Fund 1 Investments LLC Invests $4.86 Million in National Vision Holdings, Inc. $EYE

Fund 1 Investments LLC purchased a new stake in National Vision Holdings, Inc. (NASDAQ:EYE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 255,796 shares of the company’s stock, valued at approximately $4,863,000. National Vision comprises 0.8% of Fund 1 Investments LLC’s portfolio, making the stock its 24th biggest position. Fund 1 Investments LLC owned 0.32% of National Vision at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Kestra Advisory Services LLC bought a new position in National Vision during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its stake in National Vision by 96.2% in the second quarter. Versant Capital Management Inc now owns 1,789 shares of the company’s stock valued at $34,000 after purchasing an additional 877 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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. Caitong International Asset Management Co. Ltd acquired a new stake in National Vision in the fourth quarter worth $47,000. Finally, Quarry LP boosted its position in shares of National Vision by 317.4% during the third quarter. Quarry LP now owns 1,653 shares of the company’s stock worth $48,000 after purchasing an additional 1,257 shares in the last quarter.

Analyst Upgrades and Downgrades

EYE has been the subject of several research analyst reports. Citigroup decreased their price target on shares of National Vision from $39.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Wells Fargo & Company dropped their price objective on National Vision from $30.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of National Vision in a report on Tuesday, August 11th. Roth Capital reissued a “buy” rating and issued a $27.00 target price on shares of National Vision in a research note on Thursday, August 13th. Finally, UBS Group lowered their price target on National Vision from $36.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.36.

National Vision Stock Performance

Shares of EYE opened at $18.67 on Thursday. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.48 and a beta of 1.02. National Vision Holdings, Inc. has a 12 month low of $14.75 and a 12 month high of $30.02. The firm has a fifty day simple moving average of $19.81 and a 200 day simple moving average of $22.14. The company has a current ratio of 0.59, a quick ratio of 0.27 and a debt-to-equity ratio of 0.25.

National Vision (NASDAQ:EYE) last issued 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 net margin of 2.47% and a return on equity of 6.78%. The firm had revenue of $498.81 million for the quarter. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Research analysts forecast 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.