Raymond James & Associates Boosts Holdings in National Vision Holdings, Inc. (NASDAQ:EYE)

Raymond James & Associates boosted its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 0.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 38,438 shares of the company’s stock after buying an additional 325 shares during the quarter. Raymond James & Associates’ holdings in National Vision were worth $2,182,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Emerald Advisers LLC boosted its stake in National Vision by 3.0% during the third quarter. Emerald Advisers LLC now owns 608,021 shares of the company’s stock worth $34,517,000 after buying an additional 17,969 shares during the period. AMI Asset Management Corp boosted its stake in National Vision by 3.4% during the third quarter. AMI Asset Management Corp now owns 173,571 shares of the company’s stock worth $9,854,000 after buying an additional 5,748 shares during the period. Strs Ohio boosted its stake in National Vision by 51.1% during the third quarter. Strs Ohio now owns 7,100 shares of the company’s stock worth $403,000 after buying an additional 2,400 shares during the period. Hodges Capital Management Inc. boosted its stake in National Vision by 68.9% during the third quarter. Hodges Capital Management Inc. now owns 121,204 shares of the company’s stock worth $6,881,000 after buying an additional 49,459 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in National Vision by 16.4% during the second quarter. Parametric Portfolio Associates LLC now owns 36,521 shares of the company’s stock worth $1,867,000 after buying an additional 5,150 shares during the period.

A number of brokerages have recently issued reports on EYE. The Goldman Sachs Group lowered shares of National Vision from a “buy” rating to a “neutral” rating and lowered their target price for the company from $59.00 to $57.00 in a research note on Monday, November 15th. Bank of America lowered shares of National Vision from a “buy” rating to an “underperform” rating and lowered their target price for the company from $63.00 to $50.00 in a research note on Friday, November 12th. Citigroup boosted their target price on shares of National Vision from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 29th. Wells Fargo & Company lowered their target price on shares of National Vision from $65.00 to $60.00 in a research note on Wednesday, January 5th. Finally, Jefferies Financial Group boosted their target price on shares of National Vision from $63.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, National Vision presently has a consensus rating of “Buy” and an average price target of $61.11.

NASDAQ:EYE opened at $39.44 on Friday. National Vision Holdings, Inc. has a 1-year low of $38.79 and a 1-year high of $65.92. The company has a 50-day moving average of $48.13 and a 200 day moving average of $53.56. The firm has a market cap of $3.26 billion, a PE 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 (NASDAQ:EYE) last announced its earnings results on Wednesday, November 10th. The company reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.13. The business had revenue of $518.01 million during 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 in the previous year, the company posted $0.52 earnings per share. Sell-side analysts anticipate 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 program on Monday, November 29th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 2.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

National Vision Company Profile

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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