National Vision Holdings, Inc. $EYE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in National Vision Holdings, Inc. (NASDAQ:EYE) by 25.3% in the 3rd quarter, Holdings Channel reports. The firm owned 382,282 shares of the company’s stock after selling 129,702 shares during the quarter. Principal Financial Group Inc.’s holdings in National Vision were worth $11,159,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EYE. Geneos Wealth Management Inc. acquired a new position in National Vision during the 3rd quarter worth approximately $29,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of National Vision during the second quarter valued at approximately $35,000. IFP Advisors Inc acquired a new position in shares of National Vision during the second quarter worth $83,000. Canada Pension Plan Investment Board boosted its stake in shares of National Vision by 333.3% in the second 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 during the period. Finally, Bayforest Capital Ltd acquired a new stake in National Vision during the 2nd quarter valued at $196,000.

National Vision Stock Up 1.5%

National Vision stock opened at $28.19 on Thursday. 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 one year low of $10.45 and a one year high of $30.02. The company has a 50-day simple moving average of $27.63 and a 200-day simple moving average of $26.18. The firm has a market capitalization of $2.24 billion, a P/E ratio of -939.35, a P/E/G ratio of 1.58 and a beta of 1.39.

Analyst Ratings Changes

A number of equities analysts have weighed in on EYE shares. Zacks Research raised shares of National Vision from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Guggenheim raised National Vision to a “strong-buy” rating in a report on Wednesday, December 10th. Wall Street Zen lowered National Vision from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. National Bank Financial set a $32.00 target price on National Vision in a research report on Tuesday, December 9th. Finally, Barclays increased their target price on National Vision from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

National Vision Company 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.