Wellington Management Group LLP Buys 2,173,887 Shares of National Vision Holdings, Inc. $EYE

Wellington Management Group LLP raised its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 39.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,669,853 shares of the company’s stock after purchasing an additional 2,173,887 shares during the period. Wellington Management Group LLP owned 9.70% of National Vision worth $145,804,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in National Vision in the 2nd quarter valued at about $230,295,000. William Blair Investment Management LLC acquired a new stake in National Vision during the second quarter worth approximately $90,248,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of National Vision by 15.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,295,290 shares of the company’s stock worth $96,190,000 after acquiring an additional 437,655 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of National Vision by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,062,191 shares of the company’s stock worth $79,304,000 after acquiring an additional 32,595 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of National Vision by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,990,329 shares of the company’s stock valued at $51,399,000 after purchasing an additional 55,824 shares during the last quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group reduced their price target 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. Morgan Stanley lowered their price objective on National Vision from $22.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 13th. Barclays dropped their target price on National Vision from $38.00 to $27.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company reduced their target price on shares of National Vision from $30.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 14th. Finally, Bank of America lowered 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. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.36.

National Vision Price Performance

National Vision stock opened at $17.08 on Tuesday. The stock’s fifty day moving average price is $19.84 and its two-hundred day moving average price is $21.90. National Vision Holdings, Inc. has a one year low of $14.75 and a one year high of $30.02. 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 firm has a market cap of $1.35 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02.

National Vision (NASDAQ:EYE) last released its earnings results on Wednesday, August 12th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. National Vision had a return on equity of 6.78% and a net margin of 2.47%.The firm had revenue of $498.81 million during the quarter. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. As a group, research analysts expect 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.