Olympiad Research LP Makes New Investment in National Vision Holdings, Inc. (NASDAQ:EYE)

Olympiad Research LP purchased a new position in National Vision Holdings, Inc. (NASDAQ:EYE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 29,166 shares of the company’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearbridge Investments LLC grew its stake in National Vision by 4.2% during the first quarter. Clearbridge Investments LLC now owns 4,511,738 shares of the company’s stock worth $99,980,000 after buying an additional 182,504 shares during the last quarter. Hsbc Holdings PLC boosted its stake in National Vision by 153.4% in the second quarter. Hsbc Holdings PLC now owns 127,350 shares of the company’s stock valued at $1,625,000 after acquiring an additional 77,096 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in National Vision by 115.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,479,245 shares of the company’s stock valued at $32,453,000 after acquiring an additional 1,330,023 shares during the last quarter. Jane Street Group LLC boosted its position in shares of National Vision by 166.6% during the first quarter. Jane Street Group LLC now owns 211,305 shares of the company’s stock worth $4,683,000 after purchasing an additional 132,039 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new position in shares of National Vision during the first quarter worth $4,595,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group dropped their price objective on shares of National Vision from $20.00 to $13.00 and set a “neutral” rating on the stock in a report on Friday, August 9th. Barclays decreased their price objective on shares of National Vision from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Thursday, August 8th. Finally, UBS Group reduced their target price on shares of National Vision from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.25.

National Vision Price Performance

Shares of NASDAQ:EYE opened at $11.63 on Friday. The firm has a 50 day moving average of $10.45 and a 200-day moving average of $12.65. The stock has a market capitalization of $914.58 million, a PE ratio of -11.29, a PEG ratio of 2.55 and a beta of 1.42. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 0.17. National Vision Holdings, Inc. has a 12 month low of $9.56 and a 12 month high of $24.11.

National Vision (NASDAQ:EYE) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.06 by $0.06. The company had revenue of $451.50 million during the quarter, compared to analysts’ expectations of $451.13 million. National Vision had a negative net margin of 4.00% and a positive return on equity of 3.53%. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 EPS. On average, equities research analysts predict that National Vision Holdings, Inc. will post 0.23 EPS for the current fiscal year.

About National Vision

National Vision Holdings, Inc, through its subsidiaries, operates as an optical retailer in the United States. The company operates in two segments, Owned & Host and Legacy. It offers eyeglasses and contact lenses, and optical accessory products; provides eye exams through its America’s Best, Eyeglass World, Vista Optical, Fred Meyer, and Vista Optical military, as well as Vision Center branded stores; and offers health maintenance organization and optometric services.