National Vision Holdings, Inc. $EYE Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC lessened its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 48.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 33,055 shares of the company’s stock after selling 31,205 shares during the quarter. Legato Capital Management LLC’s holdings in National Vision were worth $965,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. acquired a new stake in National Vision in the third quarter valued at approximately $29,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of National Vision in the 2nd quarter valued at approximately $35,000. Canada Pension Plan Investment Board raised its holdings in shares of National Vision by 333.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,900 shares of the company’s stock valued at $90,000 after purchasing an additional 3,000 shares in the last quarter. LSV Asset Management acquired a new stake in shares of National Vision in the 3rd quarter valued at $93,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of National Vision by 14.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,431 shares of the company’s stock worth $100,000 after purchasing an additional 440 shares during the last quarter.

Wall Street Analysts Forecast Growth

EYE has been the topic of several recent analyst reports. Guggenheim raised National Vision to a “strong-buy” rating in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of National Vision in a research report on Thursday, January 22nd. Barclays increased their price objective on National Vision from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday. Citigroup boosted their target price on National Vision from $29.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Zacks Research raised National Vision from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, National Vision has an average rating of “Moderate Buy” and an average target price of $29.17.

National Vision Stock Performance

Shares of EYE stock opened at $26.63 on Wednesday. The stock’s 50-day moving average is $27.19 and its two-hundred day moving average is $26.52. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.32 and a current ratio of 0.53. National Vision Holdings, Inc. has a 1 year low of $10.45 and a 1 year high of $30.02. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of -887.37, a PEG ratio of 1.53 and a beta of 1.38.

National Vision (NASDAQ:EYE) last posted its earnings results on Wednesday, March 4th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.10. The business had revenue of $503.41 million during the quarter, compared to the consensus estimate of $495.26 million. National Vision had a positive return on equity of 3.58% and a negative net margin of 0.12%. Analysts predict that National Vision Holdings, Inc. will post 0.31 earnings per share for the current 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.