bought a new stake in shares of National Vision in the 2nd quarter worth approximately $257,000. Solstein Capital LLC raised its holdings in shares of National Vision by 105.5% in the 2nd quarter. Solstein Capital LLC now owns 6,407 shares of the company’s stock worth $328,000 after purchasing an additional 3,289 shares in the last quarter. Finally, Jefferies Group LLC bought a new stake in shares of National Vision in the 2nd quarter worth approximately $344,000.

EYE has been the topic of a number of research reports. Zacks Investment Research upgraded shares of National Vision from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a report on Monday, October 18th. Bank of America downgraded shares of National Vision from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $63.00 to $50.00 in a report on Friday, November 12th. Jefferies Financial Group boosted their target price on shares of National Vision from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 15th. The Goldman Sachs Group downgraded shares of National Vision from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $59.00 to $57.00 in a report on Monday, November 15th. Finally, William Blair reiterated an “outperform” rating on shares of National Vision in a report on Wednesday, November 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $61.11.

National Vision stock opened at $39.44 on Friday. The firm’s 50 day simple moving average is $48.13 and its 200-day simple moving average is $53.56. The company has a market cap of $3.26 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 1.77 and a beta of 1.73. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.85 and a quick ratio of 1.50. National Vision Holdings, Inc. has a fifty-two week low of $38.79 and a fifty-two week high of $65.92.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, November 10th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.13. The business had revenue of $518.01 million for the quarter, compared to the consensus estimate of $513.70 million. National Vision had a net margin of 7.49% and a return on equity of 15.80%. During the same period last year, the firm posted $0.52 earnings per share. On average, analysts expect that National Vision Holdings, Inc. will post 1.14 EPS for the current fiscal year.

National Vision declared that its Board of Directors has approved a share buyback plan on Monday, November 29th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

About National Vision

National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment involves operations of, and supplies inventory and lab processing services.

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Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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