Raymond James & Associates Increases Stock Position in National Vision Holdings, Inc. (NASDAQ:EYE)

Raymond James & Associates raised its position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,438 shares of the company’s stock after buying an additional 325 shares during the period. Raymond James & Associates’ holdings in National Vision were worth $2,182,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EYE. First Trust Advisors LP purchased a new stake in National Vision during the 1st quarter valued at $405,000. Envestnet Asset Management Inc. raised its holdings in National Vision by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 44,156 shares of the company’s stock worth $2,258,000 after purchasing an additional 3,602 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in National Vision by 30.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,130 shares of the company’s stock worth $160,000 after purchasing an additional 730 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in National Vision by 37.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 20,963 shares of the company’s stock worth $1,072,000 after purchasing an additional 5,740 shares in the last quarter. Finally, Citigroup Inc. raised its holdings in National Vision by 10.4% in the 2nd quarter. Citigroup Inc. now owns 26,150 shares of the company’s stock worth $1,337,000 after purchasing an additional 2,456 shares in the last quarter.

NASDAQ:EYE opened at $39.44 on Friday. The firm has a market cap of $3.26 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.77 and a beta of 1.73. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.50 and a current ratio of 1.85. National Vision Holdings, Inc. has a fifty-two week low of $38.79 and a fifty-two week high of $65.92. The firm has a 50-day simple moving average of $48.13 and a two-hundred day simple moving average of $53.56.

National Vision (NASDAQ:EYE) last released its quarterly earnings data on Wednesday, November 10th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.13. The business had revenue of $518.01 million during the quarter, compared to analyst estimates of $513.70 million. National Vision had a net margin of 7.49% and a return on equity of 15.80%. During the same period last year, the business earned $0.52 EPS. On average, equities research analysts predict that National Vision Holdings, Inc. will post 1.14 EPS for the current year.

National Vision announced that its Board of Directors has initiated a share repurchase plan on Monday, November 29th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

EYE has been the subject of several research reports. Bank of America lowered shares of National Vision from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $63.00 to $50.00 in a report on Friday, November 12th. William Blair reiterated an “outperform” rating on shares of National Vision in a research note on Wednesday, November 10th. The Goldman Sachs Group lowered shares of National Vision from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $59.00 to $57.00 in a research note on Monday, November 15th. Wells Fargo & Company decreased their price target on shares of National Vision from $65.00 to $60.00 in a research note on Wednesday, January 5th. Finally, Zacks Investment Research upgraded shares of National Vision from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Monday, October 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $61.11.

National Vision Profile

National Vision Holdings, Inc engages in the retail of optical products. It operates through the following segments: Owned and Host, Legacy, and Corporate/Other. The Owned and Host segment consists of America’s Best and Eyeglass World brands. The Legacy segment involves operations of, and supplies inventory and lab processing services.

Further Reading: Are sell-side analysts objective?

Institutional Ownership by Quarter for National Vision (NASDAQ:EYE)

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