Sierra Summit Advisors LLC Invests $965,000 in National Vision Holdings, Inc. $EYE

Sierra Summit Advisors LLC bought a new position in shares of National Vision Holdings, Inc. (NASDAQ:EYE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,054 shares of the company’s stock, valued at approximately $965,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EYE. American Century Companies Inc. boosted its stake in shares of National Vision by 25.6% during the 3rd quarter. American Century Companies Inc. now owns 4,391,844 shares of the company’s stock worth $128,198,000 after buying an additional 896,093 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in National Vision by 11.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,857,635 shares of the company’s stock worth $65,754,000 after acquiring an additional 301,584 shares in the last quarter. Bank of America Corp DE boosted its position in National Vision by 127.9% during the second quarter. Bank of America Corp DE now owns 1,965,856 shares of the company’s stock valued at $45,234,000 after purchasing an additional 1,103,213 shares during the last quarter. Fiera Capital Corp acquired a new position in National Vision during the second quarter valued at approximately $25,070,000. Finally, Jupiter Asset Management Ltd. grew its stake in National Vision by 4,726.8% in the third quarter. Jupiter Asset Management Ltd. now owns 977,525 shares of the company’s stock valued at $28,534,000 after purchasing an additional 957,273 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group dropped their price objective on National Vision from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Tuesday, November 18th. Barclays upped their price target on shares of National Vision from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of National Vision in a research report on Thursday, January 22nd. Guggenheim upgraded shares of National Vision to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, National Bank Financial set a $32.00 target price on shares of National Vision in a research note on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Vision currently has an average rating of “Moderate Buy” and a consensus price target of $29.00.

National Vision Stock Performance

Shares of EYE stock opened at $26.97 on Friday. National Vision Holdings, Inc. has a 52 week low of $10.45 and a 52 week high of $30.02. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -898.70, a PEG ratio of 1.54 and a beta of 1.39. The company has a 50-day simple moving average of $27.26 and a 200 day simple moving average of $26.44. 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 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.