National Vision (EYE)
Operates value optical stores through America's Best, Eyeglass World, and host retail locations.
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Sells eyeglasses, contact lenses, exams, services, and plans through owned and host optical retail brands concentrated in the U.S. and Puerto Rico. The continuing business reports one Owned & Host segment, led by America's Best after the Walmart Vision Center partnership and AC Lens wind-down.
Operates value-focused optical retail stores under America's Best Contacts & Eyeglasses, Eyeglass World, Vista Optical on military bases and in Fred Meyer stores, plus DiscountContacts.com. The continuing store base is concentrated in the United States and Puerto Rico and reports a single Owned & Host segment.
Revenue is built mainly from eyeglasses and contact lenses, with exams, services, plans, and optical accessories adding eye-care touchpoints. America's Best is the largest brand, while Eyeglass World adds a superstore format with on-site labs and broader designer-brand selection.
The business is being rebuilt after the Walmart Vision Center partnership ended and AC Lens operations were wound down. Execution depends on affordable eye care positioning, optometrist access, centralized labs, host-store relationships, managed-care participation, and customer demand for premium lens categories.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 11, 2026 | Guggenheim | Target | Target: — | Target: $27 |
| Aug 13, 2026 | Roth Capital | Reiterate | Rating: —Target: $25 | Target: $27 |
| Aug 13, 2026 | UBS | Reiterate | Rating: —Target: $36 | Target: $34 |
| Aug 13, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $22 | Target: $21 |
| May 14, 2026 | Roth Capital | Target | Target: — | Target: $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 4, 2026Cash & short-term investments $36.0M · Total debt $697.0M · Total assets $1.98B · Shareholders' equity $897.0M
- Revenue
- $498.8M
- Operating income
- $21.3M
- Net income
- $12.4M
No dividends on record.
| Institutions | 127.49% | 100.80M shares | |
|---|---|---|---|
| 241 holders · as of Jun 30, 2026 | |||
| Insiders | 2.43% | 1.92M shares | |
| 22 holders · as of Sep 9, 2026 | |||
| Adds to | 129.92% | ||
79.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 129.92%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.32% | 12.11M | as of Jun 30, 2026 |
Wellington Management Group LLPInstitution | 9.70% | 7.67M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.87% | 5.43M | as of Jun 30, 2026 |
Wasatch Advisors, Inc.Institution | 6.68% | 5.28M | filed Feb 10, 2020 |
William Blair Investment Management, LLCInstitution | 6.00% | 4.75M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Michael J. Nicholson | director | +50,000 | $15.52 |
| Mar 11, 2026 | Alexander Wilkes | director, officer: Chief Executive Officer | −35,000 | $26.54 |
| Mar 6, 2026 | L. Reade Fahs | director, officer: Executive Chairman | −11,672 | $29.58 |
- Warby Parker
Omnichannel eyewear brand overlapping on value, exams, and contacts
- Walmart
Mass-merchant optical footprint tied to low-price eyewear and exams
- Costco
Warehouse-club optical challenger in exams, frames, contacts, and lenses
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| National Vision | $16.05 | −2.46% | $1.32B | 26.9 | 14.8 | 0.6 | +2.6% |
| Warby Parker | $22.73 | −2.24% | $2.85B | 350.2 | 51.4 | 3.1 | +9.8% |
| Walmart | $109.70 | +2.10% | $855.02B | 38.8 | 36.6 | 1.2 | +5.9% |
| Costco | $898.60 | +0.01% | $398.46B | 45.2 | 40.9 | 1.4 | +11.6% |
| Median | 45.2 | 40.9 | 1.4 | +9.8% |