Penn Capital Management Company LLC Makes New Investment in National Vision Holdings, Inc. $EYE

Penn Capital Management Company LLC purchased a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 146,253 shares of the company’s stock, valued at approximately $2,780,000. Penn Capital Management Company LLC owned approximately 0.18% of National Vision at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Kestra Advisory Services LLC acquired a new position in shares of National Vision during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in National Vision by 96.2% during the second 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. Public Employees Retirement System of Ohio acquired a new stake in National Vision in the second quarter worth approximately $38,000. EverSource Wealth Advisors LLC lifted its position in National Vision by 176.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,614 shares of the company’s stock worth $42,000 after purchasing an additional 1,031 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new position in National Vision during the 4th quarter valued at $47,000.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EYE shares. Roth Capital reiterated a “buy” rating and set a $27.00 price target on shares of National Vision in a research report on Thursday, August 13th. Citigroup cut their price objective on National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. UBS Group decreased their target price on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Barclays lowered their target price on National Vision from $38.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, May 14th. Finally, Wells Fargo & Company dropped their price target on shares of National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.36.

National Vision Trading Down 2.7%

Shares of NASDAQ:EYE opened at $17.38 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.27 and a current ratio of 0.59. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.37 and a beta of 1.02. National Vision Holdings, Inc. has a 1-year low of $14.75 and a 1-year high of $30.02. The company has a 50 day moving average price of $19.84 and a 200 day moving average price of $22.03.

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

National Vision 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.