Freestone Grove Partners LP Makes New Investment in National Vision Holdings, Inc. $EYE

Freestone Grove Partners LP purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 40,318 shares of the company’s stock, valued at approximately $766,000.

Several other large investors also recently made changes to their positions in the business. Kestra Advisory Services LLC acquired a new position in shares of National Vision in the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings in shares of National Vision by 96.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock worth $34,000 after purchasing an additional 877 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in National Vision by 176.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock valued at $42,000 after purchasing an additional 1,031 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in National Vision during the fourth quarter valued at approximately $47,000. Finally, Quarry LP boosted its holdings in National Vision by 317.4% during the third quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after buying an additional 1,257 shares in the last quarter.

National Vision Price Performance

Shares of EYE opened at $17.38 on Friday. The business’s 50-day moving average is $19.84 and its 200-day moving average is $22.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.59 and a quick ratio of 0.27. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.37 and a beta of 1.02. National Vision Holdings, Inc. has a fifty-two week low of $14.75 and a fifty-two week high of $30.02.

National Vision (NASDAQ:EYE) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.18 by $0.07. National Vision had a net margin of 2.47% and a return on equity of 6.78%. The business had revenue of $498.81 million during the quarter. During the same quarter in the prior year, the business posted $0.18 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts expect that National Vision Holdings, Inc. will post 0.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EYE has been the topic of several recent research reports. Bank of America decreased their price target on shares of National Vision from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings downgraded National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Roth Capital reissued a “buy” rating and set a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Citigroup decreased their target price on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Finally, Morgan Stanley decreased their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.36.

National Vision Company Profile

National Vision Holdings, Inc is an American optical retailer specializing in accessible vision care and eyewear. The company operates under multiple retail banners, offering comprehensive eye health services and a wide range of optical products. Since its founding in the early 1990s, National Vision has focused on providing value-driven solutions, targeting underserved and price?conscious consumer segments.

Through its primary retail brands—including America’s Best Contacts & Eyeglasses, Eyeglass World, Optical America and Vista Optical—National Vision delivers services such as comprehensive eye examinations, prescription eyewear, contact lenses, sunglasses and lens accessories.