Bank of New York Mellon Corp Trims Position in National Vision Holdings, Inc. $EYE

Bank of New York Mellon Corp lowered its position in National Vision Holdings, Inc. (NASDAQ:EYE) by 0.8% in the second quarter, HoldingsChannel reports. The firm owned 519,534 shares of the company’s stock after selling 3,982 shares during the period. Bank of New York Mellon Corp’s holdings in National Vision were worth $11,954,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of National Vision in the 1st quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its holdings in National Vision by 69.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,004 shares of the company’s stock valued at $39,000 after acquiring an additional 1,230 shares during the last quarter. IFP Advisors Inc purchased a new position in National Vision in the second quarter worth approximately $83,000. USA Financial Formulas acquired a new stake in National Vision during the second quarter worth $128,000. Finally, Teza Capital Management LLC acquired a new stake in National Vision during the first quarter worth $142,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of National Vision in a report on Wednesday, October 8th. Wall Street Zen cut shares of National Vision from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Roth Capital began coverage on shares of National Vision in a research note on Wednesday, July 30th. They set a “buy” rating and a $36.00 target price for the company. Citigroup lifted their price target on shares of National Vision from $29.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Barclays upped their price objective on shares of National Vision from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.00.

Insider Buying and Selling

In other National Vision news, Chairman L Reade Fahs sold 137,400 shares of the firm’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $24.33, for a total value of $3,342,942.00. Following the sale, the chairman directly owned 544,795 shares in the company, valued at $13,254,862.35. This trade represents a 20.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is owned by company insiders.

National Vision Stock Up 1.8%

Shares of NASDAQ:EYE opened at $24.91 on Wednesday. National Vision Holdings, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $29.59. The firm’s 50 day moving average price is $26.03 and its 200 day moving average price is $23.62. The company has a quick ratio of 0.32, a current ratio of 0.53 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -830.06, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33.

National Vision (NASDAQ:EYE) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. National Vision had a negative net margin of 0.12% and a positive return on equity of 3.58%. The company had revenue of $487.33 million for the quarter, compared to the consensus estimate of $472.98 million. During the same period in the prior year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. National Vision has set its FY 2025 guidance at 0.620-0.700 EPS. As a group, equities research analysts predict that National Vision Holdings, Inc. will post 0.31 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.