Intech Investment Management LLC Invests $135,000 in National Vision Holdings, Inc. (NASDAQ:EYE)

Intech Investment Management LLC purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,322 shares of the company’s stock, valued at approximately $135,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of National Vision by 0.3% during the first quarter. Vanguard Group Inc. now owns 8,908,511 shares of the company’s stock worth $197,413,000 after acquiring an additional 25,982 shares during the period. Clearbridge Investments LLC boosted its stake in National Vision by 4.2% in the 1st quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock valued at $99,980,000 after purchasing an additional 182,504 shares during the period. Hawk Ridge Capital Management LP acquired a new position in National Vision in the 4th quarter valued at $69,274,000. Dimensional Fund Advisors LP increased its position in National Vision by 28.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,975,854 shares of the company’s stock worth $38,952,000 after buying an additional 656,656 shares during the period. Finally, Wolf Hill Capital Management LP lifted its holdings in shares of National Vision by 30.1% during the first quarter. Wolf Hill Capital Management LP now owns 1,595,323 shares of the company’s stock worth $35,352,000 after buying an additional 368,750 shares in the last quarter.

Analysts Set New Price Targets

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

National Vision Trading Up 1.7 %

Shares of National Vision stock opened at $11.02 on Monday. The firm’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $14.75. The company has a market capitalization of $865.74 million, a price-to-earnings ratio of -11.98, a PEG ratio of 1.66 and a beta of 1.41. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 0.17. National Vision Holdings, Inc. has a 12-month low of $9.60 and a 12-month high of $24.11.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The business had revenue of $451.70 million for the quarter, compared to analysts’ expectations of $451.35 million. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The firm’s quarterly revenue was down 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, analysts forecast 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.