Connor Clark & Lunn Investment Management Ltd. Acquires New Stake in National Vision Holdings, Inc. $EYE

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 148,196 shares of the company’s stock, valued at approximately $2,817,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.18% of National Vision as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Hussman Strategic Advisors Inc. acquired a new stake in shares of National Vision during the fourth quarter worth $2,711,000. Bank of America Corp DE lifted its holdings in National Vision by 6.8% in the first quarter. Bank of America Corp DE now owns 1,175,370 shares of the company’s stock valued at $30,442,000 after buying an additional 74,607 shares during the period. Avalon Trust Co bought a new stake in National Vision during the second quarter valued at $14,481,000. Pier Capital LLC grew its holdings in National Vision by 111.1% during the 4th quarter. Pier Capital LLC now owns 313,565 shares of the company’s stock worth $8,096,000 after acquiring an additional 165,049 shares during the period. Finally, Intech Investment Management LLC grew its holdings in National Vision by 33.9% during the 4th quarter. Intech Investment Management LLC now owns 152,401 shares of the company’s stock worth $3,935,000 after acquiring an additional 38,585 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays dropped their price objective on National Vision from $38.00 to $27.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Morgan Stanley lowered their target price on National Vision from $22.00 to $21.00 and set an “equal weight” rating for the company in a report on Thursday, August 13th. Citigroup cut their price target on National Vision from $39.00 to $35.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings downgraded shares of National Vision from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Finally, Roth Capital reiterated a “buy” rating and issued a $27.00 price objective on shares of National Vision in a research note on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.36.

National Vision Stock Performance

Shares of National Vision stock opened at $17.38 on Friday. National Vision Holdings, Inc. has a one year low of $14.75 and a one year high of $30.02. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.41 and a beta of 1.02. The business has a 50-day simple moving average of $19.84 and a 200 day simple moving average of $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.

National Vision (NASDAQ:EYE) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping 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 business had revenue of $498.81 million for the quarter. During the same quarter in the previous year, the company posted $0.18 EPS. The firm’s 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 earnings per share 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.